Iran News

 

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

4 hours ago

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since January as investors price in an increased probability of a major disruption in Middle East oil supplies.Part of the reason for the rapid spike is that…

Analysts: Trump Hardening Iran Policy Might Not Stem Flow to China

Nov 06, 2024

Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer…

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