Indian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its dura...

Benchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months ti...

Oil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of H...

S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply nor...

China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...

China has pledged "unwavering support" for Pakistan's crucial role in mediating peace talks between the US and Iran. Following high-level d...

The function, delayed due to the conflict, will begin with the body lying in state at Tehran's Grand Mosalla complex. The erstwhile Supreme...

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a ...

China has retaliated against US sanctions by imposing its own restrictions on 10 American military-linked companies. Beijing's Commerce Min...

China imposed export controls on 10 US companies involved in defence and rare earths mining in response to Washington's blacklist, and bann...

India’s crude oil imports have returned to normal levels in June, recovering after earlier disruptions caused by geopolitical tensions and ...

President Trump has signed a 14-point memorandum with Iran, ending a four-month conflict and opening a 60-day window for a peace deal. This...

Three cargo ships are now transiting the Strait of Hormuz, signaling a significant shift after the US ended its blockade of Iranian ports a...

Iran's oil sales may see a waiver under a new interim deal. However, the country remains under a complex network of international sanctions...

President Trump thanked Chinese President Xi Jinping and Russian President Vladimir Putin for remaining "neutral" during the conflict with ...

President Trump announced a deal with Iran, involving uranium dilution and sanctions waivers, allowing immediate oil sales. Mediated by Pak...

A US judge has allowed Huawei's CFO Meng Wanzhou's admission of illegal business in Iran to be used in the company's upcoming trial. Meng h...