The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint due to the large volumes of crude that ...
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U.S. cracks down on Iranian oil empire — Hossein Shamkhani accused of using Dubai to dodge sanctions
The United States has launched a major investigation into Iranian oil tycoon Hossein Shamkhani over suspected breaches of ...
A narrow passage of water called the Strait of Hormuz is the primary route for Middle Eastern countries shipping oil and petroleum products from the Persian Gulf to the rest of the world. Iran has ...
President Donald Trump's strikes against Iranian nuclear facilities over the weekend elicited concerns about the potential for gas prices to increase. But they have mostly remained stagnant since ...
A new analysis from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has uncovered roughly $9 billion in transactions tied to what officials ...
The cost of oil in the U.S. dipped slightly on Monday, but prices are still up since the Israel and Iran war started. In a social media post, President Donald Trump is pushing for oil prices to remain ...
Trump wants oil producers to pump more crude amid jitters that Iran may close critical shipping lane
President Donald Trump on Monday called for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear facilities. Trump ...
U.S. sanctions on Russia and Iran have led to an unprecedented volume of crude oil stored in tankers, signaling a potential market glut despite low on-land inventories.
Just hours after the U.S. launched attacks on Iran’s uranium enrichment facilities, the Iranian parliament expressed support for shutting down the Strait of Hormuz—one of the world’s most critical ...
WASHINGTON (Reuters) -The U.S. imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, ...
Oil prices tumbled for a second day Tuesday, as the market bet that a ceasefire between Israel and Iran would hold and the risk of a major crude supply disruption had faded. U.S. crude oil settled ...
A growing number of cargo ships are said to be steering clear of the Strait of Hormuz, the vital artery for global oil and gas shipments, as tensions spike in the Middle East following US airstrikes ...
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