President Donald Trump is expected to pull the United States out of the Iran nuclear agreement on May 12. Tehran signed the Joint Comprehensive Plan of Action, with China, France, Continue Reading
Tensions are skyrocketing after Israeli Prime Minister Netanyahu’s claim that Iran has violated the Joint Comprehensive Plan of Action (JCPOA) agreement. This is the deal that was meant to shut Continue Reading
Saying the United States is likely to walk away from a U.N.-backed nuclear agreement next week, OPEC-member Iran said it was making budget preparations. U.S. President Donald Trump needs to Continue Reading
Saying the United States is likely to walk away from a U.N.-backed nuclear agreement next week, OPEC-member Iran said it was making budget preparations. U.S. President Donald Trump needs to Continue Reading
U.S. President Donald Trump has all but decided to withdraw from the 2015 Iran nuclear accord by May 12 but exactly how he will do so remains unclear, two White Continue Reading
If Iranian oil and gas resources were flowing more extensively through the global market, it wouldn’t be the target of Western ire, an Iranian director said. Iranian Oil Minister Bijan Continue Reading
Iran’s crude oil exports reached a record 2.617 million bpd in April, according to its oil ministry’s news service Shana—the highest level since Iran signed the nuclear deal with global Continue Reading
When Iran’s deputy oil minister toured the hulking steel facility that is the Islamic republic’s largest oil refinery, he was delivering a deliberately defiant message: even if Donald Trump reimposes Continue Reading
Israeli prime minister says Iran is lying ‘big time’ France, Iran pledge joint effort to preserve the accord Crude rose after Israeli intelligence about Iranian nuclear ambitions heightened concern an Continue Reading
The deadline for President Trump to re-certify the Iran nuclear deal and issue a waiver for sanctions is less than two weeks away. All signs point to President Trump declining Continue Reading
Israeli Prime minister Benjamin Netanyahu speaks during a news conference at the Ministry of Defense in Tel Aviv, Israel April 30, 2018. Prime Minister Benjamin Netanyahu revealed a cache of Continue Reading
Israeli Prime Minister Benjamin Netanyahu stepped up pressure on the United States to pull out of a 2015 nuclear deal with Iran, holding a primetime address on Israeli TV to Continue Reading
New Secretary of State Mike Pompeo tantalized U.S. allies meeting here on Friday by keeping the door open to preserving the Iran nuclear deal, but said absent “a substantial fix” Continue Reading
Jerry Flory hates it when the price of oil goes up. The co-owner of Flory’s, a small, family chain of petrol stations and convenience stores about 40 miles north of Continue Reading
Renewed uncertainty over a deal that lets Iranian crude oil flow through the market helped trigger a strong rally in crude oil prices on Thursday. The price of oil moved Continue Reading
The two leaders hugged and kissed quite a bit during the French President’s visit to Washington, and the oil market took notice when President Trump voiced some “flexibility” regarding a Continue Reading
French President Emmanuel Macron said it was his “bet” that President Donald Trump would withdraw the U.S. from the Iran nuclear deal, a move he said would lead to a Continue Reading
Iran’s supreme leader called on Muslim nations to unite against the United States, state television reported on Thursday, saying Tehran would never yield to its arch foe’s “bullying”. Iran’s Supreme Continue Reading
U.S. president may quit accord ‘for domestic reasons’: Macron Trump has set May 12 deadline for strengthening nuclear accord French President Emmanuel Macron said he thinks U.S. President Donald Trump Continue Reading
After hinting at a possible free-trade agreement between the two oil-rich countries, a Russian delegation said it was in Iran to explore the future for imports. Russian Prime Minister Dmitry Continue Reading
Extending the OPEC cuts beyond their current expiry date at the end of 2018 would seem unnecessary if oil prices keep rising, Iran’s Oil Minister Bijan Zangeneh told the Iranian Continue Reading
Oil prices slipped on Tuesday as concerns that the United States might reinstate sanctions against Iran faded somewhat, alleviating worries about the future of Iranian exports. U.S. President Donald Trump Continue Reading
Global benchmark Brent crude turned positive in volatile trade on Monday as it jockeyed between downward pressure after Iran dashed hopes that OPEC would extend its production cap pact and Continue Reading
The headquaters of the Central Bank of the Islamic Republic of Iran, in Tehran [file photo] Iran’s feud with the US is set to get worse after Tehran announced yesterday Continue Reading
