The U.S. State Department and Department of the Treasury reimposed what they describe as "maximum pressure" sanctions on Iran’s "shadowy" oil trade on Monday as tensions between Tehran and Washington ...

OPEC oil output rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to ...

President Donald Trump's sanctions against Iran are designed to shut down the country's oil industry and "collapse its already buckling economy," Treasury Secretary Scott Bessent said Thursday.