Iran’s Supreme Leader Ayatollah Ali Khamenei said Tuesday there will be no one-on-one talks with Washington after Tehran was blamed for weekend attacks on Saudi installations that sent global oil prices soaring.
The U.S. is no longer as dependent on foreign oil as it once was and higher oil prices are no longer necessarily bad for the U.S. economy.
The military coalition assembled by Saudi Arabia to intervene in Yemen’s civil war said on Monday that the weekend attack on Saudi oil facilities was conducted with Iranian weapons, and those weapons were not launched from Yemen, despite claims to the contrary by the Iran-backed Houthi insurgency.
The international response to an apparent Iranian attack on Saudi Arabia’s oil fields urged caution and a careful investigation before assigning blame for the strike or taking retaliatory action. Many of these responses suggested the world’s oil supply is robust enough to absorb the loss of Saudi production without major economic disruptions.
Global energy prices soared Monday after a weekend drone attack on key oil facilities in Saudi Arabia caused the worst disruption to supplies on record.
President Donald Trump appeared to tweet a threat Sunday to Iran over drone attacks Saturday by Iranian-backed Houthi rebels against oil fields in Saudi Arabia that were reported to have cut global oil production by 5 percent.
“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve,” Trump wrote on Twitter.
Iran denied Sunday it was involved in Yemen rebel drone attacks that hit the world’s biggest oil processing facility and an oil field in Saudi Arabia, just hours after U.S. Secretary of State Mike Pompeo said Tehran was behind the
Swedish green teen Greta Thunberg took part in a youth climate change protest on Friday outside the White House.
The U.S. Treasury is nothing more than a “jail warden”, Iranian Foreign Minister Mohammad Javad Zarif lamented Thursday, a day after Washington imposed fresh sanctions designed to end the illicit smuggling of oil by Iran shipping interests.
A large Iranian-registered shipping network created solely to transport and obfuscate the sale of Iran oil has been targeted with fresh sanctions by the Trump administration.
Former Vice President Joe Biden defended his decision to fundraise off Wall Street and oil interests at CNN’S climate change town hall on Wednesday.
Nicolás Maduro’s socialist regime in Venezuela is continuing to sell around 100,00 barrels of oil a day to communist Cuba, a senior union official told El Nacional this weekend.
Kenya began exporting its oil to the international market this week, a move described by President Uhuru Kenyatta as a momentous event in the African nation’s history.
China’s largest state-run oil company PetroChina will no longer make direct purchases of Venezuelan oil following the latest round of economic sanctions imposed by the U.S. against the Maduro regime, Bloomberg reported on Friday.
Former Vice President Joe Biden attacked the late-Sen. John McCain for not supporting “coal” adequately enough while campaigning in West Virginia during the 2008 presidential election.
The socialist regime in Venezuela announced on Thursday it will stop sending oil to its U.S.based oil refinery Citgo after the Trump administration handed control of the company to President Juan Guaidó.
Secretary of State Mike Pompeo announced on Tuesday that sanctions will be imposed on China’s Zhuhai Zhenrong Company and chief executive Youmin Li for purchasing Iranian oil in defiance of U.S. sanctions.
Iran’s manic swings between blaming U.S. sanctions for its economic woes and demanding immediate rescue from the Europeans, and dismissing those sanctions as an irrelevant trifle, continued on Wednesday as Iranian parliamentary speaker Ali Larijani insisted President Donald Trump has completely failed to intimidate Tehran.
Tehran — Iran’s oil minister has accused the United States of using sanctions to “shock” the global oil supply and gain market clout for its booming shale oil production.
(AFP) — Iran demanded Friday that Britain immediately release an oil tanker it has detained in Gibraltar, accusing it of acting at the bidding of the United States.
MADRID (AP) – The government of Gibraltar says it has detained a large tanker that is believed to be breaching European Union sanctions by carrying a shipment of Iranian crude oil to war-ravaged Syria.
Inspectors for the International Atomic Energy Agency (IAEA) on Monday confirmed a statement by Iranian Foreign Minister Mohammad Javad Zarif that Iran has violated the 300 kilogram limit on stockpiling enriched uranium established by the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA).
Iran’s parliament introduced a bill on Tuesday to begin collecting a toll from foreign ships passing through the Strait of Hormuz to compensate Iran for the expense of providing “security” for them.
Iranian President Hassan Rouhani said on Wednesday that negotiations with the United States might be possible if Washington lifts sanctions against Iran.
During an appearance on Tuesday’s broadcast of Hugh Hewitt’s nationally syndicated radio show, Secretary of State Mike Pompeo discussed the rising tensions in the Middle East regarding Iraq. Host Hugh Hewitt asked if Pompeo believed the Iranians were behind recent
A tanker allegedly filled with 130,000 tons of Iranian oil docked near the Chinese city of Zhoushan last week, concluding a four-month journey that may violate U.S. sanctions against Iran, depending on what happened to the cargo.
Saudi Arabia said on Tuesday that drones laden with explosives, evidently launched from Yemen by the Iran-backed Houthi insurgency, attacked two of its oil pumping stations.
Libya’s Government of National Accord (GNA) – the U.N.-recognized government currently under siege in Tripoli by one of the other major factions vying for control of the shattered country – on Thursday revoked the licenses of about 40 foreign oil and gas firms, including French giant Total.
A source in the Persian Gulf region “familiar with Saudi plans” told Bloomberg News on Wednesday that Saudi Arabia has received “moderate requests from customers for shipments next month, including from former buyers of Iran’s oil.”
Reuters on Tuesday took a close look at the adventures of the Chinese state-run CAMC engineering company, which somehow managed to pocket over a billion dollars from the socialist government of Venezuela for an agriculture project that never produced any food, even as the people of Venezuela descend into abject poverty and starvation.
Iranian President Hassan Rouhani on Monday criticized U.S. policies in the Middle East as “destabilizing” and said they would ultimately harm the American people.
Iranian Foreign Minister Mohammad Javad Zarif said in an interview with Iranian state media on Sunday that he will travel to North Korea in the near future. He said the date of his trip would be announced “soon.”
The White House announced on Monday that it would terminate waivers from U.S. sanctions granted to some of Iran’s biggest oil customers, in a major step towards the administration’s goal of reducing Iranian oil exports to zero.
The socialist regime in Venezuela is managing to avoid U.S. sanctions by funneling oil through Russian state energy giant Rosneft, an exclusive report by Reuters detailed on Friday.
United Conservative Party (UCP) candidate Jason Kenney defeated Rachel Notley and the left-wing New Democratic Party (NDP) in Alberta on Tuesday, ending four years of NDP rule in the conservative-leaning province and moving oil-rich Alberta into the coalition lined up against scandal-plagued Prime Minister Justin Trudeau in the upcoming national election.
President Donald Trump signed Friday a presidential permit to allow the completion of the Keystone Pipeline System.
Lawmakers on both sides of the aisle have been supporting or opposing the radical Green New Deal that would transform the American economy, infrastructure, and way of life.
A Gallup poll shows that Democrats — many of whom believe climate change will end civilization in 12 years — oppose nuclear power despite the fact that it is a clean energy resource with an overall good safety record.
Venezuela’s vital oil industry is on the brink of total collapse following a nationwide blackout that has further deepened the country’s economic and humanitarian crisis, the International Energy Agency warned this weekend.