Russian Prime Minister Dmitry Medvedev signs an interim agreement that sets up a free-trade agreement with Iran. Both countries are facing increased U.S. economic pressures. Photo by Yuri Gripas/UPI April Continue Reading
The fate of the Iran nuclear deal could be sealed this week as the leaders of France and Germany visit Washington and make a last-ditch effort to persuade US President Continue Reading
Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part Continue Reading
European leaders are exploring further sanctions on Iran over its ballistic missile programme and regional meddling, as well as more extensive inspection of its atomic sites as they try to Continue Reading
Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part Continue Reading
Russia and Iran have launched an oil-for-goods exchange program seeking to eliminate bilateral payments in U.S. dollars and plan to keep it going for five years, RT reports citing Energy Continue Reading
Israel faces a harsh new world as Syria’s civil war winds down: while Iran remains far away, the Iranian threat now is next door. There are several hundred miles and Continue Reading
Iranian Minister for Oil Bijan Zanganeh sees the relationship with Russia blossoming as both countries face increasing economic pressure from the United States. File Photo by Maryam Rahmanian/UPI April 18 Continue Reading
Israeli soldiers taking part in a training session last week in the Golan Heights. SYRIA-ISRAEL BORDER, Golan Heights — Ever since the Iranian Islamic Revolution in 1979, Iran and Israel Continue Reading
Oil investors are taking no chances that Iran’s nuclear deal with Western powers will remain intact next month. FILE PHOTO: A worker checks the valve of an oil pipe at Continue Reading
European Union diplomats said there is growing support for imposing new sanctions on Iran as they seek to persuade President Donald Trump to stick by the 2015 nuclear deal between Tehran and Continue Reading
The Hashd al-Shaabi paramilitary organization in Iraq is smuggling crude from fields around Kirkuk to Iran, an Iraqi MP told Kurdistan 24, a local news outlet. The Shia organization is Continue Reading
Iranian President Hassan Rouhani has already been dealing with a restless population, after years of disappointing economic performance following incredibly high expectations of rewards from the 2015 nuclear deal. The Continue Reading
Iran is threatening to restart its controversial nuclear enrichment program, as the head of the Islamic Republic’s Atomic Energy Organization (AEOI) revealed on Sunday that they have maintained the ability Continue Reading
As the U.S. president mulls the fate of a deal that curbed Iran’s nuclear ambitions, the OPEC member’s president said Monday the program is accelerating. “Our nuclear industry is moving Continue Reading
A data analytics firm expects Iranian crude oil production will increase over the next few years, even as the country faces looming sanctions pressures. File Photo by tcly/Shutterstock April 6 Continue Reading
As the U.S. moves closer to pulling out of the Iran nuclear deal and re-imposing sanctions, Iran could see some of the recent progress in its energy industry being rolled Continue Reading
Russian energy companies could spend as much as US$50 billion on oil and gas exploration in Iran, a presidential aide told media. Yuri Ushakov said companies including Rosneft, Gazprom, Gazprom Continue Reading
Tensions between Iran and Saudi Arabia triggered doubts about the success of the OPEC+ oil production cut deal two years ago when it was first being hatched. Now, with the Continue Reading
President Donald Trump’s decision Thursday to name John R. Bolton as his new national security adviser greatly increased the likelihood of a US exit from the Iran nuclear deal next Continue Reading
Iran has drastically cut its gasoline imports in recent weeks as it started the second phase of an oil refinery, moving closer to reaching gasoline independence, Reuters reported on Wednesday, Continue Reading
Total CEO Patrick Pouyanne said on Sunday that the French oil and gas company would seek a waiver to continue the development of an Iranian gas field should the United Continue Reading
Iran has nearly doubled gas production at South Pars, the world’s largest gas field, in the past year, Iranian President Hassan Rouhani said Sunday, according to state media. Iranian Gas Continue Reading
The next leader of Saudi Arabia says his country would quickly obtain a nuclear bomb if arch rival Iran successfully develops its own nuclear weapon. Crown Prince Mohammed bin Salman Continue Reading
An expected, aggressive turn in US foreign policy led by incoming Secretary of State Mike Pompeo could trigger a loss of up to 1.4 million b/d in global crude supply Continue Reading
President Donald Trump’s decision to replace his secretary of state with a more hawkish figure should have been bullish for oil prices since it increases the probability the nuclear deal Continue Reading
