The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot", ...

The refinery Treasury Department targeted for sanctions is China-based Shandong Shouguang Luqing Petrochemical Co., Ltd.

A map of Iranian oil refineries and terminals. Kharg Island is Iran's biggest oil export terminal. A map showing sites of Iranian oil refineries and terminals Showing a low-resolution version of ...

The stepped up sanctions lifted crude oil prices, with West Texas Intermediate crude traded on the New York Mercantile Exchange up 1.8% at $68.38 a barrel, and international benchmark Brent up 1.8% at ...

Ukraine's strikes on Russian energy sites will have to stop temporarily, following Russia's agreement to begin the limited ...

Languages: English and Farsi Oil prices rose for a second consecutive day after the U.S. tightened sanctions on Iran's oil sector, intensifying economic pressure on Tehran. The fresh sanctions ...

BEIJING: Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns ... Margins for a typical refinery in Singapore processing ...

Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as global refining margins remained strong.