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

Economics & Markets

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

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

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

179970132 © Eugenesergeev | Dreamstime.com
id_179970132__eugenesergeev_dreamstime
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