Iran’s crude output reached its highest level in 7½ years in late August, the managing director of NIOC said.
Iranian oil exports have eased in August compared with July but still averaged 1.63 million barrels per day over the first seven months of 2025 — above last year’s level despite ongoing US sanctions and the geopolitical tensions that triggered a 12-day conflict with Israel in late June.
Iran has managed to maintain elevated oil export levels this year so far — despite new sanctions and geopolitical tensions.
Brent crude rose about 1 per cent to near US$68 a barrel, after slumping 13 per cent over the past two days, while West Texas…
Traders appear to be hedging against worst-case scenario of a conflict between the two nations, analyst says
A successful Iran-Israel ceasefire would abate concerns over Tehran's crude supplies and the stability of oil transport through…
Oil prices surged about 20%, hitting their highest since July 2022.
The decline in imports meant that despite a spike in global crude oil prices, our total crude oil import bill fell by around 5%…
