Rigzone.com: Latest News Headlines

• Refining Margins to Provide Buffer as Shell Gas Production Takes War Hit April 8, 2026
  Shell expects production in its Integrated Gas segment to fall to 880,000-920,000 boed in the first quarter of 2026 from 948,000 boed in Q4 2025 due to 'the impact of the Middle East conflict on Qatari volumes'.
• Iran, US Eke Out Truce April 8, 2026
  The U.S. and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz.
• Crude Sinks on Two-Week Iran Pause April 7, 2026
  Oil plunged and markets rallied after Trump agreed to pause strikes on Iran for two weeks.
• 1 of 7 Stranded Malaysian Vessels Sails Through Hormuz April 7, 2026
  Malaysia has maintained cordial diplomatic ties with Iran.