Another Iranian oil tanker arrived on Saturday evening at the Syrian Port of Baniyas located in the East Mediterranean Province of Tartus.
US President Joe Biden has said he will not directly request the leaders of Saudi Arabia to increase oil production to curb soaring crude prices when he visits the kingdom next month.
Iranian Oil Minister Javad Owji says an “oppressive regime of sanctions” imposed by the United States on Iran will to blame for a worsening of the global energy crisis in the near future.
A new research paper finds that the US corporate price markups and profits jumped to their highest levels in seven decades last year.
The EB Foundation of Iran has called for the expropriation of a seized US oil shipment in damages for the harm inflicted upon Iranians suffering from epidermolysis bullosa due to Washington’s inhumane sanctions.
China has increased its crude oil imports from Russia in recent months, importing more than any other country in the month of May since December last year by taking advantage of lower prices in the face of Western sanctions.
Finance Minister Ehsan Khandouzi says the country receives revenues of its oil exports no later than 90 days from shipment delivery dates despite American sanctions that restrict both purchases of Iranian oil and the related payments.
Iran's President Seyyed Ebrahim Raeisi expressed the country’s readiness to satisfy Pakistan’s demand for oil, gas and electricity.
The Greek government has overturned its recent decision to confiscate an Iranian oil tanker, dismissing Washington’s pressures which were behind the seizure in the first place.
An Iranian shipbuilding company has successfully delivered a second large oil tanker ordered by Venezuela during a visit to Iran by Venezuelan President Nicolas Maduro.