Iran

Oil Prices Could Reach Unimaginable Heights If Saudi Arabia, Iran Go to War

In an interview Sunday on CBS's 60 Minutes, Saudi Arabia's Crown Prince Mohammed bin Sultan said that a war between his country and Iran would send crude oil prices soaring: ...
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Why China Imports Much More Saudi Oil Than the US

Saudi Arabia has responded to the reimposition of U.S. sanctions on Iranian oil sales by directing more oil to China and less to the United States. According to U.S. Energy ...
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How a ‘Game of Drones’ May Have Influenced U.S. Response to Drone Downing

The New York Times reported Thursday that President Trump first authorized a retaliatory strike against Iran for shooting down a U.S. surveillance drone and then withdrew the authorization following what ...
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6 Most Important Things in Business Today

The United States cannot prevent Iran's export of oil, the country said. According to Reuters: The United States will not be able to stop Iran exporting its oil and any ...
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US Reimposes Iran Sanctions; Crude Prices Move Higher

U.S. Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin on Monday announced the reimposition of U.S. sanctions on Iran related to that country's nuclear development program. The sanctions ...
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8 Nations Facing Sky-High Interest Rates and Inflation

The year 2018 has turned out to be both interesting and challenging when it comes to the world's financial markets and economies. The United States has been the world's safe ...
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Oil Is Going Higher This Fall: 4 High-Yielding Energy Stocks to Buy

Even though we saw an almost 15% decline in the spot price of oil this summer, autumn may be destined to be a far different story. After the first tranche ...
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Oil Smuggling Could Be a $133 Billion Business

In 2018, global demand for oil is expected to reach about 100 million barrels a day. At an average price per barrel of $75, the total value of the global ...
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Crude Oil Price Jumps on Iran, Lower Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 2.2 million barrels last week, maintaining a total ...
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Sanctions on Iran Cost Boeing, Airbus About $20 Billion Each

When the U.S. president announced Tuesday that he was pulling the country out of the six-nation agreement with Iran that resulted in the lifting of trade sanctions against that country ...
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Boeing Agrees to $3 Billion Sale of 737s to Iranian Carrier

Boeing Co. (NYSE: BA) on Tuesday confirmed that the company has signed a memorandum of agreement with Iran Aseman Airlines calling for the purchase of 30 Boeing 737 MAX airplanes ...
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Cyberattacks From Iran Intensify, Financial Sector Could Be Targeted

One of the firm promises of candidate Donald Trump was "to dismantle the disastrous deal with Iran." As President Trump, he imposed additional sanctions on Iran following a recent ballistic ...
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Oil pumps

Crude Oil Price Slides on Iran Sales, Rising US Rig Count

The per-barrel price for West Texas Intermediate (WTI) crude oil slipped by about a dollar in Monday's futures market to around $52.90. A continuing rise in U.S. drilling rigs and ...
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Iran to Get 50% Discount on $17 Billion Boeing Order

By now most people know that when The Boeing Co. (NYSE: BA) or Airbus or any other commercial plane manufacturer announces a firm contract, the total value of the contract ...
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Airbus, Iran Sign Deal for 100 Airplanes

Airbus Group SE announced Thursday that it has signed a firm contract with Iranian flag carrier Iran Air for 100 aircraft. The order includes 46 A320 family, 38 A330 family ...
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