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Oil prices

History of Iran-US oil conflict

Iran and the United States of America conflict on oil dated back to 1953, when the US in collaboration with the then British government overthrew the government of nationalist prime minister Mohammad Mosaddeq, who was leading the oil nationalization movement against Britain.

Iran Will Break US Sanctions

Iranian President Hassan Rouhani says Iran will break the sanctions imposed by the United States on Tehran as well as on countries that do business with it, shortly after a round of anti-Iran sanctions by America took effect.

India Gets US Waiver to Continue Iran Oil Imports

Officials in New Delhi say the United States has agreed to grant India a waiver from Iran sanctions so that the country would be able to maintain imports of crude oil from the Islamic Republic.

S. Arabia Can Use oil as Weapon

Hours after Saudi Arabian government threatening statement to retaliate US likely sanctions, the general manager of the Saudi-owned Al-Arabiya satellite news network threatened Washington with $200 oil and coming close of the country to Iran and Russia.

Iran Sanctions Could Spur Oil to $100/b

Sanctions against Iran could contribute to a 'nasty gap' in the market at year-end, with oil prices potentially reaching $100/b, but probably not for a prolonged period, Standard Chartered bank's head of commodities research, Paul Horsnell, said.

Saudi Arabia Declares Inability to Affect Oil Market

Saudi Energy, Industry and Petroleum Minister Khalid Al-Falih said on Sunday that his country was unable to influence oil prices, two days after US President Donald Trump asked OPEC to reduce fuel prices.

Saudi Arabia, UAE Turning OPEC Into US Tools

Iranian representative to OPEC said that Saudi Arabia and the United Arab Emirates (UAE) are turning OPEC into an instrument for the United States, which undermines the credence of the organization, and OPEC is now without identity and effect.

Iran Sanctions to Push Oil Prices to $95 Bpd: Italian Daily

Italy's Wall Street newspaper referred to the US withdrawal from the 2015 Iran nuclear deal and the resumption of sanctions on the country, saying the anti-Iran sanctions could boost oil prices to $ 95 per barrel.

IMF Warns Riyadh of Deficit, Increasing Spending

The International Monetary Fund has warned Saudi Arabia to increase spending after rising oil prices and urged it to limit the cost of salaries.

Oil Prices Rise after Yemen Attacks on Saudi Tanker

Crude oil prices have risen and the United States’ stockpiles have dwindled following an attack by Yemen’s Armi and popular committee on Saudi Arabian tankers, Bloomberg revealed yesterday.

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