Last week, United States Treasury Secretary Scott Bessent claimed that storage capacity at Kharg Island, where most of Iran’s oil is exported, would be full “in a matter of da ...

Global oil inventories have fallen at a record pace during the Iran war, and oil executives and analysts predict a reckoning ...

Satellite images near Kharg Island have raised questions about whether Iran is releasing crude into the sea as its storage fills up under the US blockade. The suspected slicks have added to concerns ...

(CNN) — If the United States assumed, before attacking Iran, that the major oil producer would be reluctant to close the Strait of Hormuz for fear of blocking its own oil exports, it miscalculated.

Iran has only two to eight weeks left before it must curb oil production, risking long-term damage to its oil fields, experts said. In the face of the US blockade on Iranian ports, Tehran is running ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. A crude oil storage tanks in Cushing, Oklahoma, U.S. (Photo: Johannes Eisele) The U.S. crude ...