Smaller terminals such as Lavan, Sirri, and Jask cannot match Kharg's capacity. Estimates show Iran exports roughly 1–1.5 million barrels per day, and even a brief disruption could significantly cut supply.
Merin Rebecca Thomas
Apr 07, 2026
Oil prices continue to act as a major macro driver in the short term, boosting energy sector stocks while dragging on growth‑oriented sectors and reinforcing investor caution across global markets.
IBT Newsroom
Mar 15, 2026
The day's movement reflected a market recalibrating from short-term geopolitical fears toward more structural supply-demand pressures.
IBT Staff Reporter
Oct 09, 2025
The market showed cautious optimism, with investors monitoring supply-demand dynamics across North America and international markets.
IBT Staff Reporter
Oct 08, 2025
Brent crude surged nearly 10%, while WTI crude jumped 7.86% to $73.39 per barrel. Simultaneously, gold prices climbed over 1% to $3,445 per ounce, as investors sought safe-haven assets.
Olivia Harper
Jun 13, 2025
Gas prices across the country have dropped, with a new average price of $2.99 per gallon.
Carla St. Louis
Oct 30, 2024
Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said Monday, pointing to rising population and demand for energy worldwide.
AFP News
Aug 26, 2024
The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday.
AFP News
May 13, 2024
Rising tensions in the Middle East and Eastern Europe contribute to a significant surge in oil prices, reaching levels not seen in six months.
Jarin Noshin
Apr 02, 2024
The United States plans to refill its strategic oil reserve by the end of 2024 after the stockpiles reached historic lows last year, Energy Secretary Jennifer Granholm said Monday.
AFP News
Mar 18, 2024
Oil prices rose over 1% on Friday ahead of an OPEC+ decision on production cuts, driven by market expectations of supply constraints and geopolitical tensions in the Middle East.
Jarin Noshin
Mar 01, 2024
Israel's rejection of Hamas' ceasefire proposal and its commitment to continue attacks in Rafah influenced last week's rise in oil prices.
Jarin Noshin
Feb 12, 2024
Oil prices climbed due to geopolitical tensions stemming from ongoing efforts to negotiate a Gaza truce and U.S. actions against Middle Eastern militants.
Jarin Noshin
Feb 06, 2024
Oil prices shot up nearly 3% on Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Huthi rebels.
AFP News
Dec 18, 2023
The Maduro regime is threatening to destabilize the Caribbean in a bid for offshore oil reserves, in a move likely to invite back crippling US sanctions.
Jack Quinn
Dec 04, 2023
In Venezuela, sanctions relief coincides with a groundswell of support for Maduro's opposition, raising hopes for the oil industry's revival.
Jack Quinn
Oct 24, 2023
Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century.
AFP News
Sep 30, 2023
There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.
AFP News
Jun 03, 2023
Oil prices fell Friday, extending the previous day's losses, on worries about potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve may take several years.
Reuters
Mar 23, 2023
An expert said Saudi Aramco's historic profit is unsurprising given that the previous year saw higher energy prices exacerbated by the Russia-Ukraine war.
Kent Masing
Mar 13, 2023
At Davos, Saudi Arabia says curbing oil dependency a priority
AFP News
Jan 18, 2023
The improvement in the U.S. trade balance that followed the surge of energy exports is a mixed blessing for the U.S. economy.
Panos Mourdoukoutas Ph.D.
Nov 21, 2022
