Weak demand domestically and the impact of the Iran war on oil prices overshadowed the country’s strong exports.
Iran Threatens To Halt All Mideast Energy Exports After Trump Reimposes Naval Blockade
The U.S. has resumed striking Iran during daylight — a move that further signaled the increasing tempo in attacks.
Oil edges higher after US reimposes naval blockade of Iran, launches more airstrikes
Oil prices rose Wednesday after U.S. forces struck Tehran and Washington reinstated its naval blockade of Iranian ports near the Strait of Hormuz.
Iran live updates: US launches daytime strikes, IRGC claims targeting of US bases
President Donald Trump announced “major combat operations” against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites. Delegations from …
Iranian oil tankers signal Pakistan as next stop in unusual move amid US blockade
Iranian crude tankers Rani and Amil altered their destination to Karachi. Pakistan hasn’t imported Iranian oil for a decade.
China misses growth target for first time since Covid as Iran turmoil roils global trade
China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year.
Iran appears to be preparing a major test of America’s blockade
Just before the United States reimposed its naval blockade of Iranian ports Tuesday afternoon, Iran appeared to be readying blockade-busting vessels in the Persian Gulf that could attempt to evade US …
Oil Prices Jump 9% After Back-and-Forth Strikes by U.S. and Iran
The continued cycle of attacks between Iran and the United States in the Persian Gulf posed fresh risks to ships seeking to navigate the Strait of Hormuz, testing markets on Sunda …
US launches fresh Iran strikes as CENTCOM resumes naval blockade
U.S. Central Command said it completed a five-hour mission of strikes against Iranian targets as service members are gearing up to reimpose a naval blockade Tuesday.
US launches new strikes on Iran as blockade resumes: Live updates
The hostilities come as both sides vie for control of the Strait of Hormuz, the shipping lane that, up until the war, operated as a free-trade route.