The Trump administration is deploying a carrier strike group and bombers to the Middle East in response to troubling “indications and warnings” from Iran and to show the United States Continue Reading
President Hassan Rouhani said on Saturday Iran must counter U.S. sanctions by continuing to export its oil as well as boosting non-oil exports. Rouhani’s comments, carried live on Iranian TV, Continue Reading
Iranian oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by U.S. Continue Reading
Turkey will not be able to “quickly” source oil from alternate sources after the US ended the waivers previously extended to Turkey for the purchase of Iranian oil, Turkish foreign Continue Reading
Iran’s armed forces should prepare as if an attack were imminent, General Abdolrahim Mousavi instructed on Thursday just as the US waivers on Iranian crude oil sanctions expired, according to Continue Reading
India has asked the United States if it would be flexible in allowing India to continue importing Iranian crude oil despite the end of the sanction waivers on May 1, Continue Reading
The Trump administration is considering a more-aggressive enforcement of its economic sanctions on Iran—targeting more companies and financial institutions that do business with the Islamic Republic in an attempt to Continue Reading
Iran will respond if other OPEC members threaten its interests, Oil Minister Bijan Zanganeh said on Thursday amid rising pressures from Washington to bring Iranian crude sales to zero with Continue Reading
ISTANBUL (Reuters) – Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases from Iran, the Turkish foreign minister said on Thursday, a Continue Reading
The United States sharply tightened energy sanctions against Iran on Thursday, seeking to cut the Islamic Republic’s exports to zero and ushering in a new era of uncertainty for the Continue Reading
Saudi Arabia has pledged to boost oil output if needed, as the Trump administration starts banning all Iran oil exports on Thursday. But behind the scenes, Riyadh and Washington face Continue Reading
Qatar, which hosts the largest U.S. air base in the Middle East, has spoken out against Washington’s decision to block all exports of Iranian oil, saying unilateral sanctions were unwise Continue Reading
It’s no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can’t buy oil from. And in the latest example of just Continue Reading
Highlights Months-long wind down of Iranian crude purchases expected US has given no indication of sanctions leeway Debt, equity trade might be permitted Washington — The Trump administration’s push to Continue Reading
U.S. sanctions on Iran could boost oil prices and inflation to a point that hurts the common person in India, the country’s ambassador to the United States said on Tuesday Continue Reading
The biggest oil importers in Asia collectively bought 1.57 million bpd of oil from Iran in March, a 36-percent surge over February, as buyers rushed to use up the U.S. Continue Reading
U.S. President Donald Trump’s unexpected decision to ban all Iranian oil purchases after May 1 – ending exemptions for eight nations – came after hawkish economic and security advisors allayed Continue Reading
Iranian President Hassan Rouhani reiterated on Wednesday that Tehran will continue selling its oil despite U.S. sanctions and said Washington’s policy of putting pressure on Iran would fail in practice. Continue Reading
U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday. “These sanctions are an example of Continue Reading
Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens Continue Reading
Iran will continue to export oil despite U.S. pressure aimed at reducing the nation’s crude oil shipments to zero, Iran President Hassan Rouhani said in a speech broadcast live on Continue Reading
Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing the global supply of heavy-medium crude, driving up prices for scarcer barrels and Continue Reading
The United States’ intent is to apply “maximum pressure” on Iran by depriving it of $50 billion of annual revenues. Supreme Leader Ayatollah Ali Khamenei speaks at a meeting in Continue Reading
Iran said on Sunday it could quit a treaty against the spread of nuclear weapons after the United States tightens sanctions, while an Iranian general said the U.S. Navy was Continue Reading
A top Iranian military official repeated a threat to shut the Strait of Hormuz if the country’s oil shipments are blocked by US sanctions, at the same time an official Continue Reading
Two Trump administration officials said on Friday that neither a wind-down period nor a short-term waiver on China’s oil purchases from Iran are being contemplated after Washington surprised Iran’s customers Continue Reading
China and the US are in an intense standoff over Iranian crude oil, with China indicating they may continue to import those medium and heavy barrels even after a sanctions Continue Reading
Global oil markets are still adjusting to President Trump’s decision on Monday to not extend the 180-day waiver for Iranian oil imports to the country’s eight largest customers. On Thursday, Continue Reading
The U.S. sanctions imposed last November on Iran have denied the country some US$10 billion in oil revenues so far, Washington’s Special Envoy for Iran Brian Hook told media. The Continue Reading
Turkey is trying to convince the United States to allow refiner Tupras, its biggest oil importer, to continue buying crude oil from Iran free of sanctions, Foreign Ministry spokesman Hami Continue Reading
Iranian Oil Minister Bijan Zanganeh said Saudi Arabia and the United Arab Emirates overstate their oil capacities, Iran’s state news agency IRNA reported on Friday. The comments were in reaction Continue Reading
The United States must be prepared for consequences if it tries to stop Iran from selling oil and using the Strait of Hormuz, Iran’s Foreign Minister Mohammad Javad Zarif warned Continue Reading
Iran’s foreign minister said Iran would continue to sell its oil despite expanded U.S. sanctions, and warned of unspecified consequences if the U.S. tried to block oil sales that go Continue Reading
The decision taken by the US Government on April 22 to end the waivers given to countries on importing Iranian crude is likely to have limited impact on forward crude Continue Reading
Singapore — The United States believes the world oil market is well supplied to ensure supply stability, and Washington is working with both producers and importers to ensure smooth energy Continue Reading
Iraqi President Barham Salih, right, walks with visiting Iranian President Hassan Rouhani, after inspecting an honor guard at Salam Palace, Baghdad, March 11, 2019. (AP Photo/Khalid Mohammed) Iraq and Saudi Continue Reading
American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks Continue Reading
The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Continue Reading
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts. The Wall Street Journal Continue Reading
Tehran — Supreme Leader Ali Khamenei said Wednesday Iran will “not remain silent” and will respond after the US said it intends to impose “maximum economic pressure” on Tehran through Continue Reading
The Trump administration moved to broaden Iran’s economic isolation on Monday by announcing it would fully enforce sanctions that were imposed last fall and stop allowing five large nations to Continue Reading
Oil prices spiked on Monday on news that the Trump administration has opted to take a hardline on Iran, letting sanctions waivers expire at the end of the month. The Continue Reading
The Trump administration said Monday that it will start imposing sanctions on some key U.S. allies unless they stop buying oil from Iran after waivers expire next month. “If you Continue Reading
Global oil prices started the week by spiking around 3 percent on reports that Washington was preparing to announce that all buyers of Iranian oil will have to end those Continue Reading
Iran will block the world’s most important chokepoint for global oil trade, the Strait of Hormuz, if Tehran is barred from using it to export its oil, Navy Rear Admiral Continue Reading
Washington — Iran on Monday repeated its threat to shut down the Strait of Hormuz, the world’s busiest oil chokepoint, drawing a US military pledge to respond. Register Now “The Continue Reading
India hopes the U.S. will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with U.S.-India talks said Continue Reading
China imported 556,000 b/d from Iran in Q1 Receive daily email alerts, subscriber notes & personalize your experience. Register Now Analysts expect mixed compliance by Beijing Japan, South Korea seen Continue Reading
Highlights Seoul fully supports Monday’s White House decision, US foreign policies South Korean refiners capable of diversifying crude supply sources US, Qatar, Norway among many alternative condensate supply sources Seoul Continue Reading
Chinese state-run refiners are awaiting further instructions from the government regarding imports of Iranian crude, but officials and executives indicated a strong likelihood of pushback from the central government against Continue Reading
