Oil

US imposes sanctions on global financial network facilitating Iranian oil sales

The US has sanctioned a financial network tied to Iranian oil sales, targeting entities in Hong Kong and the UAE to disrupt funding for Iran’s military and proxies.

 The IRGC’s control over Iran’s oil industry has grown to such a point, experts now estimate 50% of the country's oil wealth is siphoned to the military organization
A man walks nex to the charred remains of a trailer, one of the vehicles damaged in a gas tanker explosion on Ignacio Zaragoza Avenue, where multiple individuals sustained burn injuries after the tanker overturned, in Mexico City, Mexico, September 10, 2025.

Tanker truck explodes on Mexican highway, killing three and injuring 70

A drone view shows oil tankers loading crude oil at the Basra Oil Terminal in Iraqi territorial waters, off the coast of Basra, Iraq, August 5, 2025. REUTERS/Mohammed Aty

US imposes sanctions on network for transporting Iranian oil

Residents walk at the site of an apartment building hit during Russian drone and missile strikes, amid Russia's attack on Ukraine, in Kyiv, Ukraine August 28, 2025.

Russian overnight attack on Kyiv kills 15, injures 38, Ukraine says


UK sanctions Iranian oil magnate accused of destabilization activities

Following suspicions of participating in "destabilization activities," multiple sanctions have been launched against Iranian oil magnate and associated entities.

 On March 12, 2017, a view of an Iranian oil facility on Khark Island in the Persian Gulf

Once and for all: Is sunflower oil dangerous for you?

Recently, more and more questions have arisen about sunflower oil. Is it really unhealthy for you, and what does it contain?

Dangerous or not?

Bazan enters oil production market with $100m. investment in US firm

Israeli energy group Bazan buys 52% stake in US oil firm Cantium, marking its strategic entry into upstream operations.

Bazan Chairman Moshe Kaplinsky

Ancient oil lamps reveal hidden Jewish legacy of Spanish church

Archeologists suggested that, if confirmed as a synagogue, it could be among the oldest known in Spain, possibly the earliest.

Ancient oil lamps reveal hidden Jewish legacy of Spanish church.

Fire contained at Iran's Abadan refinery, one dead, SHANA says

The refinery, like almost all Iranian oil and gas processing plants, needs major works and renovation.

 A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015

Drone attack targets Tawke oilfield in Iraq's Kurdistan

A drone attack targeted an oilfield in Iraqi Kurdistan this Thursday, in what represents a big hit that lowers oil output between 140,000 and 150,000 barrels per day.

Smoke rises after a drone attack targeted oil facilities in the Zakho area of Iraq's Kurdistan region, Iraq July 16, 2025.

Drone strikes shut oilfields in Iraq's Kurdistan, cut output by up to 150,000 bpd

Several oilfields halted operations due to significant infrastructure damage, the Kurdistan region's Natural Resources Ministry said.

 Smoke rises after a drone attack targeted oil facilities in the Zakho area of Iraq's Kurdistan region, Iraq July 16, 2025.

US Embassy condemns drone attacks on Iraq's oil fields

The drone attacks have been a continued source of concern for Erbil and the Kurdistan regional authorities, who govern the Kurdish autonomous region in northern Iraq.

A view of a damaged building following missile attacks, in Erbil, Iraq, January 16, 2024

Iran accuses Israel of 'environmental war crimes' during 12-day war

Iran's Department of Environment condemned Israel's targeting of fossil fuel storage facilities and industrial infrastructure, calling it "a destructive assault on the natural environment"

 Iranian flags fly as fire and smoke from an Israeli attack on Sharan Oil depot rise, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025.

Treasury Dept. designates 22 entities linked with selling Iranian oil for IRGC-QF

Refineries purchase Iranian oil, and then transfer payments to these front companies, who in turn, move funds to other front company accounts also controlled by IRGC-QF, OFAC stated.

 The IRGC’s control over Iran’s oil industry has grown to such a point, experts now estimate 50% of the country's oil wealth is siphoned to the military organization

US imposes fresh sanctions targeting Iran oil trade, Hezbollah

The US has imposed waves of sanctions on Iran's oil exports over its nuclear program and funding of terrorist groups across the Middle East.

 Valve on an Iranian gas pipeline (illustrative)