Brent crude falls below $70 for first time since April Brent crude falls below $70 for first time since April

US crude down 21% from October peak, Brent down 18% on rising supply, softening demand

Oil in Bear Market Set for 5th Weekly Loss on Supply Glut Fears Oil Teeters Near Record Losing Streak After Entering Bear Market

Oil is poised for a fifth weekly loss after slipping into a bear market as record American production, expanding inventories and waivers granted to some countries for Iranian imports stoked concerns of a supply glut. Futures in New York were little changed, heading for a 4.

India examining details of exemptions on buying Iranian oil

NEW DELHI: India is examining the details of exemptions given to the country by the United States that will allow it to continue to buy Iranian ...

US-Iran oil sanction waivers: The knowns and unknowns - Iran oil exports

The United States re-imposed sanctions against Iran's oil exports to punish Tehran for its involvement in several Middle Eastern conflicts.Washington had been pushing governments to cut imports of Iranian oil to zero. But, fearing a price spike, it granted Iran's biggest buyers - China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey - sanctions waivers.That will allow the eight, which account for about 75 percent of all Iran's oil exports, to import at least some oil for another 180 days.Washington and the recipients of the waivers have not disclosed how much oil they are allowed to import, or under what conditions deals can still be made.Let us see what we know and we don't so far: Iran oil exports

PressTV-Reuters: Iran to withstand sanctions; US isolated

A European diplomat says the high oil prices and the US’ international isolation would lessen the impacts of new US sanctions on Iran.

The United States on Monday re-imposed sanctions against Iran's oil exports to punish Tehran for its involvement in several Middle Eastern conflicts.

Washington and the recipients of the waivers have not disclosed how much oil they are allowed to import, or under what conditions deals can still be made.

Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes.

Oil’s rollercoaster ride: From forecasts of $100 to 20% fall in a month

Oil’s retreat has increased pressure on OPEC and its allies to cut supply just months after adding barrels

What Israel thinks the U.S. is trying to achieve with renewed Iran sanctions

U.S. may be trying to force Tehran into reopening the nuclear deal, or affect regime change. Either way, the pressure is leading Iran to make grave mistake in Europe

Crude Oil Prices Slump 20% From October Highs, Enter Bear Market

The main downward price pressure came from rising supply, despite the US sanctions against Iran that were imposed this week, as well as concerns over an economic slowdown, say analysts.

Iran Sanctions Test U.S. Diplomatic Power

On Nov. 5, Trump’s Administration made its boldest move yet, restoring crippling penalties on Iran’s oil, banking and shipping sectors.

Iran’s economy to suffer but likely ride out U.S. sanctions storm

Iran is likely to ride out the storm from U.S. oil sanctions, suffering recession but no economic meltdown, thanks to rising crude prices and deepening divisions between the United States and other major powers, officials and analysts say.