Iran war

This compilation highlights news, insights, and updates from Oil & Gas Journal and Offshore, both EndeavorB2B brands, concerning the war in Iran.
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Oil & Gas Journal content

Podcast

In this bonus episode of the Oil & Gas Journal ReEnterprised podcast, Head of Content Chris Smith is joined by Jim Krane, the Diana Tamari Sabbagh Fellow in Middle East Energy Studies and Center for Energy Studies Lead for Energy and Geopolitics in the Middle East at Rice University’s Baker Institute for Public Policy.

The two discuss the regional political forces shaping the Iran war so far, exactly how vulnerable the Strait of Hormuz is, and—shifting inland—what’s in it for the Kurds.

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An OGJ-created infographic details 2025 energy trade through the Strait of Hormuz.
March 11, 2026

Economics & Markets

356624652 © Mantas Zilicius | Dreamstime.com
illustration of oil pump jack on lighted chart representing oil markets
Despite high oil prices around $90–100/bbl, US producers are unlikely to significantly boost output due to industry constraints and continued capital discipline.
March 24, 2026
86811972 © Tobias Arhelger | Dreamstime.com
European flag on bright blue sly background
Europe's push for renewable energy faces hurdles that intensified after Russian gas cuts. The Iran war added a new layer of uncertainty.
March 23, 2026
113721998 © Bluebay2014 | Dreamstime.com
Increasing oil price, growing arrow graph
Oil market dynamics continue to validate a long-standing rule: supply disruptions or relief anywhere affect prices everywhere. Mark Finley of the Baker Institute argues that while...
March 23, 2026
CERAWeek by S&P Global
CERAWeek by S&P Global
Middle East tensions are an underlying focus at the Houston conference this year, where executives are highlighting impacts of the tensions on oil markets and strategies.
March 23, 2026
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View of the US White House with water fountain and trees in foreground
The US eased sanctions on Iranian crude until Apr. 19, allowing limited oil sales to address rising energy prices.
March 23, 2026
File photo from QatarEnergy
Qatar’s Ras Laffan Industrial City
The attacks have cast uncertainty over Qatar’s North Field East expansion, potentially delaying additional capacity and exacerbating global LNG shortages, with Asian and European...
March 19, 2026
69759725 © Micha Klootwijk | Dreamstime.com
Iran map on vintage crack paper background
Attacks on Iran’s key energy assets, including the South Pars gas field, have heightened fears of prolonged conflict, impacting regional security, energy trade routes, and global...
March 19, 2026
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An American flag waves at a US port, where a cargo ship is docked beneath a crane on a blue sky day.
The temporary suspension allows more international tankers to transport oil and gas to US ports, addressing logistical bottlenecks, but faces limitations due to refinery compatibility...
March 19, 2026
Photo from Venture Global
Plaquemines LNG plant during construction
Energy Secretary Wright authorized a 13% increase in LNG exports from the Plaquemines plant to counter rising global natural gas prices from the escalating Iran war.
March 16, 2026
Strait of Hormuz tankers
Traders now have to worry about events over the weekend that could further increase prices while the market is closed.
March 13, 2026
178517564 © Harshit Srivastava | Dreamstime.com
Russian oil tanker at dockyard with tugboat
Amid geopolitical tensions in the Middle East and oil supply disruptions, the US has implemented temporary sanctions waivers, strategic petroleum releases, and is considering ...
March 13, 2026
185902451 © Nsbeer | Dreamstime.com
Middle East map with Iran top center
Participants in a roundtable discussion emphasized that while existing oil and gas dynamics remain, flexibility is decreasing, and resilience increasingly hinges on supply‑chain...
March 12, 2026
371543197 © Phichitpon Intamoon | Dreamstime.com
oil and gas infrastructure with US flag and sunset background
In response to increased oil prices driven by the Iran war and market instability, the Trump administration said it will draw from the Strategic Petroleum Reserve.
March 12, 2026
220149459 © Daniil Peshkov | Dreamstime.com
Oil industry and index concept with oil pump jack silhouettes at sunset field background and virtual financial chart
Emergency oil stock releases and alternative supplies are mitigating some impacts of supply disruption from the Iran war, but prolonged conflict could deepen shortages and price...
March 12, 2026
434928541 © Beniamino Forestiere | Dreamstime.com
Stacked oil barrels painted with the colors and emblem of the Iranian flag
Amid fears of prolonged Gulf export disruptions, the IEA's 400 million bbl release underscores the severity of current global oil supply challenges and the importance of strategic...
March 11, 2026
361613260 © Daniil Peshkov | Dreamstime.com
Oil pump jacks at sunset with financial stock market graphs overlay
While recent comments from Pres. Trump eased immediate concerns about supply disruptions, analysts warn that geopolitical risks in the Middle East remain high, and oil price volatility...
March 10, 2026
214862166 © Tatiana Golmer | Dreamstime.com
Iranian flag over barrels of oil, metal coins, oil futures trading concept
Oil prices have exceeded $100/bbl as the Iran war escalates further. A few weeks' closure of the Strait of Hormuz could push crude over $150/bbl, analysts say.
March 9, 2026
26184925 © Robert Hale | Dreamstime.com
Middle East map with Iran centered
When the market opened after the initial strike on Iran, oil prices traded $75/bbl on the Open, a $7/bbl jump from Friday’s High, indicating a higher risk premium as the market...
March 6, 2026
96633437 © Titoonz | Dreamstime.com
Satellite view of Middle East landforms. Elements furnished by NASA
Broader infrastructure risks are emerging as regional attacks threaten production in Qatar, Saudi Arabia, and Iraq, while Europe and Asia face heightened vulnerability due to ...
March 3, 2026
387409148 © Clare Jackson | Dreamstime.com
Aerial view crude oil tanker Strait Of Hormuz
Despite initial market volatility, oil storage levels and pre-positioned supplies have mitigated immediate price shocks. However, ongoing tensions and insurance issues continue...
March 2, 2026
220736519 © Pavel Muravev | Dreamstime.com
Sea container ship in the Strait of Hormuz, near Iranian coastline, 2021
About 20 million b/d of crude oil and petroleum products transit the Strait of Hormuz, linking Persian Gulf producers—including Saudi Arabia, Iraq, Iran, the United Arab Emirates...
March 2, 2026
350487557 © Dmitriiavramchik | Dreamstime.com
oil barrels with line graph overlay, representing international oil market
The oil production adjustments come at a time of heightened geopolitical uncertainty, with tensions in the Middle East threatening to disrupt oil shipments through key routes ...
March 2, 2026
244893701 © Dmitrii Melnikov | Dreamstime.com
Iran flag oil pump shadow
The conflict has caused a surge in Brent and WTI crude prices, with partial normalization after US government intervention. Shipping and refining markets face significant disruptions...
March 4, 2026
260459579 © Tomasragina | Dreamstime.com
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US-Iran talks are scheduled to continue next week with no real progress achieved this week. Trump’s proposed deadline for a settlement agreement expires next week.
Feb. 27, 2026

