Iran, Asia Trade
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West Texas Intermediate crude started 2026 at $57 a barrel and now trades near $112, a near-doubling driven by Iran-related tensions around the Strait of Hormuz and a sustained geopolitical risk premium on seaborne barrels.
State Department targets Qingdao Haiye Oil Terminal for allegedly importing ‘tens of millions of barrels of sanctioned Iranian crude oil’.
The United States has imposed fresh sanctions on 12 people and companies accused of helping Iran’s Revolutionary Guard sell and ship oil to China.
Crude oil inventories in the United States increased by 3.1 million barrels during the week ending April 3, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 464. ...
US India Trade Deal Highlights: Prime Minister Narendra Modi on Wednesday welcomed US President Donald Trump’s upbeat remarks on trade talks, expressing confidence that the ongoing negotiations will “pave the way for unlocking the limitless potential ...
As President Donald Trump muses about seizing control of Iran’s oil sector, one potential upside is looming in his thinking: expanding US global energy dominance to gain trade leverage against China, people familiar with the matter told Bloomberg News.
Despite airstrikes, sanctions, and a U.S. blockade, Iran’s oil revenues rose early in the war, driven by surging global prices after the Strait of Hormuz disruption. Even as export volumes fell sharply, higher oil prices offset losses, allowing Iran to ...
HOUSTON, April 6 (Reuters) - Oil prices climbed in choppy trade on Monday, as the U.S. and Iran ratcheted up their rhetoric even as the two countries are engaging in indirect talks that could lead to the de-escalation of hostilities. Brent crude futures ...
The failure of negotiations between the United States and Iran over the weekend suggests that the disruption to global oil markets will not be resolved quickly, supporting a "higher for longer" oil price base case and the favorable position for North ...