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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.
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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.
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Publish Date: 15/June/2026 | 18:12

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.
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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.
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Publish Date: 27/April/2026 | 19:36

Iran's heavy crude oil prices surge in January: OPEC

According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.
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Publish Date: 13/February/2025 | 14:28

Iran State Finances in Disarray

EghtesadOnline: Low crude prices severely restricted government revenues that fell far short of expectations in the first half of this year, raising alarms about the future growth in the economy of OPEC's No.3 exporter.
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Publish Date: 13/November/2016 | 18:31

Crude Slips to $47 as Dollar Retreats; European Stocks Advance

EghtesadOnline: Oil extended its retreat from a seven-week high on supply concerns, while the dollar weakened versus major peers as traders weighed prospects for a U.S. interest-rate hike this year. European shares rose as data showed economic activity in France picked up this month.
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Publish Date: 23/August/2016 | 08:40

Oil Prices Heading for Fourth Weekly Decline

EghtesadOnline: Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world's two largest oil consumers.
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Publish Date: 13/May/2023 | 22:30

Biggest Oil Price Surge Since 1991

EghtesadOnline: Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Persian Gulf War in 1991, after an attack on Saudi oil facilities on Saturday shut over 5% of global supply.
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Publish Date: 17/September/2019 | 24:23

Iran: Equity Market Sinks as Selloff Continues

EghtesadOnline: After ending the past week 3.5% lower, the Tehran Stock Exchange continued to reel under selling pressure on Saturday. Falling global stocks, US-China trade war, declining oil and commodity prices and the effects of US sanctions all weighed on sentiment.
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Publish Date: 26/November/2018 | 24:05

Saudi Arabia Signals Ambition for $80 Oil Price

EghtesadOnline: Saudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial public offering.
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Publish Date: 11/April/2018 | 06:52

Renewed oil weakness sparks demand fears

EghtesadOnline: U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.
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Publish Date: 26/July/2016 | 11:30