On Iran’s Border, Cooking Oil Trade Is a Snapshot of the Country’s Struggles

The war has exacerbated Iran’s economic crisis, forcing many to cross the border into Turkey to buy the most basic goods.

U.S. Unveils More Sanctions Targeting Iran’s Shadow Fleet

The Treasury Department also targeted a top independent Chinese refinery that it said was a major buyer of Iranian petroleum.

Top Condom Producer to Increase Prices Due to War in Iran

The world’s top condom maker is raising prices of its products by up to 30 percent, warning that shortages of raw materials and chemicals because of the war in Iran could disrupt production.

U.S. Seizes Second Tanker Carrying Iranian Oil

Navy destroyers are also shadowing several other vessels that left from an Iranian port before the U. S. -imposed blockade began, a U.

U.S. Forces Board a 2nd Tanker They Say Is Carrying Oil From Iran

It was the second such action this week, as the Trump administration ramps up pressure on Tehran.

Oil Prices Climb as Cease-Fire Uncertainty Deepens

Investors wrestled with uncertainty about the cease-fire between the United States and Iran.

US Withholding Iraq’s Own Oil Money Over Ties to Iran

The United States has halted dollar shipments to Iraq’s cash-based economy in an effort to force the Baghdad government to distance itself from Iran. The money comes from Iraq’s oil revenues.

Whether for or Against the War, Iranians Say They’re Feeling Economic Pain

At a border crossing in Turkey, one Iranian woman said her friends struggled to afford food because there was no work to be found and strikes had forced factories to close.

Whether for or against the war, Iranians say they’re feeling economic pain.

Oil Prices Creep Up as Investors Weigh Cease-Fire Extension

Oil prices stablized as investors scrambled to make sense of President Trump’s decision to extend the cease-fire with Iran

Hoarding Is Driving Energy Prices Higher Everywhere

As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.

Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.

Iranian-Flagged Ship Seized by U.S. Forces Was Under Sanctions

The container ship, the Touska, was sanctioned by the U. S. Treasury over links to Iranian weapons programs.

California Woman Is Arrested at LAX and Accused of Selling Weapons for Iran

Prosecutors said that Shamim Mafi, a legal permanent resident of the United States, helped facilitate millions of dollars in arms transfers from Iran.

Can U.S. Blockade Iranian-Linked Ships Anywhere in the World? Yes, But …

Maritime and military law experts say an expansion of the naval blockade announced last week raises legal and practical questions but has ample historical precedent.