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Iranian Oil

Oil price rises to $73 a barrel

Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019.
Abdolnaser Hemmati

CBI: US fails in fully sanctioning Iranian oil

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said that the United States failed in sanctioning Iranian oil.

US, Russia, Saudi Arabia crash oil prices

Oil prices fell on Friday as surging output by the world’s three largest producers, United States, Russia and Saudi Arabia, outweighed supply concerns from the start of U.S. sanctions next week against Iran’s petroleum exports.

Oil prices hit four-year-high of $81 amid looming Iran sanctions

Oil prices hit a four-year high of $81.48 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil.

Oil rises as US renew sanctions against Iran

Oil prices rose on Tuesday as the U.S. reintroduced sanctions against major crude exporter, Iran, tightening global markets.

Ayatollah Khamenei backs threat to stop Gulf exports if oil sales halted

Iran's Supreme Leader Ayatollah Ali Khamenei has supported a suggestion by President Hassan Rouhani who hinted earlier this month that Tehran may block regional oil exports if its own sales are stopped following the US' withdrawal from a 2015 nuclear deal with world powers.
Turkish Minister of Economy Nihat Zeybekci | European Photopress Agency

Turkey: Iran oil import ban ‘not binding’

Turkey’s Economy Minister, Nihat Zeybekci, says the U.S. demand for countries to stop importing Iranian oil or face sanctions is “not binding’’ on Ankara.

Oil prices rise on US push to shut out Iran, supply disruptions

Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after United States officials told importers to stop buying Iranian crude from November.

Oil prices jump after US abandons Iran deal, plans ‘highest level’ sanctions

Oil prices rose more than two per cent on Wednesday, with Brent hitting a 3-1/2-year high, after U.S. President Donald Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member.

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