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Keywords: Oil trade


Iran denounces new US sanctions as “malicious”

Iran has sharply criticized the latest round of U.S. sanctions targeting a fleet of oil tankers and container ships allegedly operated by the son of a key political advisor to Supreme Leader Ayatollah Ali Khamenei. Foreign Ministry spokesman Esmaeil Baghaei described the measures as “malicious,”......

Decline in Global Crude Exports as Trade Routes Experience Shifts

In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......