DUBAI -Iran's oil minister landed on Kharg Island, home to the country's main export terminal, and held talks with a naval commander on Sunday, the oil ministry's news website Shana reported, amid ...
Whatever happens, oil prices look set to be nearer $50 a barrel than $100 for the foreseeable future. Only an all-out war in the Middle East can change that outlook.
While Iran can export 1.7 million barrels, Saudi Arabia, alone, has been able to increase production by three million barrels per day. President Joe Biden stated he was opposed to strikes on Tehran’s ...