If Iran is blocked, we will block the oil exports from the Gulf, Iranian President warns US

If Iran is blocked, we will block the oil exports from the Gulf, Iranian President warns US

Tehran/Geneva: In an apparent threat Iranian President Hassan Rouhani said, “The United States cannot stop the Iranian oil exports. However, if the United States tries to stop Iranian oil exports in the times to come, Iran will not let a single drop of Gulf oil to pass through the Persian Gulf.” A few hours ago, […]

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Iranian oil exports decline by 46% after the harsh US sanctions, say Iranian and international organisations

Iranian oil exports decline by 46% after the harsh US sanctions, say Iranian and international organisations

Tehran/London: Iran has started feeling the heat of the harsh sanctions imposed by US President Donald Trump. The Iranian oil exports have shown a decline to the extent of 46% compared to last year. The slide is not expected to stop here but may increase further in the coming months, said the Iranian officials. As […]

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US intensifies Trade war against OPEC & Russia; US crude oil exports to Europe hits record levels

US intensifies Trade war against OPEC & Russia; US crude oil exports to Europe hits record levels

Washington: The United States seems to have reaped the benefits of the agreement signed between the main organisation of oil-producing countries, OPEC and Russia for raising oil prices. Russia and OPEC had signed an agreement to reduce oil production with the objective of creating a hike in oil prices. The United States has taken advantage […]

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Iranian defence forces ready to protect Iranian oil tankers from US attacks, assert Iranian officials

Iranian defence forces ready to protect Iranian oil tankers from US attacks, assert Iranian officials

Tehran/Washington: ‘The Iranian defence forces are prepared to protect the Iranian oil tankers, as they were previously’, asserted the officials from the Iranian defence forces. Therefore, the Iranian oil tankers can take any marine route they wish, without any fears.’ Only last week, the United States had warned of action against the Iranian oil tankers. […]

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Don’t permit Iranian oil tankers to dock at your ports if you don’t want trouble, warns US State Department

Don’t permit Iranian oil tankers to dock at your ports if you don’t want trouble, warns US State Department

Washington: The western countries are continuing cooperation over crude oil with Iran despite the US-imposed sanctions, have been issued a stern warning by the United States saying, ‘No country should let the Iranian oil tankers dock in their ports or even enter their country waters. If any state allows an Iranian oil tanker to enter […]

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If US issues a naval blockade over Russia’s oil movement, it would mean war, warn Russian leaders

If US issues a naval blockade over Russia’s oil movement, it would mean war, warn Russian leaders

Moscow: ‘If the United States implements a naval blockade over the Russian oil trade, it will amount to declaration of war against Russia under the international laws,’ warned the head of the Russian Senate’s Information Policy Committee, Alexey Pushkov. At the same time, Pushkov criticised the statements made by the US Interior Secretary regarding Russia […]

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Oil rates may hit $100 a barrel, warn international financial institutions and leading oil companies

Oil rates may hit $100 a barrel, warn international financial institutions and leading oil companies

London/Washington: The oil rates jumped by 2% on Monday to settle at $80 per barrel. This takes the oil rates to its highest level since November 2014. This jump will continue and by the beginning of the year 2019, the oil rates would cross $100 per barrel, warned the companies from the oil sector. Severe […]

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One mistake by the US will cause Hormuz Strait’s oil transport to shut down, warns Iranian military chief

One mistake by the US will cause Hormuz Strait’s oil transport to shut down, warns Iranian military chief

Tehran: ‘The United States will have to pay a heavy price if it makes the mistake of stopping the Iranian crude exports. Iran will stop the entire crude oil movement from Arabian nations, passing through the Strait of Hormuz if the United States makes this mistake,’ warned the Iranian military chief, Major General Mohammad Hossein […]

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US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

Washington/Riyadh: President Trump has warned the leading countries in OPEC, the association of the oil producing countries, that if they do not take proper measures to reduce oil prices, the United States will not be responsible for their safety. Only last week, President Trump had made a sensational claim that King Salman of Saudi Arabia […]

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