US to buy Iranian oil for first time in 30 years
The U.S. administration waived sanctions on the purchase of Iranian oil at sea for 30 days in its latest attempt to ease oil prices that have been driven up by the U.S.-Israeli war on Iran.
Iranian Oil
US considers removing Iranian oil from sanctions lists
The US administration is prepared to remove sanctions on Iranian oil transported by sea, with this action potentially occurring as soon as this month.
Araghchi and Witkoff resume direct contacts - report
A direct communications channel between U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi has been reactivated in recent days, Axios reported citing sources.
Military targets on Iran's Kharg Island destroyed - Trump
U.S. armed forces delivered a powerful attack on military installations on the Iranian Kharg Island, U.S. President Donald Trump said.
Oil price jumps once again
Brent briefly jumped back above $100 a barrel after the Iran war led to more shipping turmoil in the Middle East and China tightened fuel export curbs.
Iran exporting oil through closed Strait of Hormuz
Iran has continued to send large amounts of crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has jeopardized broader supplies through the critical waterway.
US President doesn't rule out possibility of seizing Iranian oil
U.S. President Donald Trump left open the prospect of acquiring Iranian oil.
US concerned over Israeli strikes on Iranian fuel depots
The United States is dismayed by the scale of Israeli airstrikes on Iranian fuel depots over the weekend, marking the first notable disagreement between the two allies since the start of the war, Axios reported, citing sources.
IRGC blocking Strait of Hormuz?
A commander in Iran’s Revolutionary Guard Corps has declared that the Strait of Hormuz is closed and threatened to attack any vessel attempting to pass through, as part of Iran’s retaliation for recent bombings.
US issues new Iran-related sanctions
The U.S. Treasury Department announced a new round of sanctions targeting Iran’s individuals, entities, vessels and weapons procurement networks.
US studies possibility of capturing Iranian tankers
The U.S. administration is considering exerting pressure on Tehran by seizing tankers with Iranian oil, The Wall Street Journal reported, citing sources.
Iran announces its readiness to export oil despite US military presence
Tehran will continue exporting oil via the Persian Gulf despite the presence of US warships in the region, according to media reports.
Novak notes high volatility on oil market amid Iran situation
The OPEC+ nations have noted the high oil market volatility amid the geopolitical tensions stemming from the development around Venezuela and Iran, Russian Deputy Prime Minister Alexander Novak said.
Iran detains tanker in Strait of Hormuz
The vessel's crew consists of 16 sailors
Iran seizes oil tanker in Gulf of Oman
Iranian authorities suspect the crew of oil smuggling
U.S. detains oil large tanker off Venezuelan coast
The U.S. military intercepted and detained an oil tanker off the coast of Venezuela, U.S. Attorney General Pam Bondi said.
Iran increases oil production thanks to Russia and China
Iran has been actively seeking partners to boost its oil and gas industry amid Western sanctions. China and Russia have emerged as its main allies, with China taking in most of Iran’s oil exports, despite the sanctions, OilPrice reported.
Iran searching for new oil and gas reserves on border with Azerbaijan
Oil and gas exploration is currently underway near Azerbaijan’s border and in Iran’s northwestern Ardabil province, head of the Exploration Department at the National Iranian Oil Company Mohyeddin Jafari said.
China ready to defend its rights to purchase Iranian oil
China said it would take necessary measures to protect the legitimate rights of Chinese companies and citizens after the United States imposed sanctions linked to Iran’s oil trade.
Iranian oil production hits 7-year high
Despite sanctions, Iran managed to achieve a new oil production record, the highest in the past 7 years due to maintenance work and the commissioning of the Azadegan field. Iran continues to break hydrocarbon production …
