oil

tag oil

OPEC oil output rises with reopening of Strait of Hormuz

According to a Bloomberg survey, OPEC's crude oil production increased last month as Gulf producers resumed exports through the Strait of Hormuz following the Iran-US memorandum of understanding.
|
Publish Date: 04/July/2026 | 17:18

US Emergency Oil Reserves Hit Lowest Record Since Reagan Era

The volume of crude oil in the United States Strategic Petroleum Reserve (SPR) fell last week to its lowest level since 1983, as the Trump administration continues to draw down emergency oil to minimize economic damages stemming from the war against Iran.
|
Publish Date: 16/June/2026 | 22:22

Oil prices react to Iran-US memorandum of understanding

Oil prices in global market trading on Monday fell to their lowest level since the early days of the US-Zionist aggression, following the announcement of a memorandum of understanding between Iran and the United States to end the war on all fronts.
|
Publish Date: 15/June/2026 | 18:12

Oil, Gas Exports Will Be for Everyone or No One: Iranian Commander

Commander of Iran’s Khatam al-Anbia Central Headquarters Major General Ali Abdollahi warned that continued threats against Iran’s energy infrastructure could jeopardize oil and gas exports, saying such trade would either remain available to all or to no one.
|
Publish Date: 12/June/2026 | 19:28

President praises oil industry for uninterrupted fuel supply amid war

President Masoud Pezeshkian, while appreciating the efforts of Iranian oil industry employees in maintaining uninterrupted fuel supplies and production under recent critical circumstances, has tasked the Ministry of Petroleum with two strategic missions: the optimal management of energy and petrochemicals.
|
Publish Date: 20/May/2026 | 21:33

Oil up 3% after Iran attacked US warship

Oil prices rose over 3% on Monday after Iran struck a US warship and forced it to turn back from entering the Strait of Hormuz.
|
Publish Date: 04/May/2026 | 23:09

Oil prices rise as Iran continues restrictions for US

Oil prices have risen after Iranian officials emphasized that the Strait of Hormuz will “under no circumstances” return to its previous state for the United States and its allies.
|
Publish Date: 27/April/2026 | 19:36