Oil prices hit a new low amid weak economic data and ambiguities surrounding Iran’s nuclear deal.

The US and EU sanctions against Russia have failed to have the desired effect so the US is now trying to limit the profitability of Russian oil sales by putting a price cap on it.

Russia's Deputy Prime Minister Alexander Novak says Moscow will not export oil to the world market if a price cap is imposed below the cost of production.

Here are Press TV's latest top stories at 09:00 GMT, July 19, 2022

Iranian Foreign Minister Hossein Amir-Abdollahian is in Italy for an official visit. During his first day in Rome, he met with his Italian counterpart, representatives of the business community and Iranians residing in the country.

An indigenous leader in Ecuador has been arrested by police for inciting protests against rising fuel prices.

Iran hosts an exhibition of oil and gas to showcase the latest domestically produced petroleum industry equipment.

A key US Senate committee has approved a bill allowing the United States to sue the Organization of Petroleum Exporting Countries (OPEC) for boosting crude oil prices.

US stock indexes fell on Wednesday as oil prices climbed and Adobe shares tumbled on a disappointing forecast.

Oil prices extend their rally Tuesday on supply worries as European leaders debated banning imports from Russia.