President Hassan Rouhani said on Sunday Iran was ready to confront the United States and its Gulf Arab allies, a day after an attack on an Iranian military parade killed Continue Reading
South Korea has bought no Iranian crude oil for about three months after the reimposition of U.S. sanctions on Tehran, a spokesman for the Iranian oil ministry was quoted as Continue Reading
Iran’s president Hassan Rouhani has accused the US of “starting a war” against the Islamic system as he prepared to visit New York in a bid to rally the UN Continue Reading
Iraq depends on Iran for more than one-third of its power generation — a major sticking point as Washington prepares to re-impose sanctions. Iraq is negotiating with the U.S. for Continue Reading
Saudi Arabia intends to raise crude production in the coming months to meet mounting customer demand, energy minister Khalid al-Falih said Sunday, rejecting criticism from US President Donald Trump that Continue Reading
Algiers — Saudi energy minister Khalid al-Falih on Sunday rejected accusations by US President Donald Trump that OPEC was keeping oil prices elevated through anti-competitive behavior. Receive daily email alerts, Continue Reading
Saudi Aramco’s planned acquisition of a majority stake in Sabic, the Saudi state-controlled chemicals and materials group, is central to its plans to diversify its revenues and prepare for tighter Continue Reading
U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices got a tepid response, with the group saying it would boost output only if customers requested Continue Reading
Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz, Iran’s Continue Reading
Gunmen fired on a military parade in southwestern Iran on Saturday, killing 24 people, half of them members of the Revolutionary Guards, state news agencies reported, in one of the Continue Reading
