Iran plans to dramatically boost oil production from shared fields with Iraq, particularly in the West Karoun cluster.

Yemen’s Houthi rebels claim they have shot down another American MQ-9 Reaper drone. The U.S. military acknowledged to The ...

Oil prices held firm at over one-month highs in Asian trading Tuesday, driven by rising geopolitical tensions. U.S. President ...

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

Iran’s president said Sunday that Tehran had rejected direct negotiations with the United States in response to a letter from ...

The Houthis began targeting commercial shipping on November 19, 2023, and claimed their first attack on a U.S. warship on January 9, 2024. In response, the UN Security Council passed Resolution 2722 ...

More targeted US sanctions on companies and tankers involved in the Iranian crude trade with China are making some teapot ...

The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot", or independent refinery, and vessels that supplied crude oil to such ...

First, it wants to stop the Houthis’ strikes on ships in the Red Sea; they have hit more than 130 vessels in protest against ...

HOUSTON (Reuters) -Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures ...

Ukraine's strikes on Russian energy sites will have to stop temporarily, following Russia's agreement to begin the limited ...

The Trump administration is imposing sanctions on Iran’s oil minister, as well as targeting more companies and vessels linked to the “shadow fleet” that Tehran uses to circumvent sanctions.