• العربية
  • فارسی
Brand
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Theme
  • Language
    • العربية
    • فارسی
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
All rights reserved for Volant Media UK Limited
volant media logo

Economic bodies warn of fuel security risks if Hormuz disruption continues

May 29, 2026, 23:17 GMT+1

The heads of the World Bank, International Monetary Fund and International Energy Agency warned on Friday that continued disruption to oil shipping through the Strait of Hormuz could increase risks to fuel security, market stability and broader economic resilience as demand rises in the Northern Hemisphere summer, CBS reported.

In a joint statement following a meeting on Thursday to discuss the Iran war, the three organizations said global oil inventories were being drawn down at a “record pace” after three months of restricted shipping through the strategic waterway.

They added that while the global economy remained resilient, some countries were already facing higher fuel costs, while fertilizer prices had surged ahead of planting season.

The statement warned that if shipping flows do not return to normal, continued rapid depletion of global oil inventories ahead of peak summer demand could pose increasing risks to fuel security and market conditions.

Most Viewed

Mossad recruited Ahmadinejad for Iran regime-change plot - report
1

Mossad recruited Ahmadinejad for Iran regime-change plot - report

2
INSIGHT

Can Tehran seek revenge and negotiate with Washington?

3

UK says support for Iran's IRGC outlawed under new state threats law

4

Plastic waste becomes major environmental challenge in Iran

5

Diplomacy fades as US and Iran escalate over Hormuz

Banner
Banner
Banner

Spotlight

  • Iran parliament drops two hardline critics of US talks from security panel posts

    Iran parliament drops two hardline critics of US talks from security panel posts

  • Did Mossad recruit Iran’s Holocaust-denying president?
    ANALYSIS

    Did Mossad recruit Iran’s Holocaust-denying president?

  • Iran risks its most valuable Arab partner over Hormuz
    INSIGHT

    Iran risks its most valuable Arab partner over Hormuz

  • Why so few Iranians have jobs despite low unemployment
    ANALYSIS

    Why so few Iranians have jobs despite low unemployment

  • January protesters trapped in 'hell' of Greater Tehran prison, inmates say
    EXCLUSIVE

    January protesters trapped in 'hell' of Greater Tehran prison, inmates say

  • Iran faces region’s harshest mix of wartime contraction and inflation

    Iran faces region’s harshest mix of wartime contraction and inflation

•
•
•

More Stories

SOUTHCOM chief meets Cuban military officials near Guantanamo Bay

May 29, 2026, 23:14 GMT+1

The top US general overseeing forces in Latin America held a rare meeting on Friday with senior Cuban military officials at the perimeter of US Naval Station Guantanamo Bay, Cuba, the US military said, confirming a Reuters report.

US General Francis Donovan, head of US Southern Command, briefly discussed operational security matters with the Cuban delegation, which included Cuban General Roberto Legra Sotolongo, first deputy minister of the chief of the General Staff, SOUTHCOM said on X.

Secretary Rubio dissolves Syria special envoy role

May 29, 2026, 23:04 GMT+1

Secretary of State Marco Rubio announced on X on Friday that Special Envoy Tom Barrak’s title for Syria expires, but he will continue as US Ambassador to Turkey.

"Ambassador Tom Barrak has played an invaluable role as our Special Envoy to Syria. While that title is expiring, he will continue to play a leading role for the Trump Administration in both Syria and Iraq, where his expertise, relationships, and understanding of the America First agenda will continue to deliver wins on behalf of our great country," Rubio said.

Russia’s envoy urges quiet diplomacy amid ongoing negotiations

May 29, 2026, 22:57 GMT+1

Mikhail Ulyanov, Russia’s ambassador to international organizations in Vienna, said on Friday that negotiations should be conducted quietly, warning that “chaotic assessments and public comments” could undermine diplomatic efforts.

"Negotiations must be conducted quietly. Chaotic assessments and public comments, which can change several times a day, create an unhealthy backdrop for diplomatic efforts," he posted on X.

Iran reportedly loading tanker at Jask as crude builds in floating storage

May 29, 2026, 22:33 GMT+1

A satellite image shared by Bloomberg energy analyst on Friday shows a tanker being loaded at Iran’s Jask oil terminal, according to open-source analysis of Copernicus Sentinel-2 data, as Iran continues to use alternative export infrastructure outside the Strait of Hormuz.

The image indicates activity at the Gulf of Oman terminal, which Iran has developed as a secondary export outlet to reduce reliance on its main loading hub at Kharg Island.

Qatar’s $6B Iran funds among final sticking points in peace deal - NY Post

May 29, 2026, 22:02 GMT+1

One of the final obstacles to a tentative US-Iran peace deal is the phased unfreezing of roughly $6 billion in Iranian funds held in Qatar, according to The New York Post.

The Qatar-held funds, originally released during a 2023 prisoner swap under former President Joe Biden, would not be transferred directly to Iran. Instead, they would be used for humanitarian purchases such as food and medical supplies for delivery to the country.

An administration official said disbursement would be conditional on Iranian compliance with benchmarks, including reopening and de-mining the Strait of Hormuz, the report said.