Browsing Tag
Oil
19 posts
US Imposes Sanctions on Companies Facilitating Iranian Oil Transfers
The United States has sanctioned eight firms for shipping Iranian oil to China and the UAE, while also targeting insurance entities linked to the IRGC.
Global oil costs jump more than 6% following recent slide
Global oil prices rallied over 6 percent on Wednesday, driven by Middle East tensions, while Nigerian petrol prices hit record highs.
Oil values drop significantly as US and Iran suspend military strikes
Oil prices have retreated by more than 9% as the US and Iran halt military strikes to prioritize diplomatic engagement, following weeks of volatility that pushed costs to $100 per barrel.
Global oil prices drop as US-Iran hostilities pause sparks diplomatic optimism
Oil prices declined sharply as a temporary halt in US-Iran military exchanges raised hopes for diplomatic solutions and improved security in the Strait of Hormuz.
Iran Claims $18 Billion in Oil Sales Throughout Recent Conflict
The Iranian oil ministry reports generating $18 billion in revenue despite a US blockade, contradicting earlier claims by parliamentary officials.
Oil prices retreat as Iran reports ongoing diplomatic channels with US
Oil prices dipped from monthly highs as Iran confirmed continued diplomatic contact with the US, though regional tensions keep market outlooks cautious.
MOSOP Backs NSA-Led Dialogue as Prime Path for Ogoni Oil Resolution
MOSOP President Fegalo Nsuke has urged the Ogoni people to support a new federal dialogue initiative, viewing it as the best chance to end a 33-year standoff over oil exploration.
US Increases Sanctions on Iranian Oil and Cryptocurrency Operations
The US Treasury has tightened sanctions on Iran, targeting petroleum shipping networks and freezing $130 million in digital assets linked to the Central Bank of Iran.
Iranian Military Declares Hormuz Shutdown Until US Ceases Hostilities
The Iranian Revolutionary Guards stated that the Strait of Hormuz will remain shut until US aggression ends, further warning that other regional energy routes are at risk.
US Increases Sanctions on Iranian Oil and Crypto Operations
The United States has widened sanctions against Iran, targeting the oil network of Mohammad Hossein Shamkhani and freezing $130 million in digital assets linked to the Central Bank of Iran.