Oil, Iran
Digest more
12hon MSN
Iranian gunboats unsuccessfully attempt to board US oil tanker as Trump builds military presence
Iranian gunboats unsuccessfully attempted to intercept a US oil tanker in the Strait of Hormuz on Tuesday before a US Navy vessel intervened, reports say.
Oil prices slid as investors dial back fears of a supply shock after Donald Trump said Iran was "seriously talking" with Washington over the weekend.
A U.S.-flagged tanker heading for Bahrain was approached and threatened by Iranian gunboats in the Strait of Hormuz, a British maritime security firm says.
Iran faces rising logistical expenses—from ship-to-ship transfers to tanker reflagging—meaning it pays more just to sell each barrel.
11don MSN
U.S. Sanctions Iran’s Oil Industry Over Protest Crackdown—But Reportedly Plans To Deport Iranians
The sanctions announced Friday are in addition to an initial round of penalties issued last week against several senior Iranian officials.
The Treasury Department announced it's sanctioning nine vessels that transport Iranian oil, as well as the ships' owners.
Iranian Shahed-139 drone shot down by F-35 jet over Arabian Sea • In separate incident, six Iranian gunboats approach US-flagged oil tanker in Strait of Hormuz
Oil rose in the morning Asian session amid U.S.-Iran tensions.
By Scott DiSavino NEW YORK, Feb 3 (Reuters) - Oil prices edged up on Tuesday after the U.S. shot down an Iranian drone approaching a U.S. aircraft carrier and armed boats approached a U.S.-flagged vessel in the Strait of Hormuz,