Oil

Saudi Arabia, Russia Raise Stakes in Oil Price War

DUBAI/MOSCOW (Reuters) - Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks.

Sen. Cotton Discusses Iran Tensions and Tanker Seizure

'We've totally crushed them with our sanctions'

Sen. Tom Cotton (R., Ark.) discussed recent tensions with Iran Tuesday during a radio appearance on the Hugh Hewitt Show. Hewitt asked Cotton for his thoughts on President Donald Trump's recent comments on Iran, in which he argued that the regime was enduring great economic and domestic difficulties.

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.