Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Trump Announces ‘Bombing Raid’ at Kharg Island

March 16, 2026

The Ratings Overhaul that Could Add to the Sustainability Reporting Burden

March 16, 2026

Gas agency owner in Coimbatore arrested for hoarding commercial LPG cylinders, ETEnergyworld

March 16, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Empowering People in Oil and Gas
Earnings Reports

Empowering People in Oil and Gas

omc_adminBy omc_adminMarch 16, 2026No Comments6 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Iran denied US President Donald Trump’s assertion that it wants ceasefire talks, launching fresh attacks across the Persian Gulf and forcing a suspension of flights at Dubai’s main airport.

The United Arab Emirates and Saudi Arabia reported drone and missile attacks overnight into Monday. Dubai halted flights at its main airport following a fire at a fuel tank that it said was caused by an Iranian drone. It announced a gradual resumption a few hours later, though Emirates said some of its scheduled flights for the day would be canceled.

The key UAE oil-export port of Fujairah was hit again on Monday, following a strike on Saturday that forced it to suspend some shipments for about a day.

In Abu Dhabi, a Palestinian civilian was killed because of a missile falling on a car, authorities in the UAE capital said.

Israel began airstrikes on infrastructure in the Islamic Republic’s capital, Tehran, after a barrage of missiles targeting the Jewish state.

The attacks show there is no letup in the fighting, now in its 17th day, that began with the US-Israeli alliance’s bombing of Iran on Feb. 28. The Strait of Hormuz remains effectively closed, disrupting global energy flows.

Trump for the first time called on world powers, including France, the UK, Japan and China, to help the US reopen the waterway by sending warships to provide escorts to commercial vessels. None of the countries have so far said they’re yet willing to do that.

Advertisement – Scroll to continue

Oil prices rose again in early trading. Brent rose 2.4 percent as of 11:20 a.m. in Dubai to go past $105 a barrel, a move that will further heap pressure on Trump as US gasoline prices jump.

Trump said over the weekend that Iran is ready to make a deal to end the war, but the US wants better terms, including a commitment by Tehran to abandon nuclear activities.

“Iran wants to make a deal, and I don’t want to make it because the terms aren’t good enough yet,” he said.

Yet Iranian Foreign Minister Abbas Araghchi denied seeking talks or a ceasefire with the US.

“We don’t see any reason why we should talk with Americans, because we were talking with them when they decided to attack us,” Araghchi said in an interview aired Sunday on CBS. Iran will continue to defend itself until Trump accepts that he’s waging an “illegal war” with no chance of victory, he said.

Japan, which rarely wants to appear out of lockstep with the US, said through a senior official that efforts to escort ships through Hormuz face “high hurdles.” Australia ruled out sending warships.

European Union foreign ministers will discuss the idea of expanding the bloc’s Aspides naval mission from the Red Sea to the Strait of Hormuz when they meet Monday, but officials cautioned no decisions are imminent.

The military operation to secure shipping in the Red Sea “has not been effective so far,” German Foreign Minister Johann Wadephul told ARD television on Sunday, adding Berlin was very skeptical about any expansion of the naval mission.

The Pentagon estimates the war – which US officials said cost the country $11.3 billion in the first six days alone – would take between four and six weeks, said Kevin Hassett, head of the White House’s National Economic Council. Underscoring the domestic pressure on Trump, he was among several administration officials on Sunday asking Americans for patience as global oil prices rise.

The conflict has left close to 4,000 people dead across the region, according to tolls from governments and nongovernmental organizations. The US-based Human Rights Activists News Agency said more than 3,000 people were killed in the last two weeks in Iran. Lebanon said 850 people were killed since Israel began attacking Iran-aligned Hezbollah militia in the country. Dozens have died across the Gulf and in Israel, while the US has lost 13 service members. 

The US hit military sites over the weekend on Kharg Island, from which Iran exports almost all its oil. In announcing the strike, Trump said military facilities there had been “obliterated,” adding that he chose not to hit oil infrastructure “for reasons of decency.” 

He threatened to do so should Iran “do anything to interfere with the Free and Safe Passage of Ships through the Strait of Hormuz.” 

Trump said that even though Iran’s military was “already destroyed 100 percent,” it was “easy” for Tehran to continue threatening ships with drones, mines and short-range missiles. The US, he said, “will be bombing the hell out of” Iran’s shoreline to try to counter that.

Araghchi, the Iranian foreign minister, said the strait was only shut to US ships and those of its allies. There have been 16 reported attacks on vessels in and around Hormuz since the war began, according to the UK Maritime Trade Operations.

Araghchi said the Islamic Republic was open to talks with regional countries, but said ending the conflict would require a clear commitment by Tehran’s adversaries not to attack it again.

“We welcome any regional initiative that leads to a fair end to the war,” he told Al-Araby Al-Jadeed. “Ending the war is conditional on guarantees that it won’t be repeated and on the payment of compensation.”

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
////console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 82 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Trump Announces ‘Bombing Raid’ at Kharg Island

March 16, 2026

Analyst Warns of ‘Big, Big Risk’ for Oil Over Weekend

March 13, 2026

Oil Market Shrugs Off 400MM Barrel IEA Reserve Release

March 12, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Cheap parcels from China will no longer be duty-free. Here’s what it means for buyers and sellers

May 1, 20259 Views
Don't Miss

Trump Announces ‘Bombing Raid’ at Kharg Island

By omc_adminMarch 16, 2026

In a statement posted on his Truth Social page late on March 13, U.S. President…

Empowering People in Oil and Gas

March 16, 2026

Trump invokes Defense Production Act in restarting oil unit offshore California

March 16, 2026

U.S. strikes on Iran’s Kharg Island avoid hitting oil installations

March 16, 2026
Top Trending

The Ratings Overhaul that Could Add to the Sustainability Reporting Burden

By omc_adminMarch 16, 2026

ESG Today: Week in Review

By omc_adminMarch 15, 2026

Germany misses climate targets as emissions barely fall in 2025 | Germany

By omc_adminMarch 14, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202519 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views
Our Picks

TotalEnergies Plays Down War Impact on Operations

March 16, 2026

IEA Expects Quick Release of Asia Pacific Oil Stocks

March 16, 2026

Trump invokes Defense Production Act in restarting oil unit offshore California

March 16, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.