Iran
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Crude Oil
Iranian Hiding Millions of Barrels Oil for Markets
In what looks to be an indication of dishonor for Washington, Chinese firms have continued to import Iranian crude; however, somewhat of reporting the crude imports, which would intrude US sanctions, they’re stocking the oil in bonded storage tanks situated at Chinese ports. The phenomenon began when Washington reimposed sentences back in Might. And two months later, Iranian crude remains…
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Crude Oil
Iran’s Step Back & Return To Negotiations
Oil extended losses below $60/bbl on the prospect of easing tensions between the U.S. and OPEC member Iran, and because the Gulf of Mexico, producers began resuming operations after a storm. Futures fell as much as 3.2% in New York on Tuesday, after Secretary of State Mike Pompeo stated Iran, which has been hit by American sanctions over its weapons…
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Crude Oil
Trump Seeks Talks with Iran Following Iran’s War Threats
Trump stated on Sunday he was not seeking battle with Tehran after a senior Iranian army commander threatened any struggle in the Gulf region could spread uncontrollably and take the lives of US troops. Tensions remain high between longtime foes Iran and America after Trump mentioned on Friday that he called off an army strike to retaliate for Iran’s shooting…
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