Strait of Hormuz

U.S. says Tehran would be ‘very wise’ to make a deal as Russia, Iran hold naval drills

by
U.S. says Tehran would be ‘very wise’ to make a deal as Russia, Iran hold naval drills

U.S. President Donald Trump disembarks Air Force One at Palm Beach International Airport in West Palm Beach, Florida, U.S., Feb. 13, 2026. Elizabeth Frantz | Reuters The Trump administration has warned it would be “very wise” for Iran to make a deal, amid reports the White House is considering fresh military action against Tehran as … Read more

Iran is not a major oil producer, but it still moves prices. Here’s why

by
Iran is not a major oil producer, but it still moves prices. Here’s why

Oil prices rose Friday as President Donald Trump’s renewed threats against Iran raise concerns about supply disruptions. Iran is not a major oil producer. The country pumps about 3.4 million barrels per day, according to Kpler. That number pales in comparison with the U.S. and Saudi Arabia, which pump about 13.5 million barrels per day … Read more