Pakistan delivered a warning to Iran on Wednesday that if Tehran’s terrorist proxies in Yemen, the Houthis, continue attacking cities and oil facilities in Saudi Arabia, Pakistan may be obliged to intervene under its defense pact with the Saudis.
Oil prices jumped to their highest levels since May amid renewed fighting in the Persian Gulf and investor concerns that the war in Iran will persist longer than previously thought. Brent crude futures crossed above $107 a barrel and WTI
On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Energy Secretary Chris Wright said that while more oil is coming out of the Strait of Hormuz, “We need a change in regime or a change in the policy of the Iranian
Oil prices surged on Wednesday as fighting between the U.S. and Iran intensified in the Persian Gulf, raising concerns that the supply of oil passing through the Strait of Hormuz could be reduced. Brent crude futures, the global benchmark for
Hostilities between the U.S. and Iran continued to escalate on Tuesday night, as the U.S. destroyed five Iranian oil tankers, and Iran retaliated by attacking numerous civilian vessels and launching missiles at U.S. forces in Jordan. The benchmark price of oil rose above $100 per barrel for the first time since July amid the escalation.
The Government of Argentina on Monday announced that it will file criminal charges against Israeli oil company Navitas Petroleum over its involvement in an offshore oil project at the Falkland Islands, a British territory that Argentina claims as its own.
The Iran-backed Houthi insurgents of Yemen launched drone and missile attacks against four cities in southern Saudi Arabia.
Iran said it will announce a new “restricted area” in the Persian Gulf that ships will only be allowed to pass through with permission from Tehran.
The foreign minister of Argentina affirmed Sunday that the government seeks to stop the exploitation of hydrocarbons at the Falkland Islands.
President of Argentina Javier Milei on Thursday threatened to impose sanctions on oil companies operating on or near the Falkland Islands, a British territory that Argentina insists has been rightfully Argentine for nearly two centuries.
Venezuelan Interior Minister and long-suspected drug lord Diosdado Cabello on Wednesday expressed his support of the new oil deal with the United States — marking a stark contrast to past anti-U.S. statements and demands that “not a drop” of oil be given to America.
On Wednesday’s broadcast of Newsmax TV’s “The Record,” Sen. John Fetterman (D-PA) discussed the Trump administration’s Venezuela oil deal and said that it is early, but “it’s smart, in order to have control over it, to make sure that we
U.S. Energy Secretary Chris Wright travelled to Caracas on Tuesday night to finalize the historic oil deal between the United States and Venezuela announced this weekend.
Oil giant Chevron is confirming that it is expanding its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits.
A group of Venezuelan socialists and communists over the weekend protested in Caracas against the oil agreement signed by Venezuela’s socialist regime and the United States.
President Donald Trump on Sunday posted a ten-second A.I.-generated video of Iran’s Kharg Island oil terminal being “blown to smithereens,” as he put it, shortly after the first U.S. airstrikes against Iran in a month. None of the actual strikes was confirmed to have targeted Kharg Island.
“Acting President” of Venezuela Delcy Rodríguez on Sunday thanked President Donald Trump and U.S. Secretary of State Marco Rubio for facilitating a new historic oil deal between the countries.
The U.S. has sealed a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves and America’s strategic national stocks are set to benefit, President Donald Trump announced Sunday.
Rep. Ro Khanna (D-CA) said Friday on MS NOW’s “All In” that President Donald Trump’s agreement giving the U.S. majority control over more than 65 billion barrels of Venezuelan’s oil reserves is “morally wrong.” Host Chris Hayes said, “I want to
Host government India announced on Thursday that the annual BRICS summit, bringing together leaders of the anti-American coalition’s countries, would take place in New Delhi on September 12 and 13, setting the stage for potentially the most tumultuous summit yet.
Alberta Premier Danielle Smith and Saskatchewan Premier Scott Moe gave separate press conferences on Wednesday in which they refused to impose retaliatory tariffs against the United States on natural resources, in defiance of leftist Prime Minister Mark Carney’s trade war agenda.
Oil industry analysts on Friday noted a sharp decline in Iran’s offers of crude oil to Chinese buyers after the U.S. blockade of Iranian ports was reimposed on July 13.
Chinese state-run shipping companies COSCO and CMES hare reportedly stopped trying to send their oil tankers through the Strait of Hormuz.
Trade industry sources said on Tuesday that Saudi Aramco, the national oil company of Saudi Arabia, has resumed loading tankers with product at its Juaymah and Ras Tanura oil terminals, which lie within the contested waters of the Strait of Hormuz.
Iranian citizens are telling foreign media outlets that survival is growing difficult as the price of food and other basic commodities soars by 400% under pressure from the U.S. blockade, even as the regime in Tehran insists the food situation is under control.
British-made drones have been used for the first time, prompting Moscow to make one of its periodic allusions to the threat of nuclear war.
President Donald Trump reportedly told Fox News chief foreign correspondent Trey Yingst on Monday that he was prepared to order airstrikes against Oman if it interferes with resolution of the Iran conflict.
President Vladimir Putin threatened retaliation against British and French ‘pirates’ over the seizure of Russian ‘shadow fleet’ oil tankers, saying his navy was ready to start capturing European ships in return.
On Thursday’s broadcast of the Fox News Channel’s “Special Report,” Energy Secretary Chris Wright discussed gas prices and said that “We’ve got to get the refining infrastructure around the world back up running. The pinch right now is more in
Ukraine attacked a petroleum hub of in Tatarstan, killing 13 people and injuring 75 others, local authorities said.
On Friday’s broadcast of Bloomberg’s “Open Interest,” White House National Economic Council Director Kevin Hassett responded to a question on what the White House will do to act on President Donald Trump’s rhetoric that oil companies are contributing to high
Iranian officials continued to make disparaging comments about the United States and tout their plans to take permanent control of the Strait of Hormuz on Friday, even as the White House remains optimistic about an imminent “deal” that would end the conflict in the Middle East and secure safe passage for shipping.
Ship tracking data released on Monday showed six Saudi-flagged supertankers turning away from the Gulf of Aden and heading for southern Africa to avoid the Red Sea. The Iran-backed Houthi insurgents of Yemen have declared a “maritime ban” on Saudi shipping, backed up by terror attacks.
A consortium of companies from the U.S. and Saudi Arabia plans a $5 billion oil refinery outside the Strait of Hormuz.
Trump blasted Europe’s migrant crisis and its leaders for doing nothing to stem it, as he revealed his discussion with new UK PM Burnham.
Iran is reportedly anticipating the first delivery installment of 400 Chinese-made shoulder-fired surface-to-air missiles within a matter of weeks, the fruit of a deal worth over $60 million arranged by a Hong Kong-based intermediary.
With a pause in U.S. attacks stretching into a fourth day on Monday, Iran has shifted its aggression toward Saudi Arabia, and especially at sabotaging Saudi efforts to shift their oil exports from the Strait of Hormuz into the Red Sea.
The oil-producing nations of the Persian Gulf are stepping up their efforts to divert shipping away from the Strait of Hormuz, where Iran has been launching terror strikes on civilian vessels.
The Chinese Foreign Ministry pronounced Beijing “deeply concerned” on Thursday over the ongoing war between Iran and its proxies and the United States in the Middle East, demanding all parties “remain calm.”
Iran’s Islamic Revolutionary Guard Corps (IRGC) on Wednesday threatened to cut off all supplies of Middle Eastern oil to the rest of the world, in retaliation for the restored U.S. blockade of Iranian ports.
