Oil

The tanker was en route from Iran to Venezuela when the Coast Guard attempted to apprehend it. The Coast Guard has been chasing the tanker for almost two weeks.

The reform package includes higher electricity and water tariffs, with an exception for citizens’ first homes, which will continue to receive subsidized rates up to a specified limit.

The United States imposed new sanctions on four companies and oil tankers linked to Venezuela’s oil sector, as President Donald Trump ramps up pressure on President Nicolas Maduro.

Iran said last week it had seized another foreign tanker carrying 6 million litres of what it described as smuggled diesel in the Gulf of Oman.

The White House has directed US forces to prioritize the "quarantine" of Venezuelan oil for the next two months, aiming to use economic pressure over military action.

The ministry reported that 4,000 to 4,500 megawatts of power have been lost from the electrical system due to the halt in Iranian gas supplies.

Oil futures in 2025 have oscillated within a relatively narrow range, with the high coming in January before the Organization of the Petroleum Exporting Countries began production increases.

The Ukrainian official did not say how the drones reached the ship, but said the operation involved "multi-stage" measures.

From disappearing flights to byzantine corporate structures, a groundbreaking report shows how China and Russia, along with many other countries, help Iran evade sanctions.

Iran said those detained in the ongoing investigation include the tanker's captain. The vessel's identity and the crew members' nationalities were not disclosed.