Iran

Saudi Aramaco's initial public offering took a major step forward on Sunday and would likely need to address four sources of concern. Saudi Arabia values its state-owned oil company at $2 trillion but even a less generous $1.5 trillion would make it the world's largest IPO, CNBC reported....

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Oct. 31, 1978, Iran’s oil workers organized a strike following failed negotiations over wages and political change. An energy crisis ensued. Where The Market Was The S&P...

The tanker market is on fire – literally. Yet another vessel has been attacked in the Middle East region – this time, an Iranian tanker in the Red Sea – marking yet another case of ships and their crew being used as pawns in a larger geopolitical conflict. The near-term effect for ocean shipping...

Iranian President Hassan Rouhani said Friday that the U.S. had offered to remove all sanctions in exchange for talks, according to Reuters.  Brian Hook, the U.S. special representative for Iran, said the statement is "baseless" and added that the U.S. government is committed to zero...

The U.S. Treasury Department's Office of Foreign Assets on Sept. 25 placed sanctions on two of COSCO Shipping's oil tanker operations for their alleged continued role in transporting Iranian oil. Specifically, OFAC added COSCO Shipping Tanker (Dalian) Co. Ltd. and COSCO Shipping Tanker (Dalian)...

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned the Central Bank of Iran and National Development Fund of Iran in retaliation for Iran's alleged involvement in multiple drone-operated missile strikes against several Saudi Arabian oil facilities on Sept. 14....

The loss of production capacity following weekend attacks on Saudi Arabian oil production facilities and increasing tensions in the region highlighted the outsized impact the kingdom's oil supply has on China, which is already facing worries of economic sluggishness. China is the world...

When geopolitical headwinds howl, particularly those flowing from the Middle East, it's reasonable to expect that among the various sectors and industries, energy stocks will be affected. Next on that list is aerospace and defense equities and exchange traded funds. That much was confirmed...

Drone strikes on marquee Saudi Arabian oil assets could lead to a spike in crude prices today, particularly contracts priced in Brent terms, the global benchmark. On Saturday, a Yemeni militia group, the Houthi rebels, took credit for the attack, saying they flew 10 drones over assets controlled by...

Bunker fuel providers are the filling stations to the world's ship fleet, but depending on their nationality, they must ensure that they don't run afoul of U.S. sanctions, according to the Treasury Department's Office of Foreign Assets Control (OFAC). This has become a complicated issue for ship...

U.S. President Donald Trump and French President Emmanuel Macron met over the weekend at the G-7 summit, and the two sides are reportedly close to reaching a compromise on France's new digital tax, CNBC reported Monday. What Happened France imposed a 3% tax on global tech giants in...

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....