EU foreign ministers decided to cut aid to Turkey and suspend high-level bilateral talks.
Turkey has denied it is doing anything illegal on the divided island - where a huge discovery of reserves has set off a race to tap into the resources.
A Turkish ship planning to drill for oil and gas close to Cyprus dropped anchor off the island on Monday, sparking tensions with Nicosia and the European Union.
Here we break down the controversy that prompted the US to point the finger at Iran.
Following recent attacks on two oil tankers, Euronews looks into the significance of such an incident on the gateway to the global oil industry.
Iran has categorically rejected claims that the country is behind the attacks on two oil tankers yesterday - saying they are responsible for maintaining the security of the Strait of Hormuz where the incidents took place. But its version of events is strongly disputed by the U.S.
When the internationally-recognized Government of National Accord (GNA) was formed in Libya in December 2015, it was facing an enormous amount of work to restore the country’s social fabric and rebuild its devastated economic structures.
Saudi Arabia’s King Salman has called for international action to stop "escalations" in Iran following attacks on Gulf oil assets.
Turkish Minister for Foreign Affairs writes letter to EU in which he claims drilling off the coast of Cyprus is Turkey's "sovereign right"
President Donald Trump said reports the United States is preparing for war with Iran were “fake news".
Saudi Arabia said on Monday that two of its oil tankers were among vessels targeted by a “sabotage attack” near Fujairah port in the United Arab Emirates, claiming it as an aggression towards the security of global crude supplies.
The United States is expected to announce the end of waivers to countries who currently buy oil from Iran. China has responded to the US threat saying bilateral cooperation with Iran is 'in accordance with the law'.
After failing to attend the first hearing about climate change denial, US oil company ExxonMobil faces the possibility of losing lobbying privileges in the EU Parliament.
Bulgarian authorities have launched an investigation into suspected money laundering after blocking millions of euros of transfers from Venezuela's state-run oil company PDVSA to a local bank.
The United States has imposed sanctions on Venezuelan state-owned oil firm PDVSA, White House national security adviser John Bolton has said.
The explosion was caused by illegal taps in the pipeline, authorities said.
Qatar, which will withdraw from OPEC in January 2019, is the first Gulf country to leave the bloc of oil-producing nations
Petrol pumps across Europe are set to change their names on Friday in a European Union bid to make the labelling system easier.
The collision has left a trail of pollution four kilometres long and several hundred metres wide.
Nearly 2,000 people are evacuated from nearby homes as a fire engulfs the Bayernoil facility
The Iranian government says French oil company Total has withdrawn from the country over the threat of U.S. sanctions
A two-century old cosmetics officine gives away a few well-kept beauty secrets.
Environmentalists in Sakhalin said it's possible the entire population of herring in the area of Piltun Bay has been wiped out.
The CEO of oil giant ADNOC spoke to Euronews about plans to increase investment on downstream oil market
The mayor of the town said most of the population had to be evacuated as thick, black and noxious smoke billowed out of the refinery.
In this edition of the Brief from Brussels: A critical report’s published on Hungary’s rule of law and fundamental rights, but divisions remain over