1 day ago · Iran's armed forces have warned that they could shut down the Strait of Hormuz if ordered by top officials, a move that would disrupt global oil trade.. The warning came as tens of thousands of ...

Feb 4, 2025 · Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels of oil per day (bpd), or around 3% of global output.

5 days ago · WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China (PRC). The oil was shipped on behalf of Iran’s Armed Forces General Staff (AFGS) and its sanctioned front ...

Proven oil reserves in Iran, according to its government, rank fourth largest in the world at approximately as of 2013, although it ranks third if Canadian reserves of unconventional oil are excluded. [1] . This is roughly 10% of the world's total proven petroleum reserves.

Feb 4, 2025 · Item 1 of 3 A crew member raises the Iranian flag on Iranian oil tanker Adrian Darya 1, previously named Grace 1, in the Strait of Gibraltar, Spain, August 18, 2019.

According to the Iranian government, Iran has enough reserves to produce oil for the next 100 years while oil reserves of other Middle Eastern countries will be depleted in the next 60 years and most other oil-rich countries will lose their reserves within the next 30 years.

Oct 17, 2024 · Every year Iran funnels tens of billions of dollars from illicit oil sales to bank accounts all over the world. This huge, secret treasure was used to fund Hamas’s attack on Israel a year ago,...

Apr 18, 2024 · Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost even as western countries discuss stepping up sanctions in response to its attack...

Aug 9, 2024 · Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, the latest sign of Tehran pushing to sustain output at close...

Iran was the fourth-largest crude oil producer in OPEC in 2023 and the third-largest dry natural gas producer in the world in 2022. 1 It holds some of the world’s largest deposits of proved oil and natural gas reserves, ranking as the world’s third-largest oil and second-largest natural gas reserve holder in 2023.