Operations

Occidental Petroleum Corp.
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“Planning has been put on hold for the next 2-3 months,” one executive told researchers.
March 25, 2026
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California flag and outline map of California on paper texture background
Sable Offshore resumed Santa Ynez operations following a federal directive that cited national security needs despite California's legal challenges and opposition.
March 16, 2026
Venture Global Inc.
LNG vessel
Following QatarEnergy’s news that it has halted LNG production following the strikes on Iran, Venture Global’s CEO said his team is likely the top player today when it comes to...
March 2, 2026
Photo from Ratio Energies
Leviathan platform offshore Israel
Energean and Chevron have been instructed to suspend activities offshore Israel due to escalating regional conflicts and security concerns.
March 3, 2026

  

Offshore content

Operations

157008299 | Background © Ruletkka | Dreamstime.com
Iran flag
Qatar LNG and Iran’s South Pars are among the worst affected, according to Rystad Energy analysis.
March 26, 2026
matejmo/2208992548/iStock/Getty Images Plus
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Tehran threatens to respond in kind; Brent crude prices shoot up 5% to above $108/bbl.
March 19, 2026
ronib1979/1253637422/iStock/Getty Images Plus
Iranian ships having impact on Persian Gulf E&P
Several Gulf states are curtailing offshore production for safety reasons, but also loss of export channels.
March 13, 2026
Courtesy marinetraffic.com
Borr Arabia III drilling rig
Earlier, the company downmanned three rigs operating in UAE, Qatari waters.
March 10, 2026
Ludovico82/1352091507/iStock/Getty Images Plus
offshore platform
Analysts say that the North Field Expansion (NFE) startup could slip into 2027 if regional tensions persist.
March 5, 2026
Photo from New Med Energy
Leviathan platform
Production halt will temporarily impact supplies to Israel’s grid and to neighboring countries.
March 5, 2026

Commentary

ID 59320551 © Dbajurin | Dreamstime.com
Iran flag blowing in wind
The escalation of US and Israeli military actions in Iran is prompting the offshore energy sector to reassess operational risks, supply chain disruptions and market volatility...
March 7, 2026
179970132 © Eugenesergeev | Dreamstime.com
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Escalating conflicts involving Iran, Israel and the US have heightened risks for offshore drilling in the Middle East, disrupting logistics, increasing costs and delaying projects...
March 5, 2026

Special Report

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From the archive: The Middle East offshore sector is undergoing a dynamic transformation, driven by innovation, strategic reinvestment and evolving market demands.
March 10, 2026