The U.S. imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil and on a ...

The US took fresh steps to restrict the trade of Iranian oil, keeping up pressure on Iran even as President Donald Trump ...

The Treasury Department is targeting vessels in Iran's "shadow fleet" and the operators of an Iran-Iraq oil smuggling network ...

The US applied more pressure on Iran with sanctions targeting companies that help the country sell oil through a “shadow ...

Oil prices edged down during Friday’s trading session in Asia, with investors closely watching for clues from the forthcoming ...

The State Department announced Wednesday it would target entities and individuals connected to Iran and Hezbollah with new ...

It produced an average of 2.9 million barrels a day in 2023 of crude oil, according to the Energy Information Administration. Iran’s 2015 nuclear deal with world powers did limit Tehran’s program.

A disruption to global oil flows could send prices higher. That would be good news for Russia, with oil being a key lifeline to sustain its war in Ukraine.

It produced an average of 2.9 million barrels a day in 2023 of crude oil, according to the Energy Information Administration. Iran’s 2015 nuclear deal with world powers did limit Tehran’s program.