Oil Minister: Aggression against energy-producing countries is a threat to global stability
Stating that aggression against energy-producing countries is a violation of international law and a threat to global stability, the Minister of Oil said: "The energy industry, and especially oil, in today's interconnected world, needs peace and stability to play its role in promoting national, regional, and global prosperity."
Iran becomes OPEC’s second largest refiner
With a refining capacity of 2 million 237 thousand barrels per day and a 16% share in OPEC, Iran ranks second among the countries of this organization, and it also accounts for 2.1% of the world's refining capacity.
The resilience of Iran’s oil industry in the 12-day war
During the 12 days when Iran's skies were facing the Zionist regime's invasion and the imposed war, the oil industry worked in a chain reaction and did not tremble, but stood firm. It stood firm and did not let a single light go out or a shortage arise in the country's fuel supply.
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Free fuel at 500 CNG stations
This project has been launched in cooperation with the National Petroleum Products Distribution Company in provinces such as Isfahan, Zanjan and Qazvin, and the number of participating stations is expected to increase in the coming days.
Fear and flight of giant oil tankers from the Strait of Hormuz
Following the escalation of tensions between Iran and the United States, two super-heavy oil tankers named Coswisdom Lake and South Loyalty, each with a capacity to carry 2 million barrels of crude oil, changed their course near the Strait of Hormuz and retreated south.
Threat of closing the Strait of Hormuz; The world awaits Iran’s response, oil on the verge of a jump
The US attack on Iran's nuclear facilities and official participation in the Israeli operation is the largest military action by the West against Tehran since the 1979 revolution. Despite the renewed missile barrage by Iran on Israel, there has been no decisive response to the United States yet. However, the initial positive vote by the Iranian parliament to close the Strait of Hormuz has sounded the alarm bell for the global oil market.
Denial of Rumors of Damage to Khuzestan Oil Facilities
The Governor of Khuzestan said: None of the oil facilities in this province have been damaged due to the attacks of the Zionist regime.
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.
