G7 nations to release oil and diesel stocks, will it bring down the prices?
Global energy prices have soared due to the US and Israel’s war on Iran and Russia’s war on Ukraine.
![A protester holds posters of Rashad al-Alimi, head of the Presidential Leadership Council, and Saudi Crown Prince Mohammed bin Salman during a march to protest Iranian attacks on Saudi Arabia in Taiz, Yemen, Monday, March 30, 2026. [Abdulnasser Alseddik/AP Photo]](https://www.aljazeera.com/wp-content/uploads/2026/09/ap_6ab72a9f17f6c-1790388895.jpg?resize=770%2C513&quality=80)
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EXPLAINER
Trump pushes Russia-Ukraine ‘energy truce’: Can it work?
Talks of a possible halt in attacks on energy facilities come as strikes on such targets continue unabated.
ANALYSIS
Why the Houthis are fighting for Yemen’s Kahboub Mountains
Kahboub could help the Houthis consolidate control near one of the world’s busiest shipping routes.
ANALYSIS
As Houthis grab Bab al-Mandeb, US appears willing to watch from sidelines
Stretched by its war with Iran, Washington may have little choice but to trust Houthi assurances on shipping.
EXPLAINER
Oman oil escape route: How ship-to-ship transfers work — despite big risks
Oman’s Sohar port is becoming a popular spot for ship-to-ship oil transfers amid continued Hormuz blockade.
Italy to deploy warships to protect shipping through Bab al-Mandeb
Italy’s defence minister warns of severe economic fallout if Bab al-Mandeb becomes impassable, bypassing EU delays.
ANALYSIS
China faces oil challenge as prices soar and supply options narrow
Beijing is drawing on vast reserves and seeking alternative crude as shipping disruption continues.
EXPLAINER
US tariffs against Russian oil buyers pass: What it means for China, India
US sanctions aim to weaken Russian oil exports, heavily targeting China and India as Moscow’s largest energy buyers.
EXPLAINER
Trump claims direct talks with Iran: Is diplomacy picking up again?
The US president says Washington is ‘hopefully toward the end’ of Iran war, as global energy prices remain high.
From Yanbu to Sohar: Tracking Saudi Arabia’s alternative oil routes
The world’s second-largest crude exporter is rerouting crude via dark shipments and ship-to-ship transfers off Oman.
US military claims Strait of Hormuz remains open amid ongoing blockade
The comments from a US CENTCOM spokesperson come amid continued tensions over shipping through the vital waterway.
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