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ISRAEL AT WAR - DAY 650

Iranian oil

The US Treasury Department building is shown at dusk in Washington on June 6, 2019. (AP Photo/Patrick Semansky)
July 3, 2025, 9:14 pm
US slaps sanctions on Iran’s oil smuggling network, Hezbollah finance firm
US Treasury accuses Iraqi businessman of buying Iranian oil disguised as, or blending it with Iraqi oil; sanctions placed on vessels part of Iran’s ‘shadow fleet’
By Reuters and ToI Staff
A natural gas refinery at the South Pars gas field on the northern coast of the Persian Gulf, in Asaluyeh, Iran, on March 16, 2019. (Vahid Salemi/AP)
June 19, 2025, 12:11 pm
Why Israel-Iran tensions might not raise prices at the pump as much as feared
In post-COVID recovery, OPEC has millions of barrels of oil available, while International Energy Agency has another million in reserve
By Reuters and ToI Staff
A plume of heavy smoke and fire rise over an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025. (Photo by ATTA KENARE / AFP)
June 15, 2025, 7:50 pm
A look at Iran’s oil and gas facilities, including those targeted by Israel
IAF struck Iranian portion of world’s largest natural gas reserve, 100 miles from Qatari section; due to sanctions and technical constraints, Iran uses it almost only domestically
By Reuters
Illustrative: A handout picture provided on April 30, 2017, shows a general view of the Setareh Khalij Fars (Star of the Persian Gulf) oil refinery in the Iranian port city of Bandar Abbas. (Handout/Iranian Presidency/AFP)
June 14, 2025, 5:54 pm
Oil prices up 7 percent after Israel and Iran exchange strikes
Brent crude futures LCOc1 settles at $74.23 a barrel, up $4.87; analysts say Tehran could pay heavy price if it blocks Strait of Hormuz
By Erwin Seba
A fire at the Kaveh Petrochemical Complex in Bushehr province, Iran, June 11, 2025. (X; used in accordance with Clause 27a of the Copyright Law)
June 11, 2025, 1:40 pm
At least 3 killed, 10 hurt in blast at Iranian petrochemical facility
Authorities say toll likely to rise, as thick black smoke and flames seen engulfing Bushehr site; incident comes 2 months after explosion killed at least 70 at different Iran port
By AFP and ToI Staff
US President Donald Trump waves as he walks from the Oval Office to depart on Marine One from the South Lawn of the White House, May 1, 2025, in Washington. (AP Photo/Alex Brandon)
May 2, 2025, 1:27 am
Trump threatens sanctions against countries purchasing Iranian oil, petrochemicals
US president says any people or nations who buy oil and petrochemicals from Iran ‘will not be allowed to do business with the United States of America in any way, shape, or form’
By Reuters and ToI Staff
An Iranian military speedboat patrols the waters as a tanker prepares to dock at the oil facility on Khark Island, Iran, on March 12, 2017. (Atta Kenare/AFP)
February 6, 2025, 8:23 pm
First new US sanctions under Trump target network delivering Iranian oil to China
Measures against alleged front company for Iranian military come after Trump signs order resuming ‘maximum pressure’ campaign, aimed at ‘driving Iran’s oil exports to zero’
By AFP
Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020. (AP Photo/Ernesto Vargas, File)
December 3, 2024, 6:56 pm
US deepens sanctions on Iranian oil as smuggling said to rake in billions for Tehran
US vows to keep targeting ‘shadow fleet’ facilitating petroleum trade; 500,000-750,000 metric tons of fuel oil diverted from Iraqi plants each month to benefit Iran, proxies
By Reuters
Former president Donald Trump visits his campaign headquarters, Tuesday, November 5, 2024, in West Palm Beach, Florida. (AP/Evan Vucci)
November 8, 2024, 1:59 pm
Trump said planning to renew ‘maximum pressure’ strategy against Iran
President-elect’s policies of harsh sanctions led to mixed results during previous term, as Islamic Republic advanced toward nuclear weapon and strengthened proxies
By ToI Staff
US President-elect Donald Trump arrives at an election night watch party at the Palm Beach Convention Center, in West Palm Beach, Florida, November 6, 2024. (Evan Vucci/AP)
November 6, 2024, 11:52 pm
Trump may restrict Iranian oil but China might not play along, analysts say
US president-elect says he believes in enforcing sanctions and then removing them, expected to ease clamps on Russian energy
By Reuters
Illustrative: Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020. (AP Photo/Ernesto Vargas, File)
October 28, 2024, 1:26 pm
Oil prices fall after Israel avoids energy sites in its strike on Iran
Costs drop as much as 5% in early trade; analysts believe Tehran’s downplaying of attack signals wariness about escalation
By Agencies and ToI Staff
Illustrative: In this July 2, 2012, photo, an Iranian Revolutionary Guard speedboat moves in the Persian Gulf while an oil tanker is seen in the background (AP Photo/Vahid Salemi)
October 12, 2024, 6:48 pm
US slaps sanctions on Iran’s ‘ghost fleet’ of oil tankers, citing attacks on Israel
Biden administration officials say sanctions target Tehran’s efforts to finance nuclear program, ballistic missiles, drones and terror groups that threaten US and its allies
By Agencies and ToI Staff
File: Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021. (AP Photo/Amr Nabil)
October 10, 2024, 5:32 pm
Gulf countries lobbying US to prevent Israeli strike on Iran’s oil facilities
Saudi Arabia, UAE, Qatar refusing to let Jerusalem use their airspace for response to Tehran’s ballistic missile attack, fearing Iran could take aim at their own energy sites
By Samia Nakhoul, Parisa Hafezi and Pesha Magid
US President Joe Biden speaks to the media prior to departing on Marine One from the South Lawn of the White House in Washington, DC, October 3, 2024. (Saul Loeb / AFP)
October 3, 2024, 11:50 pm
Biden says holding ‘discussions’ on possible Israeli strike on Iran’s oil facilities
Israel said closely coordinating with US on response to Iranian missile attack, expected in coming days; oil prices jump, Gulf states wary Iran will retaliate on their oil sites
By ToI Staff, Agencies and Jacob Magid
Iran's Supreme Leader Ayatollah Ali Khamenei, left, meets with Iranian President Masoud Pezeshkian in Tehran, Iran, August 27, 2024. Between them is a portrait of the Islamic Republic's founder, Ayatollah Ruhollah Khomeini. (KHAMENEI.IR/AFP)
October 2, 2024, 5:28 pm
A nervous Iran wanted to restore old regional order, but Israel is on the offensive
Hardliners seem to have won the day in Tehran, but instead of deterring Netanyahu, they have likely sparked a painful, direct strike on Iranian territory – possibly the first of many
By Lazar Berman
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