OIL

Oil shipping costs in Hormuz strait could surge 1000% amid regional tensions

The cost of transporting crude oil through the strategically vital Strait of Hormuz could increase by up to 1,000…

One Strait, One Crisis, Hundreds of Billions of Dollars at Risk

NOURNEWS – The Strait of Hormuz, through which more than 35 percent of global crude oil trade passes, along with a…

Pezeshkian: US and Europe driven by greed for Iran's oil and gas

President Masoud Pezeshkian has strongly criticized the hypocritical approach of the US and Europe regarding recent…

China to replace Venezuelan oil with Iranian oil: analysts

Chinese independent refiners are expected to increasingly rely on Iranian heavy crude in the coming months, as…

Iranian experts do majority of repairs at oil facilities

An official at the National Iranian South Oil Company (NISOC) says that more than 63% of the annual overhaul plan was…

US imposes sanctions on 29 oil tankers carrying Iranian oil

The United States has imposed sanctions on 29 vessels and their management firms.

Tehran invites foreign partners to expanded energy Coop.

In a meeting with Belarus’s industry minister, Iran’s oil minister emphasized that Tehran has prepared a portfolio of…

China increases oil purchases from Iran, Western media say

Western media reported that China is increasing its oil imports from Iran, adding that two giant tankers carrying…

US sanctions Iran-related 32 individuals, entities

The United States Treasury Department has announced new sanctions on 32 individuals and entities based in Iran and…

The Architect of the Empire of Fear

Dick Cheney represented a generation of politicians who shifted politics from the realm of dialogue and ethics to that…