Gas prices hit an average of $3.89 a gallon nationwide and global oil prices surged after Israel attacked a critical Iranian ...

India was a major buyer of Iranian crude, peaking at about 11.5% of its total purchase, before 2018 sanctions tightened.

Roughly one-third of recent crossings involve ships with Iranian connections, including Iranian-flagged vessels or those under international sanctions for links to Tehran’s oil trade. Other ships ...

Kazakhstan is seeking to secure a Chinese or Western company to jump start the stalled Kalamkas–Khazar offshore oil development project in the Caspian Sea after current operator Lukoil was hit by US ...

Iran intensified its attacks on oil and gas facilities around the Gulf on Thursday in retaliation for an Israeli attack on a ...

Gas prices hit an average of $3.89 a gallon nationwide and global oil prices surged after Israel attacked a critical Iranian natural gas field.

Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.

Washington is considering easing sanctions on some Iranian oil to to help prevent a crunch in energy markets, after doing the same for Russia and Venezuela. “In the coming days, we may unsanction the ...

Treasury Secretary Scott Bessent said Thursday that the United States may lift sanctions on Iranian oil already in transit to ...

Bessent's remarks about lifting sanctions on Iranian oil to curb rising gas prices were met with confusion and criticism.

The plan to remove sanctions on Iran comes a week after the Trump administration temporarily eased sanctions on Russian oil.

U.S. President Donald Trump was sheduled to host Japan's Sanae Takaichi for an extended White House summit on her first visit ...