Possible Ship Hijack Near Iran Ends as Mideast Tensions Run High
A suspected hijacking of a vessel near Iran has ended, the British Navy said Wednesday, days after a deadly drone attack on a tanker in the same area that the U.S and Continue Reading
OPEC+ leaves Iran behind as it starts hiking crude oil production
Highlights Easing OPEC+ quotas squeeze Iran’s market share Iran’s oil hopes rest on stalled nuclear deal talks New Iranian president will be inaugurated Aug. 5 Iranian President-elect Ebrahim Raisi takes Continue Reading
Saudi crown prince Mohammed strips religious leaders of powers
In May, the Saudi government barred the use of loudspeakers to amplify prayers and sermons at mosques and ordered that the volume of the traditional call to prayer, which has Continue Reading
Iran Uses Iraq To Tie Lebanon Into Massive Power Plan
Iran has spent a lot of its time, money, and lives of its direct and proxy military forces in building up its influence across the Shia Crescent of power in Continue Reading
U.S., Israel, U.K. Vow Action Against Iran on Tanker Attack
The U.S., Israel and the U.K. all vowed to respond to a deadly drone attack on an Israeli-linked tanker last week in a major waterway for global oil shipments that Continue Reading
Incoming Iran president says he will take steps to lift ‘tyrannical’ U.S. sanctions
Iran’s hardline incoming president Ebrahim Raisi said on Tuesday he will take steps to lift “tyrannical” sanctions imposed by the United States, after winning the formal endorsement of the country’s Continue Reading
July oil exports and revenues climb
With OPEC-plus pressure easing, Iraq increased exports slightly in July while higher oil prices drove monthly revenues to a 19-month high. A worker adjusts the valve of an oil pipe Continue Reading
Riding the oil price rebound: Gulf states to accelerate asset sales
Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy Continue Reading
Iran denies involvement in oil tanker attack off Oman coast as Israel, US consider options
Highlights Vessel Mercer Street targeted by armed drone on July 29 Attack killed two crew members amid heightened risk in Gulf Israel, US are considering ‘appropriate next steps’ Tehran — Continue Reading
Oil tanker attacked off Oman in Arabian Sea
An attack Thursday on an oil tanker managed by an Israeli-owned company killed two members of the crew when the vessel was apparently struck by an explosive drone, the ship’s Continue Reading