The Iranian military has the capability to blockade the Strait of Hormuz if necessary, says Iran's naval commander.

Iran's Oil Minister has dismissed the effectiveness of the renewed US "maximum pressure" campaign, stating that efforts to ...

The United States has imposed new sanctions on individuals and entities facilitating the sale of Iranian oil to China, aiming ...

The deputy oil minister explained that Naft-Shahr is home to one of the country’s oldest oilfields, with several smaller fields in the region currently undergoing development. “The project is expected ...

By John Lee. Iran has reportedly launched a $528-million project to develop three oilfields near the Iraqi border. According to the state-owned Iranian PressTV, the fields are Sumar, Saman, and ...

By bnm Tehran bureau Iran is set to finalise deals with leading local firms to carry out a major pressure-boosting project in ...

Oil prices rebound on fears of potential supply disruptions as Trump prepares to impose sanctions on Iran, leading energy ...

MOSCOW, Jan 20 (Reuters) - Russian President Vladimir Putin announced plans on Friday to build a gas pipeline to Iran aimed at ... and North Pars gas fields and also six oil fields.

But that could change quickly. The incoming president’s key advisers are looking at a big sanctions package that hits major players in Iran’s oil industry, which could come as early as ...

Paknejad noted that Russian companies are currently implementing projects worth $7.5 billion in Iran's several oil and gas fields as part of the contracts. These projects have made significant ...