Oil
Iran sets conditions to resume negotiations with the US
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Iran rejects the possibility of resuming negotiations with the US until Washington meets the conditions set by Tehran to end the conflict.
Oil from Saudi Arabia to Asia may be slower than ever
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The oil transportation time from Saudi Arabia to Asia could extend to 100 days for the entire round trip if the Bab al Mandab strait is closed.
Hungary demands European compensation for abandoning Russian oil and gas
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Hungary wants the European Union (EU) to provide financial support to member countries under pressure when cutting energy supplies from Russia.
Saudi Arabia declares response to Houthi attack
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The attack on oil infrastructure poses Riyadh with a difficult problem: containment or escalation, amidst the already tense energy market.
US fires 4 missiles at Iranian oil tanker
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Iranian oil tanker hit by US missiles near Kharg Island, amid escalating tensions in the Strait of Hormuz.
US rejects accusations of oil seizure in Venezuela after largest exploitation deal in history
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US Energy Secretary Chris Wright affirmed that the US does not occupy Venezuelan oil and pledged to invest capital and technology in exploiting this resource.
US reaches largest oil deal in history with Venezuela
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President Donald Trump announced that the US has just reached an agreement with Venezuela to control more than 65 billion barrels of oil, calling it the largest deal in history.
Iran almost stops exporting oil to foreign markets
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Iran has almost stopped exporting oil to foreign markets, but the Governor of the Central Bank affirmed that the country still has foreign exchange reserves.
UAE oil tanker attacked by missile in the Strait of Hormuz
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A UAE oil tanker was hit by a missile while passing through the Strait of Hormuz, but no casualties were recorded.
Iran agrees to open temporary maritime route through the Strait of Hormuz
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Iran said it has reached a preliminary agreement with Oman on opening a temporary maritime route through the Strait of Hormuz, which can operate for 2-4 months.
Trump declares Venezuelan oil is a US spoils of war
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US President Donald Trump declared Venezuelan oil a US "spoils of war" after the military campaign to overthrow President Nicolas Maduro's administration.
World oil prices suddenly plummet, Brent drops to near 3-week low
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Brent oil prices fell below $82/barrel for the first time since mid-July, marking one of the strongest declines in weeks.
The oldest US refueling aircraft appears in the Persian Gulf
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The Boeing KC-135R Stratotanker refueling aircraft has served for more than 66 years in the US Air Force, and is recorded operating in the Persian Gulf airspace.
Iran still sold tens of billions of USD of oil during the conflict
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The Iranian Ministry of Oil said it had sold a total of 18 billion USD of oil during the conflict with the US as well as during the ceasefire.
Oil supply is difficult to recover even when the Strait of Hormuz reopens
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The International Monetary Fund (IMF) believes that even if the Hormuz Strait is completely reopened, oil supplies from the Middle East still need about 2-3 months to recover significantly.
