U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill. "It looks ...

Iranian supertankers have switched on their transponders, after going dark during the war, as they depart the Persian Gulf ...

Over in Switzerland, Iranian negotiators are scoring even bigger wins. On June 22nd the Treasury Department, upending four ...

Iran sells oil at 20% higher prices amid regional tensions. Crude oil reaching a new all-time high by December 31 at 16.5% ...

Crude oil futures fell to their lowest level since the start of the US-Iran conflict on signs that traffic through the Strait ...

One analyst estimated Iran may be able to earn more than $3 billion throughout the 60-day U.S. oil sales waiver.

Victoria Coates, Vice President for National Security and Foreign Policy at the Heritage Foundation’s Davis Institute and a ...

Why supplies are collapsing: The U.S. naval blockade and Iran's closure of the Strait of Hormuz have slashed oil exports by over 80%, forcing Iran to cut production by 400,000 barrels per day.

Despite the biggest supply shock in history, the oil market turned out to be significantly more flexible than most experts ...

Iran has likely cut its oil production by about 400,000 barrels a day, U.S. Energy Secretary Chris Wright said. “They’ll likely continue to ramp down their production as their storage fills and their ...

Oil prices sank Monday, hitting their lowest levels in more than three months, after the United States and Iran said they had reached an agreement that would end a US blockade of Iranian ports and ...