Oil Price
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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.
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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.