Oil Price
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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.
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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.
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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.
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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.
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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.
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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.
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Ghalibaf mocks Trump administration for soaring gas prices
TEHRAN, Apr. 13 (MNA) – The Iranian parliament speaker has issued a warning to Americans to “enjoy” today’s gas prices, saying they will soon be “nostalgic” for $4–$5 per gallon fuel as the US threatens to impose a naval blockade on Iranian ports.
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Deal with Iran ‘sole way forward for US’: official
TEHRAN, Apr. 13 (MNA) – Iran’s Former Minister of Roads and Urban Development Mehrdad Bazrpash has said that striking a deal with Iran is the only way forward for the United States.
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Oil price rises as Iran dismisses Trump’s claim of talks
TEHRAN, Mar. 24 (MNA) – Oil prices rose on Tuesday amid heightened supply concerns, as Iran firmly rejected US President Donald Trump’s hollow claim of ongoing talks with Tehran to end the war.
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Trump miscalculated Iran’s retaliation as war costs soar
TEHRAN, Mar. 11 (MNA) – US President Donald Trump miscalculated Iran’s response to the ongoing aggression by a US-Israeli coalition, while the Strait of Hormuz remains virtually impassable with oil prices hiking up, a US newspaper says.
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Oil prices surge toward $90 amid tension in Strait of Hormuz
TEHRAN, Mar. 07 (MNA) – Crude prices increased to almost $90 on Friday as the Iranian armed forces continue to hit US assets in Persian Gulf and beyond in reaction to ongoing aggression on their country.
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Oil prices soar, stock markets fall amid regional conflict
TEHRAN, Mar. 02 (MNA) – Crude oil prices have risen sharply, while stocks are down, as investors weigh the fallout of the US-Israeli attacks on Iran.
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Oil up over 2% after Ukraine attacks on Russia
TEHRAN, Nov. 15 (MNA) – The Ukrainian strikes on Russia has sent shockwaves through global oil markets, pushing prices up by more than 2% amid fears of supply disruptions.