The Iranian military has the capability to blockade the Strait of Hormuz if necessary, says Iran's naval commander.

Iran's Oil Minister has dismissed the effectiveness of the renewed US "maximum pressure" campaign, stating that efforts to ...

The rial has sunk to a record low of 872,000 rials to $1 after Iran's supreme leader Ayatollah Ali Khamenei refuses ...

The sanctions—primarily on Iran's oil business, weapons sales, and financial transactions—severely harmed Iran’s economy. As one of the world's largest producers of crude oil, prices went ...

Fuel oil margins climbed after U.S. President Donald Trump reimposed a stricter policy on Iran, though trade sources expect a ...