Iran ///

OPEC+ agrees to redistribute oil cuts under Saudi pressure

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.

Iran’s Rouhani vows response to oil tanker attack

President Hassan Rouhani vowed Monday that Iran would respond to an attack on one of its oil tankers in the Red Sea, saying the evidence suggested it was the work of a government not a terrorist group.

Iran says tanker hit by missiles in Red Sea near Saudi Arabia

The Islamic Republic’s tanker company initially said the attacks probably came from Saudi Arabia, but later withdrew the claim.

CNPC quits flagship Iran gas project amid U.S. sanctions

CNPC was the only international partner left in the project, after Total SA of France withdrew last year when U.S. President Donald Trump abandoned the 2015 nuclear accord and reimposed sanctions on Iran.

Pentagon readying a public show of evidence in Saudi attacks

The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a U.S. defense official said.

Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled oil markets.

Trump faces tough choices after blaming Iran for Saudi oil attack

The Trump administration sought to offer new evidence to back its claim that Iran conducted the attack on major Saudi Arabian oil facilities, saying the munitions used in the strikes were well beyond the capabilities of the Houthi rebels who claimed responsibility.

Trump, Saudi Crown Prince speak on crude facility attack

President Donald Trump spoke by phone on Saturday with Saudi Crown Prince Mohammed Bin Salman after a swarm of explosive drones hit key oil-industry targets in Saudi Arabia, the state-run Saudi Press Agency reported.

Industry awaits Saudi Arabia’s move after drone attack on infrastructure

Fires at the plant were brought under control within hours, but the flow of crude from Saudi Arabia, the world’s biggest exporter, will almost certainly be affected, although we don’t yet know by how much or for how long. Traders who have shrugged off tensions in the Middle East for months will respond to this attack when markets open on Monday.

Coordinated drone attack cuts Saudi oil production in half

Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s oil industry and set the world’s biggest crude-processing plant ablaze.

U.S. adds to Iran sanctions as French seek to restart oil sales

The U.S. placed new sanctions on Iran, and a top American official signaled more measures are coming while deflecting questions about French diplomatic efforts meant to help Tehran restart oil sales.

Iran sold oil on tanker wanted by U.S., but doesn’t know where it’s going

Iran said it sold an oil cargo on board a contested tanker sailing the Mediterranean Sea but didn’t know where the vessel was going amid U.S. efforts to block delivery of the crude.

U.S. threatens sanctions over Iran tanker after court ruling

The U.S. is disappointed with the UK after a Gibraltar court allowed the release of an Iranian tanker, and threatened sanctions against ports, banks and anyone else who does business with the ship or its crew, two administration officials said.

U.S. DOJ seeks to seize Iranian tanker held in Gibraltar

The U.S. Department of Justice is seeking to seize supertanker Grace 1, arrested last month in Gibraltar on suspicion of hauling Iranian crude oil to Syria in violation of European sanctions.

Iran expects tanker held by UK to be released soon

Iran expects an oil tanker seized by the UK in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East.

UK to Join U.S. in coalition to protect ships in Persian Gulf

The UK is “spearheading” an international mission to protect shipping in the Persian Gulf, which will see the Royal Navy work with the U.S. to protect vessels amid an ongoing confrontation with Iran.

Oil tankers perform vanishing act in Hormuz as tensions escalate

Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important -- and lately most dangerous -- energy chokepoint: vanish from global tracking systems.

Stena concerned about welfare of crew on tanker detained by Iran

The owner of a British tanker seized by Iran in the Strait of Hormuz earlier this month raised concerns about the safety of the crew still on board.

Oman talks to Iran, other parties to restore stability to Strait of Hormuz

Omani officials are in talks with ‘all parties’ to restore stability to the Strait of Hormuz after recent threats to oil tankers and the freedom of navigation, Foreign Minister Yousef Bin Alawi said after discussions with Iranian officials in Tehran.

China still taking Iran oil, weeks after U.S. sanctions toughen

Official customs data on Friday showed China imported 855,638 tons in June, the equivalent of about 209,000 bpd.