Get to know the Persian Gulf Star Refinery, the largest gasoline producer in Iran
The Persian Gulf Star Refinery, Iran's largest gasoline producer and the world's largest gas condensate refinery, plays an unparalleled role in Iran's energy supply by producing more than 45 percent of the country's fuel portfolio.
Iran’s oil discount to China reaches its highest level in a year
As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.
Arak Machine Manufacturing Board Resigns Over Petrochemical Project
This resignation is related to a project called Hirsa Polymer Sahand Petrochemical, which has serious uncertainties about how it will be handed over to a second-hand contractor.
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Trump’s Dangerous Gambling: What are the Consequences of Closing the Strait of Hormuz?
Approximately 30 percent of the world’s oil and a third of the world’s LNG (liquefied natural gas) pass through the Strait of Hormuz every day. With tensions escalating between Iran and Israel and the US joining the war, closing the Strait of Hormuz is one of the options on the table for Iran to pressure its enemies, a move that would immediately reduce global oil supplies and drive up prices.
Does the oil market take the possibility of the Strait of Hormuz being closed seriously?
The CEO of Italy's Eni said the oil market has shown no signs of concern about the closure of the Strait of Hormuz and prices have not yet reached levels above $80. He said the closure of the Strait would primarily harm Iran and increase the likelihood of US intervention.
Oil prices rise as tensions between Iran and Israel escalate
Rising concerns about the escalation of military conflict between Iran and the Zionist regime and the possibility of disruption to oil supplies from the key Middle East region increased oil prices.
Suspicious fires on three oil tankers near the Strait of Hormuz; Is Israel involved?
Three oil tankers caught fire near the Strait of Hormuz amid rising tensions between Iran and Israel; Ambrey Maritime Security confirmed the incident, and NASA has recorded three active fire spots in the area.
Oil tanker fares in the Persian Gulf have become up to 60% more expensive
The cost of transporting oil by supertankers from the Persian Gulf to East Asia has increased by 60 percent in the wake of rising tensions between Iran and Israel. The ship booking market has been brought to a virtual standstill, with many Iranian tankers moving further away from ports, as the risk of crossing the Strait of Hormuz and concerns about disruption to maritime traffic have increased.
The Strait of Hormuz tanker fire incident is not a “security” incident
Rejecting rumors of an attack or sabotage in the recent fire incident on three oil tankers near the Strait of Hormuz, Ambrey Maritime Security Company announced that the incident was not a "security" incident and likely occurred due to a technical collision between two vessels.
Spokesperson for fuel station owners: Fuel supply in Tehran will not be interrupted
A spokesman for the fuel station owners said: "Fuel supply in Tehran will not be interrupted; the queues are due to increased traffic and road traffic."
Oil, gas, refining, distribution, and petrochemical industry employees are silent contributors to national security
Throughout contemporary Iran, workers in the oil, gas, refining and distribution, and petrochemical industries have always been at the forefront of serving the people and the country. They have been silent contributors to national security, not only by producing energy, but also by sustaining the country's economic and industrial life.
Oil in the line of fire; Asian refineries will be grounded if Iran’s exports are cut off
Experts say that if Iranian oil exports are disrupted, Chinese refineries will be forced to use alternative oil from the Middle East or Russia, which will increase freight rates, tanker insurance, reduce the Brent-Dubai price differential, and put pressure on refinery profit margins, especially in Asia.
More than 21 million barrels of oil and products pass through the Strait of Hormuz per day
According to data from the international institute Kpler, total exports of crude oil and petroleum products through the Strait of Hormuz reached more than 21 million barrels per day in May 2025.
