When times were good, customers at Arash’s tea house in southern Tehran would smoke two hookahs a day, each flavoured water pipe costing them 80,000 rials, or just under $2. But Continue Reading
Returning from the United Nations General Assembly in New York, Turkish President Tayyip Erdogan told reporters Friday that it remains “impossible” for Turkey to halt its oil and gas purchases Continue Reading
Iran’s oil minister told the petroleum industry on Sunday to be on alert to physical and cyber attacks, amid heightened tensions with the United States in the Gulf region. U.S. Continue Reading
Saudi crown prince: Oil attack “hit the heart of the global energy industry” Saudi crown prince: Oil attack “hit the heart of the global energy industry” Saudi Arabia’s crown prince Continue Reading
Yossef Bodansky, the Director of Research at the International Strategic Studies Association (ISSA) and Senior Editor of Defense & Foreign Affairs publications (including the Global… There was little doubt by Continue Reading
Two days after Iran said that the detained UK-flagged oil tanker was “free to leave Iran,” officials in the Islamic Republic said on Wednesday that the detention order had been Continue Reading
The Trump administration’s plan to rally global naval powers to protect shipping lanes in the Persian Gulf is not progressing very well. After President Trump pulled back from a military Continue Reading
The top court in Brazil overturned a lower-court injunction and ordered Brazil’s state energy firm Petrobras to provide fuel to two Iran-flagged vessels containing grain that have been stuck at Continue Reading
Iran is ready for “just” negotiations but not if they mean surrender, Iran’s President Hassan Rouhani said on Wednesday, without saying what talks he had in mind. Rouhani seemed to Continue Reading
The Iranian National Guard Corps is claiming that is has seized a British oil tanker for violating International maritime law, according to a developing report carried by PressTV . The Continue Reading
The Iranian National Guard Corps is claiming that is has seized a British oil tanker for violating International maritime law, according to a developing report carried by PressTV . The Continue Reading
Highlights Stena Impero chemical tanker seized, VLCC Mesdar released Iran’s IRGC says it seized Stena Bulk for shipping violation: state TV UK foreign secretary ‘extremely concerned’ by incidents Washington — Continue Reading
The increased use of drones by Iran and its allies for surveillance and attacks across the Middle East is raising alarms in Washington. he United States believes that Iran-linked militia Continue Reading
Facing vigorously enforced U.S. sanctions directed principally on oil, Iran is focussing on the less targeted strategic areas in its hydrocarbons business, notably continuing to develop its gas sector and Continue Reading
The U.S. intelligence increasingly believes that a United Arab Emirates (UAE) tanker may have been forced into Iranian waters by naval forces of Iran’s Islamic Revolutionary Guard Corps (IRGC), CNN Continue Reading
The UK will facilitate the release of the Iranian oil tanker detained by Gibraltar earlier this month if Iran gave guarantees that the crude loaded on that vessel wasn’t bound Continue Reading
Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once U.S. forces engaged, said U.S. consultancy Rapidan, which analyzed Continue Reading
Amid escalating UK-Iran tensions in the Middle East, the UK is deploying a second warship to the Persian Gulf to operate for a brief time alongside the ship that fended Continue Reading
In a tweet, British Foreign Secretary Jeremy Hunt offered to return the tanker provided that Iran guaranteed its oil wouldn’t go to Syria. Gibraltar on Saturday freed the four Indian Continue Reading
The U.S. State Department has threatened China with sanctions because of its continued imports of Iranian oil—a move that was only to be expected but hardly the wisest one amid Continue Reading
On Thursday, a British-flagged tanker transited the Strait of Hormuz under naval escort, while another vessel off the coast of Saudi Arabia delayed crude-loading and appeared to await an escort, Continue Reading
US views Chinese imports as weakening ‘maximum pressure’ China importing an estimated 150,000-200,000 b/d of Iranian crude The US will sanction China if it continues to import Iranian crude in Continue Reading
Iran called on Britain on Friday to immediately release an oil tanker that British Royal Marines seized last week on suspicion it was breaking European sanctions by taking oil to Continue Reading
The Asian Suezmax market was watching developments cautiously Thursday after oil major BP’s tanker, the British Heritage, was allegedly approached by Iranian vessels in the Persian Gulf. Receive daily email Continue Reading
