Oil Price
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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.
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OPEC+ to raise output for first time since 2022
TEHRAN, Mar. 04 (MNA) – The Organization of the Petroleum Exporting Countries and its allies, a grouping known as OPEC+, has decided to go ahead with plans to increase its production in April after three years of imposing cuts.
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Iran's heavy crude oil prices surge in January: OPEC
TEHRAN, Feb. 13 (MNA) – According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.
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Oil prices drop after Israel's limited strikes on Iran
TEHRAN, Oct. 28 (MNA) – Oil prices fell by more than 5%, below $73 per barrel, after Israel's Saturday strike against Iran spared the country's oil installations, media reports.
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Oil shoots up on the back of Middle East conflict
TEHRAN, Oct. 02 (MNA) – Prices for West Texas Intermediate (WTI) crude and Brent futures both rose more than 2% Wednesday after overnight missile attacks by Iran and Israel erupted tensions in the region.
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Oil prices jumped in reaction to Hamas leader assassination
TEHRAN, Jul. 31 (MNA) – After the announcement of the assassination of Hamas leader Haniyeh in Tehran, Oil prices jumped, with Brent crude climbing 1.5% to just below $80 a barrel.
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Global crude oil prices fall on demand concerns
TEHRAN, Jan. 22 (MNA) – Global crude oil prices fell on Monday amid persistent demand concerns which offset geopolitical concerns in West Asia and an attack on a Russian fuel export terminal over the weekend, media reported Monday.
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Putin extends countermeasures on oil cap until June 30, 2024
TEHRAN, Dec. 18 (MNA) – Russian President Vladimir Putin signed on Monday a decree to extend countermeasures against the West and its oil price cap.
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Saudi Crown Prince threatened to damage US economy: media
TEHRAN, Jun 09 (MNA) – Crown Prince bin Salman privately threatened to harm the American economy after Biden warned Riyadh of “consequences” for agreeing on an oil production cut with Russia, an American newspaper reported, citing leaked material.
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Oil prices extend losses on fears of recession
TEHRAN, Apr. 21 (MNA) – Oil prices eased on Friday, extending losses from the two previous days and heading for a weekly decline, as softening US economic data and a rise in US gasoline inventories raised concerns about a recession.