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IRAN WAR OIL SUPPLY
'Economic D-Day': US announces expansion of sanctions in 'onslaught' on IranThe Trump administration has expanded its secondary sanctions against entities and countries doing business with Iran, warning them to cut ...- $20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
- Iran’s rial plunges past 2 million per dollar as Trump unleashes ‘crushing economic operation’Iran’s rial has fallen to a record low, crossing 2 million per dollar on the unofficial market as US President Donald Trump escalates press...
- Iran digs up ‘tens of billions’ in gas wealth as US energy showdown heats upIran has discovered a major gas field in southern Fars province containing 7.5 trillion cubic feet of gas, with 5.7 trillion cubic feet rec...
- Oil Price Today (August 24): Crude oil slips below $93 ahead of US sanctions announcement on Iran. What are experts saying?US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impo...
- Iran says Strait of Hormuz will remain closed until US changes courseIran's Mohsen Rezaei stated the Strait of Hormuz remains closed until US behavior changes. He claimed America relies on economic pressure a...
- US, Iran keep up hostile rhetoric ahead of new sanctionsNew United States sanctions targeting Iran are scheduled for announcement impacting global trade partners. Oil shipments through the Strait...
- Six EU countries urge windfall tax on energy firmsSix EU nations are urging a bloc-wide windfall tax on oil companies. Profits have surged due to the ongoing Middle East war and rising cost...
- US, Iran trade threats as Washington readies ‘toughest sanctions’The United States is set to announce stringent economic sanctions against Iran. These measures could significantly impact Iran and its key ...
- Oil Price Today (August 21): Crude oil nears $95 as Iran peace deal hopes fade. What are experts saying?Crude oil Price today: An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. Pr...
- Oil set for second weekly rise as unsettled US-Iran war crimps supplyOil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US...
- Oil rises to 3-week high as Iran war impasse fuels Middle East supply concernsOil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent...
- China boosts imports of Russian crude, stymieing India's refinersChina's growing demand for Russian crude oil is impacting India's supply. India's imports from Russia's European ports have significantly d...
- Oil Price Today (August 18): Crude oil crosses $91/barrel amid fading US-Iran peace hopes. What lies ahead?Crude oil prices surged past $91 per barrel on Tuesday, August 18, as peace talks between the US and Iran stalled. With shipping disruption...
- Oil climbs as fading US-Iran peace hopes raise supply risksOil prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The ...
- Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US failsIran will adopt an offensive military stance as peace negotiations with the United States have stalled. The memorandum of understanding sig...
- The 60-day deadline for an Iran peace deal is expiring. Here's where things standAs the deadline for a resolution on the US-Iran nuclear deal has passed without any advancements, both countries remain firmly entrenched i...
- Iranian President Masoud Pezeshkian set to visit India for BRICS summit amid Hormuz tensionsIn September, Iranian President Masoud Pezeshkian will be in Delhi for the 18th BRICS summit, a visit set against the backdrop of heightene...
- US to unleash ‘economic isolation’ on Iran next week as Trump pressure campaign intensifiesThe United States plans to intensify economic pressure on Iran next week, with Treasury Secretary Scott Bessent warning of measures unprece...
- Oil drops on lower demand forecasts despite deadlock in US-Iran talksOil prices dipped as demand forecasts for 2026 were lowered due to the U.S.-Israeli war on Iran. Despite supply concerns from the conflict,...
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