Tag Archives: Donald Trump

The new sanctions are aimed at blocking Iran’s international transactions and its access to food and medicine.

The attacks early on Saturday morning knocked 5% off the world’s total oil supply.

The drone attacks on the Khurais oilfield and the Abqaiq oil processing facility took an estimated 5.7 million bpd in production capacity off the market.

There is enough oil in global stockpiles to replace barrels Saudi Arabia had temporary lost due to the attacks.

Iran has posted a more-than-$1-billion foreign trade surplus for the 1-year period ending August 20. according to the data released by the country’s Customs Administration (IRICA).

A sharp rise in oil prices also comes at a delicate time for the global economy.

The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.

The demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.

Iran and the Group 5+1 on July 14. 2015. reached a conclusion over the text of the JCPOA.

Iran’s Minister of Industry Reza Rahmani announced that his country is planning to lower the imports of machinery and equipment used in major production lines. in a bid to further indigenize manufacturing capabilities in the face of the US sanctions.