President Donald Trump's sanctions against Iran are designed to shut down the country's oil industry and "collapse its already buckling economy," Treasury Secretary Scott Bessent said Thursday.

Languages: English and Farsi Oil prices rose for a second consecutive day after the U.S. tightened sanctions on Iran's oil sector, intensifying economic pressure on Tehran. The fresh sanctions ...

Currently, the average monthly wage of a Chinese worker in the manufacturing sector ranges ... 2) Natural Resources and Cheap Energy Iran is one of the largest holders of oil and gas reserves in the ...

Trump has vowed to restore a "maximum pressure" campaign to isolate Iran from the global economy and drive its oil exports to zero, in order to stop the country from obtaining a nuclear weapon.

Iran retaliated with attacks at sea — including one that it likely carried out and that temporarily halved Saudi Arabia's oil production. Trump also ordered the attack that killed Iran's top ...

A worker rides a bicycle in front of the reactor ... with the Islamic Republic while also increasingly targeting Iran’s oil sales with sanctions as part of his reimposed “maximum pressure ...

In other words, he's trying to both increase and reduce the oil supply at the same time. The Trump administration had threatened to add Iraq as a sanctions target unless it increased oil exports ...

Chinese state firms are also curbing Russian oil imports on sanctions risks, sources told Reuters. On Friday, China and Russia stood by Iran after the United States demanded nuclear talks with ...

The Trump administration aims to slash Iran's oil exports to a trickle, Treasury Secretary Scott Bessent said The goal of President Donald Trump's maximum pressure campaign is to tank Iran's ...

Exclusive-US Mulls Plan to Disrupt Iran's Oil by Halting Vessels at Sea By Jonathan Saul and Jarrett Renshaw WASHINGTON (Reuters) - President Donald Trump's administration is considering a plan to ...

Trump has vowed to restore a "maximum pressure" campaign to isolate Iran from the global economy and drive its oil exports to zero, in order to stop the country from obtaining a nuclear weapon. Trump ...