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

U.S. President Donald Trump will reimpose "maximum pressure" on Iran and drive its oil exports down to zero, a U.S. official ...

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

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

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 ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

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 ...

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

Since the sanctions were imposed in 2018, the Iranian Oil Ministry has mostly relied on domestic resources to develop the oil and gas fields in the country.

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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 ...