Iran

Despite heightened global tensions surrounding the Middle Eastern oil giant Iran, the commodity was trading lower by more than 3%. US: Iran's Aggression Will Be Countered The Department of Energy released a statement Wednesday that Iran is trying to destabilize the oil market, OilPrice.com...

Investors on Monday continued to watch mounting tension in the Persian Gulf region as Iran said it arrested several Iranians working as American spies, Britain demanded that Iran’s government release a captured British tanker and its crew and U.S. warships patrolled nearby. Oil prices were up...

Iranian media said Friday that the country's Revolutionary Guard seized a British-flagged oil tanker. The ship's owners said it was unreachable and appeared headed toward Iran, sending crude oil prices higher.  Owners of the Stena Impero said the ship unexpectedly changed course and...

Brent and U.S. crude futures were each higher by more than 2% Monday morning ahead of expectations for OPEC to extend an oil output cut. What To Know OPEC and its allied nations will gather in Austria Monday and Tuesday with a key topic of conversations the extension of the 2017 production cuts....

President Donald Trump signed an executive order Monday imposing additional sanctions on Iran following the country's shoot-down last week of a U.S. military surveillance drone. The United States already has sanctions on the country that were reimposed after pulling out of a...

This week is all about anticipation, as everything arguably comes down to the meeting between Presidents Xi and Trump at G20 starting Friday. With this big event on the near horizon, it looks like we might be back in “risk-off” mode as people buy bonds hoping for protection. Treasury...

President Donald Trump said Friday he called off a planned military strike against Iran because it could have killed more people than would have been appropriate as a response to Iran’s downing of an unmanned American drone. What Happened Trump said on Twitter that he ordered the retaliatory...

Iran shot down a U.S. surveillance drone Thursday, escalating tensions in an adversarial relationship already on edge after Washington pulled out of a nuclear deal between the two countries.  What Happened Iran’s Revolutionary Guard said Iranian forces shot down the unmanned drone,...

Middle East tensions are likely to intensify after Iran said it identified and dismantled CIA a "large" spy operation in its country. What Happened Ali Shamkhani, secretary of Iran's Supreme National Security Council, said the country dismantled a network of CIA officers,...

Iran has denied responsibility for the attacks carried out early yesterday morning on two tankers in the Gulf of Oman, the sea immediately adjacent to the Strait of Hormuz. A spokesman for the Iranian Foreign Ministry slammed the U.S. accusations as "baseless." Maritime security experts say...

Two oil tankers in the Strait of Hormuz, the world's most sensitive oil transportation choke point, came under attack Thursday.  U.S. officials were quick to blame Iran, while Iranian foreign minister Javad Zarif denied responsibility and described the attacks as “...

Brent crude oil prices rose more than 4% Thursday morning amid reports of two tanker attacks near Iran's coastline. What Happened Two tankers in the Gulf of Oman suffered significant fire damage, one of which docked in Saudi Arabia and was destined to Singapore, according to CNBC. The other...

Saudi Arabia's energy minister said Monday that two of its tankers came under attack over the weekend. What Happened At least four separate oil vessels, two of which belong to Saudi Arabia, came under attack in the Gulf of Oman near the United Arab Emirates' eastern coast, The Wall Street...

Crude oil prices have rallied to their highest level since October 2018 thanks to geopolitical tensions. Oil At Year's High WTI grade crude oil was advancing 0.73 percent to $66.28 at the time of publication Tuesday, marking the third straight session of gains. After declining about...

The United States is banking on increased production out of Saudi Arabia and the United Arab Emirates to substitute for the loss of Iranian supply from the decision not to extend waivers from U.S. sanctions against dealings with Tehran. "Saudi Arabia will coordinate with fellow oil producers...