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Satellite image of the Strait of Hormuz, between Iran to the north and the Arabian Peninsula to the south, taken by the MODIS sensor on the Terra satellite in December 2020. The channel is about 34 km wide at its narrowest point.

Strait of Hormuz

Iran exempts Chinese, Indian, Iraqi and Qatari ships from Hormuz restrictions, where 10.23 million barrels a day transited

European Energy Commissioner Dan Jørgensen, on the left, and European Commission Executive Vice-President Teresa Ribera at a press conference on the bloc's energy package in March 2026.

European gas tops €100 per MWh for the first time since December 2022, and Brussels warns of "another energy crisis"

The Petrobras headquarters in downtown Rio de Janeiro, pictured in 2012.

Petrobras signs 22-year deal to buy 800,000 tonnes of US LNG a year