The US Treasury extends for another month its waivers on Russian oil floating on tankers.

The International Energy Agency (IEA) warns that commercial oil inventories are depleting rapidly and that the world only has a few weeks' worth of oil reserves left.

The US allows a sanctions waiver permitting the purchase of Russian oil cargoes stranded at sea to expire without renewal.

World oil stockpiles are at their lowest levels in eight years as US-Israeli aggression against Iran throttles supplies.

In his 1999 novel "A Drawing Etched in the Sand", Syrian writer Hani al-Raheb creates an imagined American character who suggests that the real concern for the US is the possibility of Persian Gulf rulers reconciling with their own societies.

Ghodrati says the country’s oil is being sold at twice the contracted price.

Global oil prices climb markedly after renewed tensions in the Strait of Hormuz and the uncertainty of the prospects of further Iran-US negotiations.