Oil

Iran’s Revolutionary Guards Seize Foreign Tanker

Attacks on tankers near the Strait of Hormuz have unsettled crucial shipping lanes

DUBAI (Reuters) - Iran said on Thursday it had seized a foreign tanker smuggling fuel in the Gulf, and the U.S. military commander in the region said the United States would work "aggressively" to ensure free passage of vessels through the vital waterway.

Lawmakers Demand No More Oil Waivers for Iran

Rep. Liz CheneyA delegation of Republican House lawmakers petitioned the State Department not to continue issuing sanctions waivers that have permitted Iran to continue engaging in its lucrative oil trade, yet another salvo in an ongoing battle between the Trump administration and Congress.

Iran Sees U.S. Caving on Bid to Crush Lucrative Oil Trade

Fresh round of oil waivers would provide Tehran with new cash lifeline

A picture shows export oil pipelines at an oil facility on the shore of the GulfIranian leaders are betting on the Trump administration to cave in on a key piece of its tough new sanctions aimed at choking off the Islamic Republic's access to lucrative crude oil markets, according to multiple sources who spoke to the Washington Free Beacon.

Trump Admin Vows to Cripple Iranian Oil Industry

With international jitters over loss of Iranian oil, Trump admin doubles down

Oil pumpjackWARSAW, Poland—The Trump administration is vowing to cripple Iran's international oil trade in the coming months, issuing new promises to ensure that international allies drop their imports of Iranian crude to zero in the coming months.