The Iran war has created the largest oil supply shock ever in terms of daily production losses but the 1979 Iranian ...

Iran’s oil industry is rapidly selling off crude reserves, depleting storage tanks following a significant drop in production ...

Victoria Coates, Vice President for National Security and Foreign Policy at the Heritage Foundation’s Davis Institute and a ...

One analyst estimated Iran may be able to earn more than $3 billion throughout the 60-day U.S. oil sales waiver.

The move, expected under the MoU, comes as Vice President JD Vance says there’s a ‘good foundation’ for a final deal.

Crude oil futures fell to their lowest level since the start of the US-Iran conflict on signs that traffic through the Strait ...

Why supplies are collapsing: The U.S. naval blockade and Iran's closure of the Strait of Hormuz have slashed oil exports by over 80%, forcing Iran to cut production by 400,000 barrels per day.

Iran has likely cut its oil production by about 400,000 barrels a day, U.S. Energy Secretary Chris Wright said. “They’ll likely continue to ramp down their production as their storage fills and their ...

In a post on Truth Social, Trump also warned that the U.S. will take over Iran’s Kharg Island in the not-too-distant future.