Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that Strait of Hormuz will not be reopened before oil sanctions are lifted, frozen assets are released, US blockade ends.
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The United Arab Emirates said on Saturday Iran had attacked an Abu Dhabi National Oil Company vessel while it was transiting the Strait of Hormuz a day earlier, the Emirati state news agency WAM reported.
Five senior Iranian officials will face sanctions for their involvement in activities in the Strait of Hormuz that "undermine international peace," according to Canada's foreign affairs minister.
President Masoud Pezeshkian called for incentive mechanisms, healthy competition among provinces and greater public participation to reduce energy consumption, saying a 10% cut could significantly ease pressure on the energy system during the coming winter.
The Vice-Chairman of the Transportation, Transit, and Logistics Committee of the Iran Chamber of Commerce, while outlining the achievements of the Iranian economic delegation's trip to Pakistan, stated that a new roadmap for Iran-Pakistan logistics cooperation was developed during this visit, with the expansion of transit and trade placed at the center of negotiations.
President Masoud Pezeshkian has identified the expansion of clean energy, the reform of the subsidy system, and the restructuring of public administration as the three central pillars of Iran’s economic transformation agenda, stressing that the government has already embarked on the reform process and will not reverse course.
President Masoud Pezeshkian said energy imbalance was among the most significant challenges facing his administration during its first two years in office, alongside war, sanctions, water shortages and drought, as he reflected on the government's record ahead of the third year of his presidency.
Washington's desperate bid to tame oil prices through strategic reserve releases is doomed to fail, experts warn, as Iran's commanding position in the Strait of Hormuz renders American threats increasingly hollow.
Iran’s Oil minister praised the oil industry's efforts to rebuild refineries damaged during the war and stressed the need for continued project management meetings and regular progress reporting.
Fars News Agency reported: During the 40-day war, when South Pars facilities came under attack, Iran struck the world’s most important gas processing complex in Qatar. Trump immediately apologized in a tweet and stressed that “it will not be repeated.”
Kazakhstan's main oil export terminal in the Black Sea closed on Thursday for the third time this month, suspending crude tanker loadings after Ukrainian drones hit two vessels at and near the terminal at Russia's Novorossiysk port.
Recent agreements between Iran and Pakistan represent a significant turning point in bilateral economic relations, with the shared border regions—particularly Iran's Sistan-Baluchestan province—emerging as the primary focal point for enhanced cooperation. With approximately 930 kilometers of shared border, Sistan-Baluchestan stands as Iran's only province with a land border with Pakistan, making it an indispensable gateway for bilateral exchanges.
Iran’s oil minister announced the agreement between Iran and Armenia to form a joint specialized working group in the energy sector and said: Tehran has proposed that, by defining a new model for gas trade, the grounds for developing energy cooperation with Yerevan and even exporting gas through Armenia to other markets be examined.
Iran's main military command, Khatam al-Anbiya Central Headquarters, on Wednesday warned that if the United States attacks Iranian infrastructure, Iran will block all oil exports from West Asia and target oil, gas, electricity, and economic infrastructure across the region, according to media reports.
Just weeks after a fragile ceasefire offered a glimmer of hope for stability in the Persian Gulf, the Trump administration has once again plunged the region—and the world—into a dangerous abyss.
Kuwaiti oil tanker that was passing through the US-Omani corridor in the Strait of Hormuz was stopped by Iranian armed forces.
President Masoud Pezeshkian said Tuesday that the government remains committed to ensuring a stable energy supply for the country's industrial sector while removing barriers to production and supporting economic activity.
Iran’s problems cannot be solved by the government alone, President Masoud Pezeshkian said on Monday, calling for broad public participation to tackle the country’s deep-rooted structural imbalances.
U.S. gasoline pump prices crossed the $4 a gallon mark on Monday as renewed hostilities between the U.S. and Iran further disrupt energy flows through the Strait of Hormuz, a critical route for global oil supplies.
President Masoud Pezeshkian on Sunday called on Oil Ministry to align its operations with global standards, expand technical training and develop integrated management systems to improve the performance of engineers and specialists in the oil and gas sector.