Oil sank to a six-week low as the US and Iran tentatively agreed to extend a ceasefire, stoking optimism that the Strait of Hormuz may soon reopen.
Pumpjacks near Three Rivers, Texas, US, on Sunday, March 1, 2026. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz. Photographer: Eddie Seal/Bloomberg
A Russian tanker carrying over 240,000 barrels of diesel has abandoned its voyage to Cuba and is now sailing southeast after weeks of uncertainty surrounding a shipment meant to help relieve the fuel-starved island’s worsening energy crisis.
A Russian tanker carrying over 240,000 barrels of diesel has abandoned its voyage to Cuba and is now sailing southeast after weeks of uncertainty surrounding a shipment meant to help relieve the fuel-starved island’s worsening energy crisis.
A tank truck drives on a street in Matanzas, Cuba on March 30, 2026.
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