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Iran Disrupted Oil Market Equations; OPEC Basket Price in March 2026 Surged 70% to $123
7 April 2026
5:12 AM
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The OPEC Reference Basket (ORB) price in March 2026 surged approximately 70%, rising from around $70 to $123.21 per barrel. This sharp increase occurred while in the first two months of the year, OPEC oil had been trading in the $62–$66 range. The most important factor behind this price surge was Iran’s historic smart control of the Strait of Hormuz in the wake of the Ramadan War developments.

Iran: Attacks on Petrochemical Side Facilities Are Intended to Put More Pressure on the People
7 April 2026
5:09 AM
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The Production Control Manager of the National Iranian Petrochemical Industries Company described the enemy’s attacks on side facilities of the petrochemical industry as an attempt to exert greater pressure on the people and disrupt their needs. He stressed that optimal consumption of energy carriers across the country (electricity, gas, gasoline, diesel, etc.) can thwart the enemy’s malicious intentions.

Iran’s Letter to the United Nations Regarding US and Israeli Attacks on the Karaj B1 Bridge and Mahshahr Petrochemical Complex
5 April 2026
5:08 AM
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Iran’s Ambassador and Permanent Representative to the United Nations sent a letter to the UN Secretary-General and other senior officials of the international body, stating that the American and Israeli attacks on the Karaj “B1” bridge and the Mahshahr Petrochemical Complex constitute war crimes and a clear act of state terrorism.

Iran’s Oil Minister Paknejad: Oil Cooperation with the US is Possible!
20 February 2026
9:08 AM
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Iran’s Oil Minister Mohsen Paknejad has commented on the possibility of cooperation between Iran and the United States in the oil and gas sector, amid the ongoing nuclear negotiations between the two countries. He stated: “Everything is possible.” However, it remains unclear whether such oil and gas cooperation between Tehran and Washington will become operational at this stage.