Iran plans to start offering oil-backed securities to its citizens, President Hassan Rouhani said on Wednesday, as part of the government’s efforts to boost state coffers hit by U.S. sanctions Continue Reading
Iranian forces boarded a small tanker in international waters for several hours, serving the world a reminder of tensions in the region that flared up last year and embroiled merchant Continue Reading
President Emmanuel Macron ordered French forces to the Eastern Mediterranean to provide military assistance to Greece, raising the stakes in France’s growing regional confrontation against an increasingly assertive Turkey. France’s Continue Reading
Turkish President Recep Tayyip Erdogan alleged on Thursday that its oil and gas exploration vessel, the Oruç Reis, has come under attack, according to Turkish state media , in what Continue Reading
Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source Continue Reading
Negotiators from Iraq’s federal government and semi-autonomous Kurdistan Regional Government (KRG) are seeking a breakthrough revenue-sharing deal by pursuing a compromise on long-standing disputes over border crossings — a shift Continue Reading
This city roars in the summertime. You hear the generators on every street, shaking and shuddering to keep electric fans whirring as the air seems to shimmer in the heat. Iraq Continue Reading
Saudi Arabia’s oil giant Aramco is considering additional cuts to its capital expenditure (capex) in order to be able to pay its massive dividends, the Financial Times reported on Wednesday, Continue Reading
Saudis staying home for vacation because of the COVID-19 pandemic are helping to boost demand for gasoline in Fujairah, where motor fuel exports jumped to a two-year high in July, Continue Reading
Stockpiles of oil products at Fujairah on the UAE’s east coast continued to decline for the seventh week in a row, further eroding inventories that had climbed to a record Continue Reading
