Can Iran Circumvent U.S. Sanctions?
On August 6th, the first batch of sanctions against the Islamic Republic will go into effect. This includes sanctions on the acquisition of US dollar banknotes by Iran’s government, sanctions Continue Reading
Indian Refiner Cancels Iranian Oil Shipment As Insurance Won’t Cover Cargo
Hindustan Petroleum has cancelled a crude oil shipment from Iran after its insurer refused to provide coverage for the cargo on concern about U.S. sanctions, Reuters reports , citing three Continue Reading
Electricity service collapses as protests reignite
A shut-down of transmission lines left millions without power for hours, reinforcing the grievances of a protest movement that has caused minor disruptions at oil sites. Protesters prepare to burn Continue Reading
Saudi Aramco Weighing Global Bond Sale for First Time
If Aramco goes ahead with an international bond, the sale would force it to disclose its accounts to investors for the 1st time since nationalization 4 decades ago. (Bloomberg) — Continue Reading
U.S. oil threats against Iran can be easily answered: Revolutionary Guards
United States threats to throttle Iran’s international oil trade can be easily answered, the head of the elite Revolutionary Guards said on Wednesday, according to the Tasnim news agency. U.S Continue Reading
Are Oil Markets Underestimating Iran’s Threats?
Iranian officials have suggested that they could shut the Strait of Hormuz if the U.S. moved to completely disrupt Iranian oil exports, a dire scenario that would present a supply Continue Reading
The Most Important Waterway In The Oil World
Tensions between the United States and Iran continue to rise, with U.S. President Donald S. Trump issuing a threatening tweet against Iran’s President Hassan Rouhani amidst preparations to re-impose sanctions Continue Reading
Before turbulent election day, Iraq ignored key warnings
As Iraq suffers a crisis of public confidence in its May 12 election results, evidence shows the election commission failed to act on detailed UN warnings about serious problems. Iraq’s Continue Reading
Saudi Arabia suspends oil exports through Bab El-Mandeb after Houthi attack
Saudi Arabia’s Energy Minister Khalid al-Falih said on Thursday that the world’s top exporter was “temporarily halting” all oil shipments through Bab El-Mandeb strait immediately, after an earlier attack on Continue Reading
Houthi attack damages Saudi ship off Yemen’s coast
Yemen’s Houthis attacked a Saudi oil tanker in the Red Sea, causing slight damage, an Arab coalition said on Wednesday, after the Houthis reported targeting a Saudi warship in the Continue Reading