Oil Price

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.

Oil prices rise by 5% amid US escalated tensions

TEHRAN, Jul. 13 (MNA) – As US-created tensions continue to escalate in the region, Reuters announced that the global crude oil prices increased by 5%.

Oil rate skyrocketed as Israel intensifies attack on Lebanon

TEHRAN, Jun. 01 (MNA) – The global price of oil has significantly increased as the Israeli regime forces move deeper into southern Lebanon in violation of truce that has been in place for over six weeks.

Middle East hostilities rapidly burn out global oil reserves

TEHRAN, May 10 (MNA) – Global oil reserves are rapidly declining due to the ongoing Middle East conflict and restrictions on shipping in the Strait of Hormuz.

Oil up 3% after Iran attacked US warship

TEHRAN, May 04 (MNA) – Oil prices rose over 3% on Monday after Iran struck a US warship and forced it to turn back from entering the Strait of Hormuz.

Iran warns US junk advice pushing oil to $140

TEHRAN, Apr. 30 (MNA) – Iranian Parliament speaker mocked US president’s warnings that Iran’s oil wells could explode, calling it “junk advice”, saying that Washington’s blockade threats are instead driving global oil prices toward $140 per barrel.

Iran’s oil price per barrel tops $110 at global market

TEHRAN, Apr. 29 (MNA) – Iran’s oil price at the international market increased by more than $3 per barrel and exceeded $110 per barrel.

Oil prices rise as Iran continues restrictions for US

TEHRAN, Apr. 27 (MNA) – Oil prices have risen after Iranian officials emphasized that the Strait of Hormuz will “under no circumstances” return to its previous state for the United States and its allies.

Oil prices jump about 5% over US action

TEHRAN, Apr. 20 (MNA) – Oil prices jumped about 5% in Monday after the US Navy action in continued its naval bolckade against Iran and closure of Strait of Hormuz.