Oil prices set to spike after Saudi attacks
Consumption
Iran has denied US accusations that it was behind explosive drone attacks in Saudi Arabia on the world’s largest petroleum
All posts in Iran
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Drone attacks against Saudi oil will test long held assumptions
Opinion
On Saturday, ten drones attacked Saudi Arabia’s largest oil processing facility at Abqaiq and the Khurais oilfield. The coordinated attacks
Iran and China seal $400bn investment deal
Policy
Iran’s foreign minister, Mohammad Zarif, visited his Chinese counterpart, Wang Li, late last month to update a comprehensive bilateral strategic
Pompeo hails success of Iranian oil sanctions
Policy
US sanctions have removed nearly 2.7 million barrels of Iranian oil every day from the global markets, according to US
US launches legal bid to seize Iranian tanker
Consumption
The US Justice Department has issued a warrant for the seizure of Grace 1 (pictured), the Iranian oil tanker that
US angered as Gibraltar frees Iranian tanker
Policy
An Iranian oil tanker held in Gibraltar since July 4 has been officially released by the authorities in the UK-run
Germany-Iran trade slumps amid Trump’s sanctions
Industry
Trade between Germany and Iran has fallen significantly, pointing to the impact of Donald Trump’s sanctions. German exports to Iran
UAE counts cost of Iran sanctions
Industry
The United Arab Emirates estimates that its trade with Iran will fall by half this year, amid US sanctions, according
Oil prices rise after UK tanker seizure
Consumption
Oil prices rose more than 1 per cent today (Monday), as investors worried about possible supply disruptions after Iran’s seizure
Armenia probes power shutdown
Transmission
Armenia’s Infrastructure Ministry has blamed massive power outages and voltage drops this week on a voltage drop in the national grid. “There
Oil prices rise despite global economic woes
Consumption
Oil prices have risen following last week’s improved US market data but fears about the global economy have limited increases.
US calls IAEA meeting on Iran
Policy
The UN’s Vienna-based nuclear watchdog says it will meet next week to discuss Iran’s nuclear programme at the request of
Iran economy slumps, despite complying with nuclear deal
Policy
Iran’s inflation is rising as oil exports and state coffers tumble but the government in Tehran remains defiant over Donald
Oil prices rise again under supply concerns
Production
Oil prices have risen today (Tuesday), with the global supply crisis outweighing the ongoing impact of the US-Chinese trade dispute, which
Turkey complies with US sanctions on Iran
Policy
Turkey has reportedly stopped buying Iranian oil following the US decision to end sanctions waivers, despite condemning Washington’s decision. Refinitiv