Mapping Iran war’s strikes on Gulf energy and its impact on future of oil
US energy companies have reaped billions from rising oil price, but their assets in the region remain at risk.

US energy companies have reaped billions from rising oil price, but their assets in the region remain at risk.



![Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 28, 2026. [Majid Asgaripour/WANA via Reuters]](https://aljazeeranews-mggx1uo47w.edgeone.app/wp-content/uploads/2026/08/2026-08-28T125017Z_430861520_RC2I7NAOVQB7_RTRMADP_3_IRAN-CRISIS-HORMUZ-1787952814.jpg?resize=770%2C513&quality=80)


![People gather on the beach, as vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 25, 2026. [Majid Asgaripour/WANA via Reuters]](https://aljazeeranews-mggx1uo47w.edgeone.app/wp-content/uploads/2026/08/2026-08-25T111240Z_2136989212_RC2J5NAAYWGP_RTRMADP_3_IRAN-CRISIS-HORMUZ-1787691077.jpg?resize=770%2C513&quality=80)


Omani and Iranian foreign ministers hold a call as Washington prepares economic sanctions.
Decentralised power can give communities the means to sustain themselves rather than wait for change to come from above.
At least 20 injured and dozens of fuel tankers destroyed as flames rip through warehouse near northern Kurdish city.
Explosive drones target Iraqi Kurdish PM’s office and security chief’s residence; no casualties reported.

Iraq’s Integrity Commission seized of millions in cash and jewelry said to be linked to corruption charges.