The U.S. Treasury Department said on Thursday it will allow for a 90-day period to wind down transactions in certain sectors of Iran’s economy hit with fresh U.S. sanctions last Continue Reading
Prices of consumer goods in Iran, including food, have risen sharply in the past few years as the country faces sanctions from the United States and its allies. The Trump Continue Reading
Just as Iraq has increased its crude oil production and export capacity over the past decade, the recent flare-up of tensions in the Middle East suggest that OPEC’s second-largest oil Continue Reading
The US and Iran seem to be have stepped back from the brink of armed conflict, at least for now, but many oil and gas companies nevertheless face serious decisions Continue Reading
Iraq is a “potentially vulnerable” oil supplier and heightened security concerns about OPEC’s second-biggest crude producer could make it more difficult to ensure sufficient spare production capacity, the International Energy Continue Reading
Highlights OPEC’s number two is growing in strategic importance Iraq pumping around 4.6 million b/d Security concerns continue to threaten key projects Dubai — Iraq is a “potentially vulnerable” oil Continue Reading
Footage from a human rights advocacy group appeared to show police firing tear gas at protesters in Tehran. WSJ’s Sune Rasmussen explains why some Iranians took to the streets after Continue Reading
Iran’s auto production has declined on the back of difficulty in sourcing parts, according to Fars News Agency. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
With tweets of solidarity in Farsi and technological tools to circumvent internet shutdowns, U.S. President Donald Trump might be close to exhausting his options to support Iranian protesters rising up Continue Reading
Iraq’s caretaker Prime Minister Adel Abdul-Mahdi indicated he would leave a decision whether to expel U.S. forces from the country to his successor, potentially slowing a push that could trigger Continue Reading
Abu Mahdi al-Muhandis, one of the most powerful militia commanders in Iraq, was killed in the same US air strike that eliminated the Iranian spymaster Qassem Soleimani and pushed Washington Continue Reading
It sounds counterintuitive and counterlogical, but there is a possibility that if the current government of Iran is toppled, crude oil prices could drop to $40 a barrel. That’s according Continue Reading
OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a Continue Reading
With tensions in the Middle East high, I have fielded a number of queries on how this might impact the world’s oil markets. Today I want to explore that issue. Continue Reading
The Trump administration’s threat to impose auto tariffs on Europeans if they failed to call out Iran on nuclear deal underscores the tumult in the transatlantic relationship. (Saul Loeb/AFP/Getty Images) Continue Reading
Iranian President Hassan Rouhani dismissed on Wednesday a proposal for a new “Trump deal” aimed at resolving a nuclear row, saying it was a “strange” offer and criticizing U.S. President Continue Reading
Britain, France and Germany on Tuesday formally accused Iran of violating the terms of its 2015 agreement to curb its nuclear programme, a step by the three powers that could Continue Reading
Britain, France and Germany on Tuesday formally accused Iran of breaking the 2015 agreement that limited its nuclear program, taking the first step toward reimposing United Nations sanctions. The European Continue Reading
Energy transitions “take decades, even centuries” to complete, the chairman of the world’s largest oil company, Saudi Aramco, said at a conference on Monday, adding that the industry should continue Continue Reading
Lebanese politicians are watching the economy collapse, the senior U.N. official in Lebanon said on Wednesday, rebuking a political elite that has failed to form a government as the country Continue Reading
In his more than three decades in charge of the Islamic Republic of Iran, Ayatollah Ali Khamenei has battled to consolidate power at home and expand the regime’s influence across Continue Reading
Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The U.S. Continue Reading
As always, it’s the fear of sanctions that provides the leverage Trump seeks in this cat-and-mouse game with Iran. And this time, the leverage is over Iraq, which would like Continue Reading
Two Chinese oil workers and an Iraqi security guard are in stable condition after their work transport bus was caught in the middle of a gun battle between rival tribes Continue Reading
Fresh sanction powers authorized by President Trump against Iran could squeeze the remaining trade and finance channels keeping the Iranian economy on life support by threatening those companies still doing Continue Reading
