Iranian Foreign Minister Mohammad Javad Zarif on Wednesday warned the United States of ‘consequences’ if it prevents Tehran from selling oil, after Washington ended sanction exemptions over the Islamic Republic’s energy exports.
The speaker of Lebanon’s parliament said Tuesday that Beirut is prepared to demarcate its maritime border with Israel, a move that could resolve an ongoing oil and gas dispute between the two neighboring countries, which are still technically at war.
Iranian lawmakers on Tuesday overwhelmingly approved a bill that labels all U.S. military forces as terrorist, state TV reported, a day after Washington ratcheted up pressure on Tehran by announcing that no country would any longer be exempt from U.S. sanctions if it continues to buy Iranian oil.
China signaled an intention to defy U.S. sanctions on Iran’s oil industry on Tuesday, denouncing the loss of a waiver renewal as an unacceptable threat against “normal energy cooperation” with Tehran.
Iraq and Saudi Arabia were preparing on Monday to reap the benefits of the Trump administrations decision to end sanction waivers on Iran’s oil customers.
The Trump administration is requiring all countries to stop buying oil from Iran or face U.S. sanctions, an escalation of a policy that could roil world energy markets.
Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported.
Many Muslim Kurds disillusioned with Islam are converting to Christianity in the Syrian border town of Kobani.
The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far.
In the latest move by the Trump administration to boost fossil fuels and cut back on regulations, President Donald Trump announced two executive orders on Wednesday that are aimed at cutting ‘unnecessary red tape’ for American energy companies by making it difficult for states to block projects by using the Clean Water Act.
The U.S. dollar is the dominant currency in oil trading, but Saudi Arabia is reportedly considering selling its crude in other currencies if American lawmakers pass an anti-OPEC bill.
At least 1 million acres (405,000 hectares) of U.S. farmland were flooded after the ‘bomb cyclone’ storm left wide swaths of nine major grain producing states under water this month, satellite data analyzed by Gro Intelligence for Reuters showed.
The Republican-led Senate Tuesday night voted against consideration of the Democratically-supported New Green Deal — the outline of an ambitious plan to get the U.S. off climate-changing fossil fuels.
Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major to operate in the country still technically at war with Gulf Arab states.
North Korea is covertly developing and testing nuclear arms and ballistic missiles at civilian facilities in a bid to prevent a “decapitation” military strike against its weapons plants and storage depots, according to a report by a UN panel of experts.
Iran’s defense minister warned Wednesday that the Islamic Republic would give a ‘crushing response’ if Israel followed through on a threat by Prime Minister Benjamin Netanyahu to stymie Iranian oil shipments.
By 2024, the United States will begin to export more oil than Saudi Arabia and become the world’s leading exporter by 2024, according to the International Energy Agency (IEA).
Opposition leader Juan Guaido shrouded the route and timing of his return in secrecy amid concerns he might be detained by Venezuela’s government. Yet he breezed through airport immigration checks and brazenly called for the downfall of President Nicolas Maduro at a rally where the presence of security forces was minimal.
The House approved a bipartisan public lands package Tuesday evening that permanently reauthorizes the popular Land and Water Conservation Fund, which Congress let expire in September.
In perhaps the worst flare of tensions between India and Pakistan in two decades, Indian fighter jets bombed Pakistani-controlled territory on Tuesday in a dispute over the contested region of Kashmir.