Oil prices rise as Iranian crude exports fall

Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico because of Hurricane Michael. Benchmark Brent crude <LCOc1> jumped by $1.13 a barrel to a high of $85.04

Volvo halts Iran truck assembly due to U.S. sanctions

Swedish truckmaker AB Volvo <VOLVb.ST> has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said on Monday. The sanctions against Iran, reimposed on Aug. 6 by U.S. President Donald Trump after his decision to pull out of a nuclear deal

Oil hovers near $80, supply concern expected to underpin prices

LONDON (Reuters) - Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to cover a supply shortfall once U.S. sanctions on Iran come into force outweighed an increase in U.S. inventories. Brent crude futures <LCOc1> were down 15 cents at $78.88 a

Oil prices rose amid looming U.S. sanctions against Iran’s petroleum industry

By: Middle East Affairs On Tuesday, oil prices ascended in the midst of approaching U.S. sanctions against Iran's oil industry, notwithstanding endeavors by Washington to get other significant providers to compensate for the normal interruption. U.S. West Texas Intermediate (WTI) rough fates were at $67.64 per barrel at 0622 GMT, up 10

The United States constantly sends messages to Iran to begin negotiations

By: Middle East Affairs On Saturday, Iranian President Hassan Rouhani said in a speech broadcast on state television: "The United States constantly sends messages to Iran to begin negotiations." Pressures increase amongst Iran and the United States after President Donald Trump hauled out of a historic point atomic manage Iran in May