Secretary of State Mike Pompeo told reporters Iran instigated attacks on two fuel tankers in the Gulf of Oman early Thursday. The attacks started fires, and crews on the vessels Continue Reading
Iran’s economy contracted by 4.9 percent in the 2018-2019 year ended in March, slipping further into recession as diminishing oil exports due to the U.S. sanctions are depriving the Islamic Continue Reading
A rocket hit a site in southern Iraq used by foreign oil companies on Wednesday, including U.S. energy giant ExxonMobil, wounding three people and threatening to further escalate U.S.-Iran tensions Continue Reading
Katyusha rockets struck two oil sites in Basra on Wednesday, raising fears that tensions between the U.S. and Iran could destabilize Iraq’s oil sector. While nobody has claimed responsibility for Continue Reading
The Trump administration Tuesday pressed other countries to step up their efforts to protect navigation through the Strait of Hormuz, while also downplaying the market impact of recent attacks on Continue Reading
“The President has been briefed on the reports of a missile strike in the Kingdom of Saudi Arabia,” White House press secretary Sarah Sanders said in a statement late Wednesday. Continue Reading
Premiums for Iraq’s Basrah Heavy crude grade fell sharply this month as Chinese demand for the grade dimmed on lower refinery run rates, traders said on Thursday. A spot tender Continue Reading
WASHINGTON — Iran threatened on Monday to accelerate its nuclear program in violation of a 2015 nuclear agreement, moving it closer to the ability to build an atomic weapon — something Continue Reading
Saudi Arabia will back an extension of OPEC curbs in the second half of the year, the kingdom’s energy minister, Khalid al-Falih, said Monday, according to news reports. When OPEC Continue Reading
Iraq is looking to draft contingency plans in case the heightened tension in the Middle East results in some kind of blockade of Iraq’s oil exports through the Persian Gulf—a Continue Reading
