Tag Archives: Sanctions

The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation.

Iran’s auto industry has emerged as one of the frontlines in a raging economic war on the country which is lining up its defense ministry to protect the sector from US sanctions.

Global oil supplies will increase far more than demand next year with the start of a host of new projects. putting further pressure on the OPEC cartel.

A prominent Saudi expert said that the Emirati intelligence agency targets oil tankers in the Persian Gulf and the Sea of Oman in a move to inflame war against Iran.

Oil demand is shriveling as the trade war between the U.S. and China trips up the global economy.

World oil demand will rise by 1.14 million barrels per day (bpd) this year.

The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.

Ambassadors of the UK. Germany and France in a statement stressed delivering the first transaction of the Instrument in Support of Trade Exchanges (INSTEX).

The pipeline. which is currently under construction. is expected to deliver gas from Iran to Pakistan.

OPEC pumped 29.88 million b d in April. according to an average of the secondary sources used to monitor output.