New Minister of Petroleum Javad Owji says the "tyrannical" US sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues.

Iran says it will not accept any limit to its exports of oil when the situation normalizes with the removal of the most draconian US sanctions on the country.

Iran’s July crude output remains steady despite a major surge in production by OPEC members.

Iran’s President Hassan Rouhani has announced the opening of a new oil export terminal in the Gulf of Oman.

Saudi Arabia’s sovereign fund prepares to sell its shares in Saudi Telecom.

The market has begun making room for Iran's oil even as reports from Vienna have a dim view of the US folding back all its sanctions imposed on Tehran under the Trump administration.

A report shows that refiners in Europe and India are getting ready to resume oil imports from Iran.

Iran has started sending oil to a new terminal on the Sea of Oman through a pipeline that bypasses the Strait of Hormuz, Chief Executive of the National Iranian Oil Company Mehdi Karbasian says.

Demand is rising for Iranian crude oil, with an OPEC report showing a higher output already by Iran which is closely watched by customers as the country is discussing the removal of unilateral US sanctions.

The Cook Islands has reportedly been forced by the US to remove two tankers from its shipping registry for allegedly transporting Iranian crude oil, a report says.