TEHRAN- Iran exported non-oil commodities valued at $10 billion to Iraq during the first 10 months of the current Iranian ...

Iran, which sits on the world’s fourth-largest oil reserves, relies heavily on oil revenue, but sanctions have prevented it from pumping at anywhere near capacity since 2018. The refilling of ...

This week's Farda Briefing looks at Iran's continuing struggle with blackouts and how it is frustrating a public already at ...

A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

Saudi Arabia has become a central player in U.S. negotiations for a peace deal between Russia and Ukraine because of the crucial role oil exports play in global politics.

All architecture student Amirhossein Azizi wanted for his 19th birthday was the latest iPhone and for Iran's cash-strapped ...

The purchase is only possible after Iran lifted import bans on expensive goods like foreign cars and new iPhones, yielding to ...

There is no quick fix to Iran’s energy shortages, which will continue to limit economic activity. Iran holds the world’s second largest natural gas reserves and is the fourth-largest holder of oil ...

However, the discovery oil in Iran at the beginning of the 20th century gradually turned its hydrocarbon reserves into the primary source of earnings and relegated the mineral resources to a status of ...

A bipartisan trio of U.S. senators, led by John Fetterman (D-PA), introduced a new bill aimed at tightening controls on the sale of oil from the U.S. Strategic ...

Iran utilizes a “shadow fleet” of tankers and covert methods to evade sanctions and continue exporting oil, with China remaining its largest customer. While the sanctions aim to curtail Iran ...