oil

US President Donald Trump gestures, before boarding Air Force One as he departs for Florida

Trump threatens Iran with bombs, Russia with oil tariffs

Trump says no Iran nuclear deal could mean bombing, and vows tariffs on Russian oil if Putin doesn’t end the war in Ukraine.

By THE MEDIA LINE STAFF
03/04/2025
US President Donald Trump seen over an Iranian flag (illustrative)

US Treasury chief meets with global banks on Iran oil sanctions

US Treasury Secretary Scott Bessent met with banks and law enforcement to discuss sanctions on Iran's oil exports funding militant groups. He warned institutions about Iran's covert banking network.

By REUTERS
02/04/2025

Trump to impose 25% tariff on countries that buy oil, gas from Venezuela

China, which has already been the subject of US tariffs, is the largest buyer of Venezuela's oil, the OPEC member's main export.

By REUTERS
24/03/2025

Harvard study finds replacing butter with plant oils reduces mortality risk by up to 19%

A new long-term study conducted by Harvard University revealed a link between high butter consumption and increased mortality risk.

A Kurdish oil tanker is seen off the coast of Ashkelon

Iraq, Turkey talk on energy cooperation, oil exports, and trade ties

Talks in Baghdad focus on energy ties, oil exports, and water concerns.

By THE MEDIA LINE STAFF
18/03/2025

Underwater excavation reveals 1100-year-old ship carrying olive oil from Gaza

Since the Bronze Age, for about 5,000 years, olives have been the indispensable food of sailors in the Mediterranean.

 Valve on an Iranian gas pipeline (illustrative)

Trump considering plan to disrupt Iranian oil supply, stop ships at sea

John Bolton, the lead negotiator for the initiative when it was formed, told Reuters "it would be fully justified" to use the initiative to slow down Iran oil exports.

By REUTERS
06/03/2025

Iran begins Turkmenistan-to-Turkey gas transit, boosting regional ties

Turkmenistan to supply Turkey with gas via Iran in a new strategic deal.

By THE MEDIA LINE STAFF
05/03/2025

Saudi Arabia’s state-owned oil company reports 12% drop in profits

The company attributed the decline to weaker oil prices, higher operating costs, and lower income from sales.

By THE MEDIA LINE STAFF
04/03/2025

Norwegian fuel company refuses service to US forces after Trump-Zelensky blow up

Norway's Defense Minister Tore Sandvik later issued a statement assuring that the NATO country would continue to supply the US.

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