Iran oil

Rep. Marjorie Taylor Greene (R-Ga.) recently voiced her dissatisfaction over the current direction of U.S. foreign and domestic policies in a lengthy post on X. What Happened: Greene took to X on Friday to express her concerns about the U.S.’s potential involvement in a war with Iran and...

Oil prices rose on Tuesday pushing up average gasoline prices at the pump on concerns supply could be disrupted as Iran tested a ballistic missile in the Gulf of Oman, while demand hopes were led by OPEC raising its economic forecasts. Nymex WTI, the U.S. benchmark crude oil futures contract, was...

The Trump administration reaffirmed its policy that no more temporary waivers will be granted to countries that continue to rely on imports of Iranian oil. According to the news service Reuters, Sigal Mandelker, Treasury's undersecretary for terrorism and financial intelligence, told reporters at...

The policy actions of President Donald Trump continue to rattle a hornet's nest. In a move away from former President Barack Obama's stance, the Trump administration imposed additional sanctions on Iran last Friday in response to the Muslim-majority nation testing a ballistic missile, potentially...

The price of a barrel of oil rose more than 1 percent on Tuesday after Reuters reported that Iran is open to an agreement with OPEC to cap its oil output to help boost the price of the commodity higher. OPEC nations will meet in September after a meeting earlier this year failed to lead to a...

Iran's desire to boost its oil output to regain market share lost during an economic sanction has been widely reported over the past few months. This could have a large impact on not only the price of oil, but also on oil tanker companies. According to a report from Reuters, more than 25...

Crude oil initially plunged lower by more than 6 percent after Sunday's gathering of OPEC and non-OPEC members failed to reach an agreement on oil exports. OPEC and several non-OPEC members met in Doha, Qatar to discuss a freeze in output levels to help boost crude prices. However, the...

Oil prices continue moving towards the $30 per barrel mark, prompting some investors to question if the commodity can rebound from those levels. The Wall Street Journal's Georgi Kantchev, an oil and energy expert, argued in an article on Thursday that oil could sink below $30 a barrel...

Anatole Kaletsky, an economist and journalist wrote an op-ed in The Guardian which argued that western oil firms must "innovate or die." According to Kaletsky, western oil companies have already announced investment reductions of around $200 billion throughout 2015 amid low oil prices...

A recent report by the Energy Information Administration (EIA) projects that oil prices in 2016 could fall by $5 to $15 per barrel if sanctions are lifted against Iran. The findings of the EIA’s report follow preliminary nuclear discussions between Iran and world powers, which began on...