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2026-06-01 16:28
Strait of Hormuz transforms long-term oil market beliefs
TEHRAN- Geopolitical tensions in the Persian Gulf and disruption of traffic through the Strait of Hormuz have created one of the biggest oil shocks in the global oil market. Based on physical market evidence, the relative stability of oil prices will not last, and with the continuation of disruptions and declining storage, price increases will accelerate.
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2026-05-05 10:26
‘Oil supply shock with Iran's control of Strait of Hormuz, depletion of US reserves’
TEHRAN- In one of the most tense periods in the history of the energy market, Iran's authority in the Strait of Hormuz and the unprecedented crisis in US oil reserves have plunged the world into a new era of supply shock.
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2026-05-01 14:59
Behind scenes of UAE's exit from OPEC: From disputes with Saudi Arabia to eyeing free market
TEHRAN- Energy market analysts and observers believe that the UAE's exit from OPEC and the OPEC+ group will weaken the influence of the organization's member countries and their allies in the oil market and free up Abu Dhabi to increase its oil sales. However, they say it will not disrupt the cohesion of OPEC and OPEC+.
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2026-03-10 14:43
New blow to oil market; Iraq's oil production plunges 70%
TEHRAN- Reports indicate that following the escalation of consequences stemming from the outbreak of war in the West Asia, Iraq's oil production has dropped by 70%, Mehr News Agency reported on Monday.
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2025-06-19 15:27
Oil prices rise amid escalating Iran-Israel tensions
TEHRAN – Global oil prices climbed on Thursday as mounting fears of a military confrontation between Iran and Israel raised concerns about potential supply disruptions from the oil-rich West Asia.