Iran's Revolutionary Guards have seized two overseas-registered tankers in the Persian Gulf accused of fuel smuggling.

US decision to amass B-2 bombers at Diego Garcia is result of Gulf Arab monarchs closing airspace to American warplanes in ...

Iran has a history of responding to action by its Western foes with retaliation. In January last year, its armed forces ...

With U.S. waivers on Iranian energy imports revoked, Iraq is under pressure to rapidly develop its own non-associated gas ...

Iran first came across shale oil reserves in early 2017 near Ghali Kooh Mountain in the western Lorestan province, a field ...

According to Majedi, Iran would be able to easily sell crude oil, petroleum products ... European companies could help develop Iran’s gas fields. Regarding whether Iran and Russia would be ...

Languages: English and Farsi Oil prices surged on Friday, heading for a second consecutive weekly gain, as new U.S. sanctions on Iran intensified concerns over global supply. The latest measures ...

The US has filed a civil forfeiture complaint for $47 million in proceeds from the sale last year of around 1 million barrels ...

Active work is now underway towards its implementation. Russia is also represented in projects to develop Iranian oil fields. Among the initiatives in other spheres are the North-South international ...

BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial ... 2025 Iraq says Iran used forged Iraqi documents on oil tankers, Tehran ...

NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group ...