The attacks, which the U.S. blamed on Iran but Tehran has denied, have exposed vulnerabilities in the vital trade route, the Saudi official said. Gulf states are struggling to mount Continue Reading
Europe and Russia on Friday urged caution over the explosions on two oil tankers in the Gulf of Oman as Donald Trump accused Iran of attacking the vessels, further heightening Continue Reading
The owner of a Japanese tanker attacked in the Gulf of Oman offered a different account Friday of the nature of the attack than that provided by the United States. Continue Reading
PRESIDENT TRUMP has recklessly navigated himself into a corner in the Persian Gulf. Though he campaigned against Middle East wars and has repeatedly said he does not want one with Continue Reading
If Iran tried and closed the critical oil shipping lane in the Middle East, the Strait of Hormuz, “it’s not going to be closed for long,” U.S. President Donald Trump Continue Reading
The Strait of Hormuz, sometimes described as the world’s most important oil chokepoint , is a gateway for almost a third of all crude oil and other petroleum products carried Continue Reading
An alleged attack Thursday on two oil tankers near the Strait of Hormuz may increase levels of risk in the Middle East’s key crude supply and shipping artery. The Front Altair Continue Reading
Iran said on Friday it was responsible for maintaining the security of the Strait of Hormuz in the Gulf, state radio reported, adding that blaming Tehran for attacks on two Continue Reading
An attack by an unknown party on two oil tankers in the Gulf of Oman has put the Arabian/Persian Gulf region on edge. After the possible Iranian attack on three vessels Continue Reading
Underlying the one-year anniversary in mid-August of the signing of the ‘Convention on the Legal Status of the Caspian Sea’ is one of the greatest oil industry swindles in recent Continue Reading
China’s Sinopec plans to substitute Iranian crude with that of grades from Saudi Arabia and other origins in the Persian Gulf, even as scope of more purchases from the US Continue Reading
Two oil tankers were hit in suspected attacks in the Gulf of Oman and the crews have been evacuated, shipping firms and industry sources said on Thursday, a month after Continue Reading
Two oil tankers were hit in suspected attacks in the Gulf of Oman and the crews have been evacuated, shipping firms and industry sources said on Thursday, a month after Continue Reading
Bermuda-based shipping firm Frontline Ltd said one of its vessels, Front Altair, was currently on fire in the Gulf of Oman and its crew had been safely evacuated from the Continue Reading
Oil tankers came under attack on Thursday in the Gulf of Oman, the Iranian news media and a shipping industry official said on Thursday, a month after four tankers were Continue Reading
Iran is considering revising its financial and budgetary policies to remove oil income from them as a means to “counter Washington’s economic sanctions that constitute a case of terrorism,” Iran’s Continue Reading
Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales, Iranian and international industry sources said, but now risks losing Continue Reading
Iran’s oil exports will greatly depend on how China will proceed with its crude oil imports from the Islamic Republic, if at all, after the U.S. removed all sanction waivers Continue Reading
Iran said last month that it would quadruple its production of low-enriched uranium The head of the global nuclear watchdog has confirmed Iran is increasing its production of enriched uranium. Continue Reading
Iran has no plans to leave the Organization of the Petroleum Exporting Countries, Oil Minister Bijan Zanganeh said in an interview published by the Iranian parliament news site ICANA on Continue Reading
The United States sanctioned Iran’s largest petrochemical holding group on Friday for supporting the Islamic Revolutionary Guard Corps (IRGC), a step it said aimed to dry up revenues to the Continue Reading
Rosneft CEO Igor Sechin said Thursday that Iran’s oil output may fall by a further 10%-20% by the end of 2020, as US sanctions against it continue to hit production. Continue Reading
The United Arab Emirates said Thursday that special forces from a hostile nation likely carried out coordinated attacks last month on four ships near the Strait of Hormuz, but stopped Continue Reading
The Saudi oil tanker Al-Marzoqah was one of the ships damaged The United Arab Emirates has told the UN Security Council a “state actor” was most likely behind attacks on Continue Reading
Given that the immediate focus of U.S. sanctions on Iran is the nation’s oil sector, the Islamic Republic is concentrating on pushing its already significant petrochemicals capabilities to generate much-needed Continue Reading
