Tag: iran

Energy, Oil & Gas

Brent crude tops $125 a barrel as no end seen for blockades

Oil prices continued to climb on Thursday with no sign of easing, as markets priced in a prolonged supply squeeze from the Middle East following stalled negotiations and firm signals from Donald Trump that the blockade on Iran will remain in place....

Energy, Oil & Gas

Hormuz closure: Alternative routes for Mideast oil

Conflict between the US, Israel and Iran has disrupted Strait of Hormuz shipping, exposing limited export alternatives. Existing pipelines offer partial relief, while proposed routes face major political, security and financial challenges. ...

Energy, Oil & Gas

Crude oil prices decline after reports of new talks

Oil prices extended their decline on Wednesday, as cautious optimism over a possible resumption of US-Iran talks eased immediate supply fears, even as underlying risks from the ongoing conflict continued to cap losses....

Energy, Oil & Gas

Iran aims to restore majority of refining capability within two months

Iran expects to restore most damaged refining and ‌distribution facilities to 70–80 per cent of their pre-attack capacity within one to two months, a ⁠senior oil official said, as authorities work to recover from a wave of strikes on energy infrastructure....

Energy, Oil & Gas

Oil prices climb after new Trump threat against Iran

Oil prices climbed on Monday as markets reacted to US President Donald Trump's threat of further action against Iran and set a Tuesday evening deadline linked to the reopening of the Strait of Hormuz....

Energy, Oil & Gas

Tanker loaded with Iraqi crude passes through Hormuz

An oil tanker loaded with Iraqi crude was seen passing through the Strait ‌of Hormuz close to the Iranian coast a day after Iran said Iraq was exempt from any restrictions to transit the vital sea route, data ⁠from LSEG and Kpler showed....

Energy, Oil & Gas

Massive fire after Iranian drones hit fuel tanks at Kuwait Airport

An Iranian drone ​attack struck fuel tanks ‌at Kuwait International Airport on Wednesday, sparking a ​massive fire but causing ​no casualties, Kuwait's state ⁠news agency KUNA ​said. The fuel tanks, which belonged ​to the Kuwait ​Aviation ⁠Fuelling Company (Kafco) have sustained significant damages. ...

Energy, Oil & Gas

Giant Kuwaiti oil tanker hit off Dubai, fire extinguished

The Government of Dubai has confirmed that firefighting teams successfully extinguished the fire that broke out on a huge Kuwaiti oil tanker after an Iranian drone attack off Dubai waters early on Tuesday....

Energy, Oil & Gas

Trump wants to 'take the oil in Iran'

US President Donald Trump has said in an interview with Financial Times that he wanted to "take the oil in Iran" and could seize the export hub of Kharg Island. ...

Energy, Oil & Gas

Global oil prices rise as war de-escalation efforts face roadblocks

Global oil prices rose on Thursday, recovering part of the previous session’s losses, as market participants reassessed the outlook for a potential de-escalation in tensions involving Iran and the United States. The conflict has continued to disrupt energy flows across a critical oil-producing region....

Energy, Oil & Gas

Iran's Natanz nuclear facility hit in US strikes; no leakages seen, says IAEA

The US ​and Israel ‌launched an attack ​on ​the Natanz uranium-enrichment ⁠facility ​on ​Saturday morning, Iran's Tasnim ​news ​agency said, as the war in the Middle East entered its fourth week. No radioactive ‌leaks ⁠occurred and residents near ​the ​site ⁠were not ​at ​risk, it added. ...

Energy, Oil & Gas

Oil prices edge lower, but stay above $100 a barrel

Oil prices edged lower on Wednesday after surging in the previous session, as traders weighed fresh US inventory data and signs of possible export relief from northern Iraq against continuing concerns over Middle East supply disruptions....

Energy, Oil & Gas

Oil rises as Trump urges nations to help reopen Hormuz

Oil prices rose on Monday as investors weighed renewed geopolitical risk despite US President Donald Trump urging other countries to join efforts to secure the Strait of Hormuz, while Iran said the strategic waterway remained open only to countries that are not directly involved in attacks against it....