If you cross us, there will be hell to pay: US lashes out at Iran
President Donald Trump has lashed out at Iran, with national security adviser John Bolton also warning there would be "hell to pay" if Tehran crossed the US.
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UK among five world superpowers in Iran exports agreement
Five world powers and Iran have agreed to establish a financial facility in the European Union to facilitate payments for Iranian imports and exports including oil.
In big win for Trump, US sanctions cripple Iranian oil exports
Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President Donald Trump has already managed to crush the country’s petroleum exports, dealing severe economic damage to Tehran.
OPINION: Iran’s export pain could mean a hot winter for oil
Winter is coming, and the oil market is starting to look pretty tight.
Secret oil shipments could help Iran cushion US sanctions blow
Discounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil exports flowing after U.S. sanctions resume in November.
A Saudi-Iran oil war could break up OPEC
When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a brewing price war between Saudi Arabia and Iran.
Saudi Arabia and Iran reignite the oil price war
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil.
US-Iran sanctions give China lead in world’s top gas field
China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.
US sanctions on Iran up the ante in Middle East oil price war
A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it.
UK will ‘certainly’ stand up to US over Iran sanctions
The Government will "certainly" stand up to US President Donald Trump over his administration's sanctions on Iran, the minister of state for the Middle East has said.
Brent crude rises as Trump’s Iran sanctions kick in
Oil prices were trading higher on Tuesday amid expectations that US sanctions on major exporter Iran will tighten global supply.
EU urges businesses to keep trading with Iran
The European Union is encouraging enterprises to increase their business with Iran, as that country has been compliant with its nuclear-related commitments.
UK, EU to block US sanctions on Iran
The UK and EU partners will move to block Donald Trump's sanctions on Iran in order to preserve peace, they have announced.
Trump’s war of words with Iran shines spotlight on vital oil route
The war of words between U.S. President Donald Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the narrow, twisting conduit for about 30 percent of the world’s seaborne-traded crude.
Oil holds as trade fears weighed against US rigs and rhetoric
Oil traded near $68 a barrel as investors assessed the impact of escalating trade frictions between the world’s two biggest economies against a decreasing number of American oil rigs and rising rhetoric between the U.S. and Iranian presidents.
Trump or cheap Iran oil: Dilemma facing fastest growing user
The U.S. embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange.
Iran tells Trump: Stop tweeting, it’s driving up oil prices
The war of words over oil prices continues between U.S. President Donald Trump and Iran, and the latest salvo from Iran is for Trump to stop tweeting.
Iran running out of options on oil
Iran’s position in the oil market is looking weaker than ever as a bruising OPEC meeting and tightening net of U.S. sanctions leave it with fewer friends and fleeing customers.
Oil ministers back raising output despite Iran walkout
OPEC and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day — the actual increase will be smaller as several countries are unable to raise output.
Iran rejects compromise as OPEC heads for battle in Vienna
Iran put itself on a collision course with Saudi Arabia at this week’s OPEC meeting, rejecting a potential compromise that would see a small oil-production increase to appease energy consumers.
Iran can block OPEC agreement, but Saudi can bypass veto
Even with Iran threatening to block an increase in OPEC’s oil production, Saudi Arabia still has options.
May talks Yemen, oil and Iran with Saudi leader
Theresa May has discussed the Iran nuclear deal, the war in Yemen and the oil market with Saudi leader Mohammed bin Salman, Downing Street said.
Key US ally to ignore Trump’s Iran sanctions
President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a key strategic ally of the U.S. -- plans on ignoring them.
Deal or no deal: What will re-imposed Iran sanctions mean for UK oil and gas firms?
The US’s re-imposition of fuller sanctions on Iran is already having a significant impact on UK entities doing business in the region. Why? And what can businesses do to protect themselves?
Rhum well deferral is ‘good news’ for Serica, analysts say
BP’s decision to delay work aimed at increasing production from the Rhum field because of US sanctions on Iran is “good news” for Serica Energy, analysts have said.