A fire broke out at Iran’s largest container shipping port, setting off explosions as oil products perpetuated the blaze, according to the Islamic Republic News Agency. The fire broke out Continue Reading
The United States will present in coming days evidence of Iranian involvement in last month’s sabotage of four oil tankers off the coast of the United Arab Emirates (UAE), including Continue Reading
The Trump administration is attempting to dial down the tension with Iran, lowering the risk of military conflict and pushing for diplomatic negotiations. On Sunday, U.S. Secretary of State Mike Continue Reading
U.S. military vessels in the Gulf are within range of Iranian missiles, a top military aide to Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday, warning any clash between Continue Reading
The Trump administration has delayed new, tougher sanctions on Iran’s petrochemical sector, said people familiar with the matter, as it seeks to dial back tensions that have threatened to spiral Continue Reading
The United States will sanction any country that tries to buy Iranian oil after the sanction waivers expired on May 2, regardless of whether said country had reached its negotiated Continue Reading
Iranians have been growing increasingly anxious amid threats of military action by the Trump administration but say they are already struggling with daily life in a war economy regardless of Continue Reading
With tensions rising between Iran and the U.S. in recent days, amid concerns about a potential U.S.-Iran conflict, is there a chance the two countries could talk directly? WSJ’s Gerald Continue Reading
The United States will sanction any country which buys oil from Iran after the expiration of waivers on May 2, U.S. Special Representative for Iran Brian Hook said on Thursday. Continue Reading
U.S. Secretary of State Mike Pompeo on Thursday blamed Iran for attacks on oil tankers in the Gulf, saying it was an effort by Tehran to raise the global price Continue Reading
Japan cut its Iranian crude oil imports by 51.6% month on month to 141,712 b/d in April before the expiry of US sanction waivers on May 2, according to data Continue Reading
China’s CNPC Capital, the financial arm of state energy giant China National Petroleum Corp (CNPC), said on Friday that a unit cited by a U.S. official this week as owning Continue Reading
Iran sees no prospect of negotiations with the United States, a foreign ministry spokesman said on Tuesday, a day after U.S. President Donald Trump said a deal with Tehran on Continue Reading
U.S. National Security Adviser John Bolton said on Wednesday that attacks on oil tankers off the coast of the United Arab Emirates this month were the work of “naval mines Continue Reading
The White House isn’t planning a military offensive response to a U.S. assessment that Iran was behind recent attacks on tankers off the United Arab Emirates, national security adviser John Continue Reading
U.S. President Donald Trump said on Monday a deal with Iran on its nuclear program was possible, crediting economic sanctions for curbing activities Washington has said are behind a spate Continue Reading
President Trump on Monday denied that the United States is seeking regime change in Iran, dialing back hawkish rhetoric days after ordering 1,500 additional U.S. troops to the region. Actions Continue Reading
The Pentagon has accused Iran’s Revolutionary Guard of sabotaging four vessels at the Emirati port of Fujairah that media reported earlier this month, and the reports pushed oil prices higher. Continue Reading
Iran sees no prospect of negotiations with the United States, a foreign ministry spokesman said on Tuesday, a day after U.S. President Donald Trump said a deal with Tehran on Continue Reading
Today, Iran is more stable than at this time last year. This may surprise Donald Trump’s US administration, which has imposed the toughest ever sanctions against the Islamic republic over Continue Reading
Fishermen off Fujairah, United Arab Emirates, near the Strait of Hormuz, May 30, 2012. File photo: Kamran Jebreili / AP ERBIL, Kurdistan Region – US troop deployments to the Middle Continue Reading
Iran will defend itself against any military or economic aggression, Foreign Minister Mohammad Javad Zarif said on Sunday, calling on European states to do more to preserve a nuclear agreement Continue Reading
SEOUL (Reuters) – SK Innovation, the owner of South Korea’s top refiner SK Energy and petrochemical maker SK Incheon Petrochem, has been replacing Iranian condensate with crude oil from other Continue Reading
Singapore — China’s crude oil imports from Iran hit a five-year high in April at 792,380 b/d or 3.24 million mt, before the expiry of US sanction waivers for Iranian Continue Reading
Iran will not surrender to U.S. pressure and will not abandon its goals even if it is bombed, President Hassan Rouhani said on Thursday, stepping up the war of words Continue Reading