President Trump made fresh threats to ramp up U.S. sanctions against Iran for stepping up its enrichment of uranium, tweeting that America’s response “will soon be increased, substantially.” His comments Continue Reading
The United States on Wednesday accused Iran of “nuclear extortion” and threatened further sanctions against Tehran, which has begun stockpiling and enriching uranium beyond the limits set in the 2015 Continue Reading
Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC Continue Reading
As the U.S. looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing Continue Reading
Iran will offer oil futures to interested foreign parties at pre-determined rates, the Tehran Times reported on Wednesday, citing Iranian VP Es’haq Jahangiri , despite US sanctions that have restricted Continue Reading
Iran’s military warned it would retaliate in response to the seizure of one of its tankers by British forces in Gibraltar last week, while several European foreign ministers urged Tehran Continue Reading
Egypt seized a Ukrainian oil tanker carrying Iranian crude while it was crossing the Suez Canal ten days ago, according to a report from Arab news outlet Al-Araby Al-Jadeed carried Continue Reading
Iran’s ‘misery index’—an informal measure of an economy that adds inflation to the unemployment rate—more than doubled this past winter, jumping to 39 percent from 19.4 percent in the previous Continue Reading
Iran’s decision to further challenge the United States by boosting its uranium enrichment beyond limits in its 2015 nuclear deal has deepened fears among Iranians that their country will remain Continue Reading
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Continue Reading
Iran threatened on Monday to restart deactivated centrifuges and ramp up enrichment of uranium to 20% purity in a move away from the 2015 nuclear deal, but the head of Continue Reading
As tensions between the U.S. and Iran rise, a series of incidents has put a strategic maritime waterway back into the spotlight: The Strait of Hormuz. WSJ’s John Simons explains. Continue Reading
The Trump administration refrained from a military strike last month, but the U.S. and Iran’s cycle of escalation continues. Iran announced its latest plans to reduce its commitment to the Continue Reading
The Government of Gibraltar has confirmed that the Iranian supertanker allegedly on its way to Syria was fully laden with 2 million barrels of crude oil, Reuters reported on Monday. Continue Reading
Tankers are shunning the port of Fujairah in the UAE, the main refueling hub of the Middle East, following the two attacks involving tankers in the area in the past Continue Reading
A blackout struck a major Venezuelan oil refinery, crippling operations at a time when oil production had appeared to be stabilizing. It’s been an odd few months for Venezuela, where Continue Reading
Iran’s Oil Minister Bijan Zanganeh said on Sunday that he was very hopeful of an improvement in the country’s crude exports, state TV reported, in spite of tightened U.S. sanctions Continue Reading
Tanker Ships on May 15 Position Route Countries Visited Most tankers that left the Persian Gulf from May 15 to June 15 were headed to ports in Asia. Source: MarineTraffic Continue Reading
Iran has passed the 3.67% uranium enrichment cap set by its landmark 2015 nuclear deal and may enrich at even higher levels, the spokesman for Iran’s Atomic Energy Organisation, Behrouz Continue Reading
Britain’s seizing of an Iranian oil tanker last week was a threatening act that will not be tolerated, Iran’s Defence Minister Amir Hatami said on Monday in a speech broadcast Continue Reading
The possibility of Iran attempting to close the Strait of Hormuz to tanker traffic has increased significantly in recent weeks, as has the possibility of a Persian Gulf War, especially Continue Reading
An Iranian Revolutionary Guards commander threatened on Friday to seize a British ship in retaliation for the capture of an Iranian supertanker by Royal Marines in Gibraltar. A “If Britain Continue Reading
Britain should be “scared” about Tehran’s possible retaliation for the capture of an Iranian supertanker by Royal Marines in Gibraltar, the Fars semi-official news agency on Saturday reported an Iranian Continue Reading
Iran is prepared to begin enriching uranium beyond the limits set by the nuclear deal it struck with world powers, a top aide to Supreme Leader Ali Khamenei said, ahead Continue Reading
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Continue Reading
Germany is working hard to reach the point where the first transactions can be carried out under a special trade channel being set up to enable trade between Iran and Continue Reading
