Global crude oil surge to a three-month high following Iran`s detention of 15 British sailors and the UN`s decision to tighten sanctions against the country that...

The international crude price slips 1.7 percent to below $70 per barrel owing to the death of the dreaded al-Qaida leader Abu Musab al-Zarqawi in Iraq. The crude supply...

Iranian supreme leader, Ayatollah Ali Khamenei has threatened in a stricter tone that it would disrupt oil shipments in the Gulf if U.S. makes any erroneous step while...

Tehran still seems unwavering on the question of halting uranium enrichment program. However, Tehran is refraining to mention the recent draft proposal while...

The U.S. has agreed to hold multilateral talks with Iran on the controversial Iran’s nuclear program provided if Iran halts enriching uranium. The U.S. today...