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Oil prices have plummeted after Iran said the Strait of Hormuz would be �completely open� to commercial ships for the remainder of the ceasefire. MORE..

17 Apr 2026 (10:06 PM)

A fire broke out at an oil terminal in southern Russia s Krasnodar region, prompting a large firefighting operation, the region s emergency operational headquarters said early on Saturday. MORE..

18 Apr 2026 (8:13 AM)

Chairman of the Ceylon Petroleum Corporation (CPC), D. J. Rajakaruna, has firmly rejected claims that Sri Lanka procured crude oil at a price exceeding $286 per barrel when importing fuel to Sri Lanka. MORE..

17 Apr 2026 (4:48 PM)

Sri Lanka is among the worst impacted countries in the Asia-Pacific due to the ripple effects of the West Asia crisis, a UN report said. MORE..

17 Apr 2026 (5:06 PM)

The Trump administration on Friday renewed a waiver allowing countries to buy sanctioned Russian oil and petroleum products at sea for about a month, two days after saying it had no plans to do so. MORE..

18 Apr 2026 (9:51 AM)

Iran s Deputy Foreign Minister Saeed Khatibzadeh said Tehran rejects any temporary ceasefire and is seeking a comprehensive end to the war across the region. MORE..

17 Apr 2026 (5:56 PM)