General Ali Reza Tangsiri warned that cruise missiles could "create a hell for the enemy's warships," state TV reported.

The president says lower prices could solve a range of problems, but finds early resistance in the oil market.

While the GECF isn't a full cartel yet, growing cooperation among members suggests a future alliance is possible. This potential cartel's direction will depend on policy alignment among GECF members ...

Iraq's parliament approves a plan to compensate oil companies in Kurdistan, paving the way for a restart of crude oil exports ...

By bnm Tehran bureau Iran is set to finalise deals with leading local firms to carry out a major pressure-boosting project in ...