Tag: Oil
Iran claims it will allow ‘non-hostile’ ships through Strait of Hormuz
Iran has informed members of the International Maritime Organization that it will allow what it calls “non-hostile” shipping to pass through the Strait of Hormuz, the Financial Times reported on Tuesday.
In a letter circulated...
The ‘failed war’ narrative on Iran is political spin
President Donald Trump’s announcement of a five-day delay before making good on his threats to bomb Iran’s power plants was greeted with relief by those who have been hoping that he would end the...
Doomsday scenarios miss mark: Inside Trump’s strategy to stabilize oil prices
The International Energy Agency warned on Friday that the Iran war had set off “the largest supply disruption in the history of the global oil market.” Reports predict a global energy crisis. Alongside these...
Iranian missile shrapnel damages Haifa refinery
Shrapnel from an Iranian missile intercepted by the IDF struck Israel’s largest oil refinery in Haifa Bay on Thursday, causing damage to the facility and triggering power outages in the surrounding area, the Israel...
US, allies to release 400 million barrels of oil from reserves
The United States and its allies will release hundreds of millions of barrels of oil from strategic reserves in a coordinated effort to bring down global energy prices, U.S. Energy Secretary Chris Wright announced on March...
Azerbaijan says thwarted IRGC terror plot
The targets included the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, the Israeli embassy in Azerbaijan, an Ashkenazi synagogue and a leader of an ancient Jewish community in Azerbaijan called the Mountain Jews, Reuters cited a report...
US hits Iran’s oil sector with another round of sanctions
The U.S. State Department imposed a new round of sanctions on Friday targeting the Iranian oil sector and its so-called “shadow fleet,” shortly after talks between Washington and Tehran on the regime’s nuclear program...
US Treasury sanctions individuals, entities linked to Iran’s ‘shadow banking’
The Trump administration is sanctioning two Iranian national financial facilitators, as well as more than a dozen other individuals and entities, that are part of Iran’s “shadow banking” network aimed at facilitating funding transfers...
EU ‘concerned’ as Tehran threatens to block Hormuz
European Union foreign policy chief Kaja Kallas told press in Brussels on Monday that the Foreign Affairs Council, composed of the foreign ministers from all E.U. member states, was fearful about the prospect of...
The passion of oil
Chanukah, which is coming to an end this week, mainly celebrates the miracle of the oil. Yes, there were other miracles, too, especially the fall of “the mighty into the hands of the weak,...