Saudi Arabia’s energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added 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
Saudi Arabia is ready to start pumping more oil if the United States indeed ends the sanction waivers they granted eight Iranian oil importers last November, Reuters reports , citing 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
