The United States on Wednesday sanctioned dozens of individuals, entities and vessels accused of being an Iranian oil and petroleum shipping network.

The U.S. is intensifying sanctions, targeting Chinese entities involved in trading Iranian oil and petrochemical products, ...

Ukrainian forces have used domestically produced drones and missiles to attack Russia's critical military and energy ...

U.S. Treasury Secretary Scott Bessent acknowledges China's position on oil purchases but suggests an overall trade deal ...

Treasury Secretary Scott Bessent said China’s dependence on Iranian and Russian oil is a key issue in upcoming trade talks.

Iranian crude builds up offshore as over 30 million barrels float near Malaysia, the highest in more than five years.

The U.S. government has imposed sanctions on six Indian companies accused of importing and marketing Iranian petroleum and ...

Iran is rich in oil, and taking away its capacity to sell it would limit the country’s revenue. The U.S. has used sanctions relief as a bargaining chip in the past to stop Iran from further ...

China’s imports of Iranian crude contracted by almost a third last month, in part due to subdued demand from private refiners ...

An estimated 30 million barrels of Iranian crude oil are floating unsold in Malaysian waters. China, the main buyer of the ...

The tankers, full of oil, sail from the Persian Gulf through the Strait of Malacca to the Riau archipelago. There, they transfer the crude to ships bound for China, which buys 90% of Iran's oil.

Iran exported 48 million tons of non-oil goods worth $16.5 billion in the first four months of the current Iranian calendar ...