Iran is caught in a wretched economic crisis. Jobs are scarce. Prices for food and other necessities are skyrocketing. The economy is rapidly shrinking. Iranians are increasingly disgusted. Crippling sanctions imposed Continue Reading
Several people have been detained in Iran over the accidental shooting down of a Ukrainian passenger plane with a missile, the country’s judiciary says. pokesman Gholamhossein Esmaili said investigations into Continue Reading
Protesters denouncing Iran’s clerical rulers took to the streets and riot police deployed to face them on Monday, in a third day of demonstrations after authorities acknowledged mistakenly shooting down Continue Reading
Turkey will not refrain from “teaching a lesson” to Khalifa Haftar, the commander of eastern Libyan forces, if they continue attacks against the country’s internationally recognized government, President Tayyip Erdogan Continue Reading
US officials are working behind the scenes to get Chinese independent refiners to stop importing roughly 200,000 b/d of crude oil and condensate from Iran, in violation of US sanctions, Continue Reading
Are we on the brink of war? It seems the answer could be yes as the United States and Iran trade attacks and counterattacks in the wake of the U.S. Continue Reading
A diplomatic crisis between Iraq and the U.S. is raising uncertainty and concern among Iraqi security officials responsible for beating back an ongoing insurgency being prosecuted by the self-proclaimed Islamic Continue Reading
Arash Khamooshi for The New York Times A top Iranian military commander made a rare public appeal for forgiveness on Sunday as security forces fired on protesters and outrage over Continue Reading
Iran’s police said on Monday officers had not fired at protesters demonstrating over Tehran’s admission that it shot down a passenger plane, as video on social media recorded gunshots and Continue Reading
The Trump administration warned Iraq this week that it risks losing access to a critical government bank account if Baghdad kicks out American forces following the U.S. airstrike that killed a Continue Reading
State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) Continue Reading
After a week of extreme turmoil in the Middle East, due to the killing of Iranian IRGC leader Soleimani , Iran’s 2 nd in command, and the Iranian missile retaliation Continue Reading
The US is committed to Middle East political stability, the Trump Administration’s top energy diplomat told S&P Global Platts, with robust American oil production tamping down market volatility and close Continue Reading
The global energy transition will need decades to develop and various paths taken will occur at different speeds, the chairman of Saudi Aramco said Monday. “A short-sighted narrative on the Continue Reading
Saudi energy minister Prince Abdulaziz bin Salman pledged on Monday to help ensure the stability of the global oil market amid rising tensions in the Middle East following the US Continue Reading
Highlights US still relies on oil imports from Middle East, OPEC Saudi Arabia is second-largest import source for US Security of Iraq’s oil industry is a concern The US still Continue Reading
The walls of the American Embassy in Baghdad were still on fire and members of pro-Iranian armed groups were chanting threats outside when Iraq’s prime minister tried to explain the Continue Reading
China and the US are expected to sign phase one of their trade deal Wednesday at the White House, with the timing potentially complicated by increased US sanctions pressure on Continue Reading
The US on Friday announced new sanctions against Iranian officials and the country’s construction, manufacturing, textiles and mining sectors in response to Iranian strikes on US bases in Iraq on Continue Reading
Iran said on Saturday its military had mistakenly shot down a Ukrainian plane killing all 176 aboard, saying air defenses were fired in error while on high alert in the Continue Reading
The United States imposed more sanctions on Iran on Friday in retaliation for its missile attack on U.S. forces in Iraq this week and vowed to tighten the economic screws Continue Reading
“Deterrence is the art of producing in the mind of the enemy the fear … to attack,” said Dr Strangelove in the classic cold war movie. Some of Donald Trump’s Continue Reading
The Trump administration refused again Friday to recognize Iraq’s call to withdraw all U.S. troops, saying that any discussion with Baghdad would center on whatever force size the United States Continue Reading
A cyberattack with a data-wiping malware originating in Iran hit Bahrain’s oil company Bapco in late December, ZDNet reports , citing unnamed sources. According to the report, the attack only Continue Reading
Washington on Friday spurned an Iraqi request to prepare to pull out its troops, amid heightened U.S.-Iranian tensions after the U.S. killing of an Iranian commander in Baghdad, and said Continue Reading
