Tag: Oil
Erdoğan is driving a wedge between Europe and the Middle East
Turkish President Recep Tayyip Erdoğan is using the chaos of civil war in Libya to carve out a new Turkish power base in the Maghreb. Erdoğan’s ambitions in North Africa will not only disrupt...
Ignoring US warning, first Iranian fuel tanker arrives in Venezuelan waters
Despite U.S. warnings, the first of five Iranian tankers loaded with fuel arrived in Venezuelan waters on Saturday.
“The ships from the fraternal Islamic Republic of Iran are now in our exclusive economic zone,” tweeted...
US envoy blasts Iranian oil shipments to Venezuela, breaking sanctions
U.S. Special Representative for Iran Brian Hook slammed Iran on Thursday for shipping oil to Venezuela.
“We think that this is another regrettable example of the Iranian regime stealing the wealth of the Iranian people to...
US sanctions Iran minister, senior law-enforcement officials, IRGC commander
The United States on Wednesday sanctioned Iranian Interior Minister Abdolreza Rahmani Fazli, seven senior officials of the country’s Law Enforcement Forces (LEF) and a provincial commander of the Islamic Republic’s Islamic Revolutionary Guard Corps...
Khamenei: Americans will be expelled from Iraq, Syria
Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday that the Americans will be pushed out of Iraq and Syria, and that U.S. actions in Afghanistan, Iraq and Syria led to it being hated...
Iran calls US sanction threat ‘foolish’ and ‘nothing new’
Iranian Foreign Minister Mohammad Zarif dismissed U.S. threats to reimpose all U.N. sanctions if the U.N. Security Council does not extend an arms embargo on the country.
“Making foolish claims by U.S. officials is nothing...
Russia, Saudi Arabia and the US: A slippery oil triangle
OPEC, the Organization of the Petroleum Exporting Countries, held a meeting in Vienna on Feb. 6 to try to reach agreement on oil prices and production levels. The meeting ended without agreement following Russia’s refusal to...
Report: Venezuela apparently giving gold bars to Iran for oil
Amid economic collapse, Venezuela has been relying on Iran to prop up its oil industry by giving the Islamic Republic tons of gold bars, thereby depleting the South American country’s gold vaults, reported Bloomberg on Thursday, citing...
Report: Trump warned Saudis to cut oil supplies or could lose military support
U.S. President Donald Trump threatened Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, Congress could force him to remove troops from the...
Report: US sanctions have strangled at least one-fourth of Iranian oil rigs
U.S. sanctions have caused at least one-quarter of Iran’s oil rigs to be inactive, according to a Reuters report published on Tuesday.
“At least 40 of about 160 oil rigs in Iran remain idle or under repair,” reported...