Oil gains on little sign of progress in US-Iran talks
Investors weighed stalled diplomacy, a surprise U.S. crude inventory build and uncertainty over a possible diesel export ban.
- On Thursday, Brent crude climbed above $106 a barrel as diplomatic talks between The United States and Iran at the United Nations General Assembly showed little sign of progress. November Brent futures rose 3.17% to $106.35.
- President Donald Trump disclosed Tuesday that American and Iranian representatives met for three hours, calling it a "very good meeting." However, Iranian President Masoud Pezeshkian blamed the U.S. and Israel for inflaming tensions worldwide.
- Energy Information Administration data showed distillate stockpiles fell 428,000 barrels last week, while commercial crude inventories swelled by 3 million barrels, reversing expectations of a 500,000-barrel decline.
- The White House denied a Politico report regarding a 90-day diesel export ban that caused ultra-low-sulfur futures to drop about 5% on Wednesday. Energy Secretary Chris Wright stated such a ban would not work.
- An adviser to Iran's Supreme Leader Mojtaba Khamenei warned Tehran might expand the Middle East war to the Indian Ocean if the U.S. or Israel attacks again. Secretary of State Marco Rubio noted a deal with Iran requires extensive work.
34 Articles
34 Articles
The Huthi militia carried the war in the Middle East with an offensive to the Red Sea. According to an advisor to the Iranian leader Khamenei, there is a danger of a further expansion: in the case of new US attacks on Iran, it is possible that the conflict will reach the Indian Ocean, he warns.
Iranian authorities have warned this Thursday that their forces could expand the war with...
Iran could extend the scope of the war to the Indian Ocean if the US or Israel launched new attacks. This was stated by an adviser to the supreme leader Mojtaba Khamenei, quoted by Al Jazeera. Major-General Yahya Rahim Safavi made this his threats in a video. “As the conflict has spread from the Persian Gulf and the Strait of Hormuz to the Red Sea, it is possible that, in response to an escalation of the war, the front will expand even further, …
Tehran admits expansion of military operations against the US to the Indian Ocean
Iran's Supreme Leader's military adviser, Yahya Rahim Safavi, stated that a new clash with the United States could expand the conflict to the Indian Ocean. His words were quoted by the Iranian news agency Fars.Safavi linked this scenario to possible...
The military adviser to Iran's supreme leader, Yahya Rahim Safawi, stated that in a new encounter with the United States, the war zone could expand to the Indian Ocean, as quoted by Iran's Fars Agency.
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