The Foreign Ministry said security forces recently helped a foreign tanker in the Strait of Hormuz, but did not identify the ship or its owner.
Tag: Oil (Petroleum) and Gasoline
Iran Says It Aided Foreign Tanker, Amid Reports of Missing U.A.E. Ship
The Foreign Ministry said security forces recently helped a foreign tanker in the Strait of Hormuz, but did not identify the ship or its owner.
E.U. Punishes Turkey for Gas Drilling Off Cyprus Coast
The measures stopped short of all-out sanctions against Turkish companies, but they come as the country’s economy is struggling.
A Fuel Shortage Is Crippling Agriculture in Venezuela
Already facing a deep economic crisis, the country is seeing food production shrink drastically as mismanagement and American sanctions make gasoline scarce.
Gibraltar Seizes Syria-Bound Tanker Thought to Be Carrying Iranian Oil
Officials said the tanker was detained under European Union sanctions on Syria. Shipping monitors said it was also trying to skirt United States sanctions on Iran.
To Evade Sanctions on Iran, Ships Vanish in Plain Sight
Empty tankers, arriving in the Strait of Hormuz, suddenly stop reporting their whereabouts. When they re-emerge on the grid, their tanks appear full.
OPEC and Russia Seek to Support the Price of Oil
Oil ministers meeting this coming week are expected to continue an agreement to reduce production.
The Week in Business: Stocks Hit a Record High, and Facebook Wants to Replace Your Bank
Plus, tensions with Iran reach a boiling point and Trump’s meeting with China’s president.
The Oil Market Shows It Can Take a Punch
The Persian Gulf crisis has not ignited a major price spike, thanks to growing oil production in the U.S. and a slowing in overall demand.
2 Rockets Strike Oil Fields in Southern Iraq
Three Iraqi workers were wounded in the attacks, which come as tensions between the United States and Iran are escalating in the region.