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

While sanctions have constrained Iranian oil output in recent years, the nation accounts for about 3% of global oil output, Krishnamoorti said. Iran also asserts control over the passage of ...

US crude oil production in the week ending June 20 was unchanged w/w at 13.435 million bpd, modestly below the record high of 13.631 million bpd from the week of December 6.

HOUSTON — Oil prices slipped on Friday as the U.S. imposed new Iran-related sanctions marking a diplomatic approach that fed hopes of a negotiated agreement, a day after President Donald ...

THE HAGUE (Reuters) -President Donald Trump said on Wednesday that the U.S. has not given up its maximum pressure on Iran - including restrictions on sales of Iranian oil - but signaled a ...

Trump then mused that the U.S. could have seized Iran’s oil, continuing, “If they’re going to sell oil, they’re going to sell oil. We’re not taking over the oil. We could’ve, you know?

Iran entered into a nuclear deal under Obama administration. Dating back to 1995, the U.S. put trade and oil sanctions on Iran, accusing the leadership of seeking nuclear weapons, among other things.

The strongest action was in the oil market, where the price of a barrel of benchmark U.S. crude jumped 7.3% to $72.98. Brent crude, the international standard, rose 7% to $74.23 for a barrel.

PARIS] Oil buyers and traders across Asia are watching the escalation of a conflict around Iran with bated breath, as the top importing region braces for the impact of any disruption of exports from ...

Oil prices plunged to the lowest level in a week on Monday night as Iran launched a missile strike on a US military base in Qatar. Brent crude fell by as much as 7.6pc to $71.15 a barrel in response ...

Oil prices leap 7% and US stocks slump more than 1% on worries about the crude market The S&P 500 sank 1.1% Friday and wiped out what had been a modest gain for the week.