U.S. Targets Iran’s Missile and Drone Program With Sanctions
The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.
Source: New York Times Iran ▾
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Oil Slick Is Detected Off Kharg Island in the Persian Gulf
The slick, captured in satellite images near Kharg Island in the Persian Gulf, has raised concerns about the condition of Iran’s oil infrastructure.
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Iran Says It Seized Oil Tanker That Was Sanctioned by U.S.
A maritime tracking company said the move was likely performative, given the Chinese-owned ship has an “established history within the Iranian trade ecosystem.
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Iran’s Oil Sector and Economy Are Under Pressure as U.S. Blockade Bites
Tehran says it can endure the pain, but its oil may soon have nowhere to go.
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U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies
China told its independent refineries to disregard U. S. sanctions over their purchases of Iranian crude.
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Oil Cools Slightly After a 4-Year High
The price of Brent crude, the international benchmark, dipped more than 2 percent a day after it rose above $120 a barrel in volatile trading.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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Oil Prices Soar as Iran Standoff Shows No End in Sight
Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.
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Testing the Waters
Iran has threatened to start charging a toll for passage through the Strait of Hormuz. Even if it never happens, the idea could unsettle global shipping.
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U.S. Gas Prices Climb Further as Effects of War Reverberate
The national average price of a gallon of gasoline hit $4. 23, following oil prices upward as supplies from the Middle East remain disrupted.
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Treasury Issues More Sanctions on Iranian Oil Exports
The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
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United Arab Emirates Says It Will Leave OPEC in Blow to Oil Cartel
The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence.
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Luxury Yacht Linked to Russian Oligarch Passes Through Strait of Hormuz
The Nord, a 464-foot vessel, appears to be tied to Aleksei A. Mordashov, a Russian steel mogul who is under American and European sanctions.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked
Investors parsed reports that President Trump told advisers that he was not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz.
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Muted Reaction as Oil and Stock Markets Reopen
Oil prices rose and stocks fell after President Trump called off a trip to Pakistan by two U. S. negotiators for peace talks with Iran.
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On Iran’s Border, Cooking Oil Trade Is a Snapshot of the Country’s Struggles
The war has exacerbated Iran’s economic crisis, forcing many to cross the border into Turkey to buy the most basic goods.
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U.S. Unveils More Sanctions Targeting Iran’s Shadow Fleet
The Treasury Department also targeted a top independent Chinese refinery that it said was a major buyer of Iranian petroleum.
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Top Condom Producer to Increase Prices Due to War in Iran
The world’s top condom maker is raising prices of its products by up to 30 percent, warning that shortages of raw materials and chemicals because of the war in Iran could disrupt production.