Close to a dozen US-sanctioned tankers are idling off Malaysia with Iranian crude, with some having been stationed in the oil ...

Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the ...

The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

Iranian oil flows to China had already dropped due to rising freight ... the world's media organizations, industry events and ...

Brent crude futures lost 31 cents at $73.72 a barrel at 0742 GMT, while U.S. West Texas Intermediate crude futures were down ...

The Trump administration should back away from threats and engage Iran in an effort to bring a diplomatic halt to its nuclear ...

Iranian Foreign Minister Seyed Abbas Araqchi, in a phone conversation with his Iraqi counterpart Fuad Hussein, condemned US ...

Washington has issued new Iran-related sanctions, including a Chinese "teapot," or independent refiner, and vessels that ...

Crude oil prices are set for another weekly gain, driven by new U.S. sanctions on Iran's energy industry and OPEC+ efforts to ...

The telephone call came after Foreign Minister Fuad Hussein said Iraq is not part of the Axis of Resistance and Iraqi Oil Minister Hayan Abdel-Ghani claimed that Iranian oil tankers were using forged ...

Oil prices have climbed this week and could go even higher as OPEC+ attempts to control supply and Trump squeezes Iran's oil ...

Brent crude futures were up 12 cents at $72.12 a barrel by 0850 GMT, while U.S. West Texas Intermediate crude futures rose 15 ...