Iraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...

Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $8...

Bharat Petroleum Corp expects its first Iraqi oil cargo soon and seeks more Gulf oil. The company is willing to lift oil from inside the St...

QatarEnergy has issued a second tender this week for crude sales. The company is selling al-Shaheen and Qatar Marine crude via transfers. T...

Iranian President Masoud Pezeshkian urged Muslim nations to strengthen regional security and stability. He emphasized expanding cultural, c...

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $...

The United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with...

Shipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...

Fewer than twenty commodity vessels transited the Strait of Hormuz over the weekend. Initial data showed four vessels crossed on Sunday and...

"We are keen to prevent Iraq from becoming involved in the war. The country most affected by the war is Iraq. We do not accept the use of I...

Tehran has allowed Iraqi oil tankers passage through the Strait of Hormuz. This decision follows repeated requests from Baghdad over the pa...

Iran's Parliament Speaker Ghalibaf stated Iran supports Iraqi consensus and independence. Economic cooperation will advance with an upcomin...

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 prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US...

India is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...

Oil prices climbed for a fourth day due to supply uncertainty. Investors weighed conflicting messages from Tehran and Washington on the Str...

Iraq’s oil marketing company SOMO says Abu Dhabi’s Adnoc is one of the companies buying Iraqi crude and moving shipments through the Strait...