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
Saudi Arabia’s oil output may edge up in June, sources familiar with the kingdom’s policy said, but the extra crude may be used for domestic power generation rather than providing Continue Reading
Iraq’s crude exports remained steady from March to April, as the federal government and the autonomous Kurdistan Regional Government (KRG) combined for oil sales of 3.858 million barrels per day 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
