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.
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.
The U.S. Treasury Department announced a new round of sanctions targeting Iran’s individuals, entities, vessels and weapons procurement networks.
The U.S. administration is considering exerting pressure on Tehran by seizing tankers with Iranian oil, The Wall Street Journal reported, citing sources.
Tehran will continue exporting oil via the Persian Gulf despite the presence of US warships in the region, according to media reports.
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.
The vessel's crew consists of 16 sailors
Iranian authorities suspect the crew of oil smuggling
The U.S. military intercepted and detained an oil tanker off the coast of Venezuela, U.S. Attorney General Pam Bondi said.
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.
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 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.
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 …
Claims that Iran has changed its export terms and sales methods are false and untrue
The US has announced sanctions against several companies involved in transporting Iranian oil while mislabeling it as Iraqi crude.
Iran's National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells across onshore and offshore regions during the first four months of the current Iranian year (March-July), marking a year-on-year increase of 17 wells.
Iran's Central Bank reports an 11% annual growth in the oil and gas sector's value from March 2024 to March 2025. This sector accounted for more than 8% of the total gross domestic raw material product.
The measure was taken as part of the maximum pressure policy
In 2019, NIOC exhausted its supply of offshore drilling platforms
Iran's Arvandan Oil and Gas Production Company (AOGPC) has continued the development of the joint Arvand oil field with Iraq by placing a drilling rig at the oil …
