Oil Price

Senior lawmaker:

Oil prices could rise to $150 a barrel if war on Iran resumes

TEHRAN, Oct. 25 (MNA) – The chairman of Energy Commission at the Iranian parliament has predicted that the rising oil prices could go up to over 150 pbd if the war on Iran resumes.

IRGC spox reacts to rising oil prices with an image

TEHRAN, Oct. 24 (MNA) – IRGC spokesman Brigadier General Hossein Mohebbi posted an image of a burning oil tanker depicting Brent crude prices rising from $116 to $117 per barrel.

Oil prices gain more than $1 after Yemen strikes on KSA

TEHRAN, Oct. 22 (MNA) – Oil prices rose by more than $1 a barrel on Thursday as more Yemen attacks on Saudi Arabia stoke concerns over a broader escalation of regional conflict and further disruptions to West Asia supplies.

Oil prices rise as Brent hits $110 on WA supply concerns

TEHRAN, Oct. 21 (MNA) – Oil prices have risen on Wednesday on West Asia supply concerns, with traders wary of Red Sea shipping risks.

Oil prices surge toward $110 a barrel

TEHRAN, Oct. 18 (MNA) – Oil prices surged Friday, with Brent crude approaching $110 a barrel.

Oil prices edge higher as traders weigh Saudi supply risks

TEHRAN, Oct. 14 (MNA) – Oil prices are continuing their upward trajectory, with Brent crude futures gaining 89 cents, or 0.8 percent, as of 00:30 GMT to reach $106.58 a barrel.

Oil prices climb past $101 a barrel

TEHRAN, Oct. 08 (MNA) – Oil prices are extending their upward climb, with Brent crude futures gaining $1.33, or 1.33 percent, to reach $101.53 a barrel as of 01:16 GMT on Thursday.

Specter of horror awaits US economy: Iran’s parl. speaker

TEHRAN, Oct. 07 (MNA) – In his reaction to the statements of US Secretary of Treasury Scott Bessent, Iranian Parliament Speaker Mohammad Bagher Ghalibaf, by posting an economic meme, wrote, “Boo! Are you ready for it to capture your soul?

Oil prices climb above $101 a barrel

TEHRAN, Oct. 07 (MNA) – Oil prices are continuing their upward trajectory, with Brent crude futures gaining 93 cents, or 0.92 percent, to reach $101.51 a barrel as of 00:22 GMT.

Crude prices rise sharply again, Brent nears $110 per barrel

TEHRAN, Oct. 06 (MNA) – Oil prices are rising sharply again following the conflict in the West Asia region in a way that West Texas Intermediate (WTI) and Brent crude oils registered a considerable price hike.

Oil prices hold steady amid US-Iran talks

TEHRAN, Oct. 01 (MNA) – Oil prices held largely steady during early trading in Asia on Thursday.

Oil prices climb to $106 a barrel

TEHRAN, Sep. 29 (MNA) – Oil prices are rising for a second successive session, with Brent crude futures gaining 63 cents, or 0.6 percent, to reach $105.91 a barrel as of 00:30 GMT.

Oil prices climb after Trump rejects Iran’s peace proposal

TEHRAN, Sep. 28 (MNA) – Oil markets have opened in Asia, with prices rebounding after Trump rejected a peace proposal put forward by Iran.

Iran lambastes US who blames Iran for rising fuel price: spox

TEHRAN, Sep. 22 (MNA) – Iranian Foreign Ministry Spokesman Esmaeil Baghaei has lashed out at the US officials who blame Iran for rising the fuel prices on the international stage, emphasizing tha the US is the prime cause for skyrocketing oil prices.

Average price of diesel fuel in US hits a new record high

TEHRAN, Sep. 20 (MNA) – The American Automobile Association in its latest report has announced that the US diesel fuel prices hit a new record of high, $6.49 per gallon.

Senior Iran MP terms US treasury sec.’s claims baseless lies

TEHRAN, Sep. 20 (MNA) – The chairman of the Iranian Parliament’s National Security Committee hit back at US Treasury Secretary Scott Bessent over claims that Iranians are waiting three to four hours in line for gasoline, calling them “baseless lies.”

Amid regional tensions;

Hormuz shipping traffic declines, crude prices climb

TEHRAN, Sep. 15 (MNA) – The number of ships passing through the Strait of Hormuz continued to dwindle in the wake of intensifying attacks in the West Asia region, shipping data showed.

Oil prices climb above $107 a barrel

TEHRAN, Sep. 14 (MNA) – Oil prices rose more than 3% on Monday, with Brent crude futures gaining $3.21, or 3.1 percent, to reach $107.82 a barrel as of 03:40 GMT.

Ghalibaf mocks Washington’s efforts to curb rising oil prices

TEHRAN, Sep. 11 (MNA) – Iran’s parliament Speaker has mocked Washington’s efforts to curb rising oil prices, saying US measures, including market interventions and release of strategic reserves, have failed to stop the surge in crude prices.

Oil prices climb towards $100 a barrel

TEHRAN, Sep. 09 (MNA) – Oil prices have continued their upward trajectory for the fourth straight session, with Brent crude futures rising $1.57, or 1.6 percent, to $99.49 a barrel as of 00:01 GMT.

Oil prices climb on mounting Middle East supply fears

TEHRAN, Sep. 08 (MNA) – Oil prices are continuing their upward trajectory, with Brent crude futures climbing 34 cents, or 0.35 percent, to $97.34 a barrel as of 00:00 GMT.

Oil prices rise after US, Iran trade fire in Strait of Hormuz

TEHRAN, Sep. 07 (MNA) – Oil prices have extended their gains as renewed strikes between the US and Iran on ships transiting the Strait of Hormuz raise concerns of prolonged supply disruptions.

Oil prices rise amid latest US-Iran fighting

TEHRAN, Sep. 01 (MNA) – Oil prices gained as the resumption of fighting between the US and Iran in the Middle East renewed fears of ⁠supply disruptions from the world’s key crude-producing region.

U.S. consumers bearing cost of energy market manuipulation

TEHRAN, Aug. 29 (MNA) – Foreign Minister Seyed Abbas Araghchi says that attempts by U.S. elements and media outlets to influence global energy prices are ultimately burdening American consumers.

Oil prices rise for fourth straight day

TEHRAN, Aug. 19 (MNA) – Oil prices are extending their gains for a fourth consecutive session, with Brent crude futures rising 26 cents or 0.29 percent to $91.28 a barrel as of 00:04 GMT.

Oil prices maintain gains made last week

TEHRAN, Aug. 17 (MNA) – Oil prices remained steady at the start of trading this morning, maintaining gains made last week.

Oil edges higher as US, Iran hit impasse over Hormuz strait

TEHRAN, Aug. 11 (MNA) – Oil prices climbed on Tuesday after Trump countered Iran’s terms to reopen the Strait of Hormuz.

Oil rises as Strait of Hormuz reopening remains uncertain

TEHRAN, Aug. 10 (MNA) – Oil prices have climbed as markets reopened in Asia after the weekend amid continued uncertainty over the reopening of the Strait of Hormuz.

Oil prices climb due to uncertainty over Strait of Hormuz

TEHRAN, Aug. 08 (MNA) – Oil prices climbed sharply through Friday after starting the day under pressure, as traders continued to react to uncertainty surrounding the Strait of Hormuz and negotiations involving Iran and Oman.