Tag Archives: Persian Gulf

The price of oil spiked just minutes after Tehran seized a foreign vessel which was smuggling one million liters of fuel near Larak Island in the Strait of Hormuz off Iran’s coast.

The goal is to increase Iraqi export outlets and find markets for the increasing oil production.

All 23 crew members of the Stena Impero tanker detained by the Iranian authorities in the Strait of Hormuz are on board the vessel in Bandar Abbas.

More information about the vessel would be released later.

An Iranian airline and an Omani holding company signed an agreemnt to increase bilateral relations and joint cooperation in airport services.

Police in Gibraltar said Friday they arrested four crewmen of the Iranian ship. including its captain and chief officer.

Iran has warned of reciprocal measures if the tanker is not released.

Iran is currently producing nearly 56 million tons of petrochemicals each year.

Both Iran’s and Venezuela'.s production woes have contributed significantly to the cartel’s over compliance to the group’s production cut quota.

Mahan Air. Iran’s first and largest private airline. has launched two new direct flight routes between Tehran and the Italian capital city of Rome and the Chinese city of Shenzhen. a top official at Imam Khomeini Airport City Company (IKAC) announced.