Iran, India discuss broadening energy ties

SHANA (Tehran) — Iran’s Oil Minister Mohsen Paknejad and India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, discussed ways to expand bilateral cooperation in the oil and gas sector during a meeting on the sidelines of the 11th BRICS Energy Ministers’ Meeting on Thursday.

Tehran, New Delhi discuss expanding energy cooperation

SHANA (Tehran) — Iranian Oil Minister Mohsen Paknejad met with Indian Minister of Power, Housing and Urban Affairs Manohar Lal Khattar in New Delhi on Wednesday, as both countries explored opportunities to strengthen cooperation in the energy sector on the sidelines of a BRICS ministerial gathering to start Thursday.

Iran, Pakistan push for stronger ties

SHANA (Tehran) — Iranian President Masoud Pezeshkian and Pakistani Prime Minister Shehbaz Sharif on Tuesday emphasized the need to strengthen bilateral relations, expand economic cooperation and promote unity among Muslim countries during talks on regional and international developments.

US Treasury issues waiver for Iranian crude exports

SHANA (Tehran) – The United States authorized the production, delivery and sale of Iranian oil for 60 days, implementing a key provision of a recent memorandum of understanding between Washington and Tehran aimed at advancing talks toward a final agreement.

Tehran, Dushanbe explore oil trade expansion

SHANA (Tehran) – Iran and Tajikistan discussed ways to expand bilateral cooperation in oil and petroleum products trade, as the two countries seek to strengthen energy and economic ties.

Progress reported on oil sales, asset release talks

SHANA (Tehran) – Iran’s chief negotiator spokesperson said significant progress was made during talks in Switzerland regarding the implementation of commitments by the opposing side, particularly on oil sales licenses and the release of Iran’s frozen assets.

Iran heavy crude price jumps above $115 per barrel

SHANA (Tehran) – Iran’s heavy crude oil price rose by $10.24 in May 2026 from the previous month, reaching $115.39 per barrel, while total crude production by OPEC members declined by 177,000 barrels per day (bpd), according to OPEC’s latest monthly report.

Iran economic team reviews unified strategy for China relations

SHANA (Tehran) – Iran’s special representative for China held his first meeting with key economic ministers, including the oil minister, to discuss ways to strengthen coordination and adopt a unified approach toward advancing relations with China.

Saudi Arabia, Iran lead OPEC oil production in April

SHANA (Tehran) – Saudi Arabia and Iran remained the top oil producers in the Organization of the Petroleum Exporting Countries in April 2026, according to OPEC’s latest monthly report.

POGC focused on reconstructing damaged SP refineries

SHANA (Tehran) – The chief executive officer of Pars Oil and Gas Company said during a visit to damaged South Pars refineries after the recent war that, given the necessity of restoring the refineries to help the country manage energy resources more efficiently, the company has put the reconstruction process on the agenda with full capacity.

Spox: Iran, as a member of OPEC, remains committed to its obligations

SHANA (Tehran) – The Foreign Ministry spokesperson said Iran adheres to its commitments as an OPEC member and believes the Organization of the Petroleum Exporting Countries serves the interests of its member states.

Full production targets achieved in southern oilfields

SHANA (Tehran) – The CEO of the National Iranian South Oilfields Company said all production targets for 1404 were fully achieved, including stable output, refinery feedstock supply and export crude from subsidiary operating companies. He also stressed the need for a fundamental overhaul of oil-sector planning and engineering systems.

OPEC: A longstanding institution for oil market stability, global economic growth

SHANA (Tehran) - OPEC, as an organization formed by oil-producing developing countries, has for more than 65 years worked to secure the collective interests of its members through constructive engagement with consumer countries and the global economy, wrote Iran's representative to the Organization of the Petroleum Exporting Countries (OPEC).

Core strengths of Iran’s oil industry proven during third imposed war

SHANA (Tehran) – The deputy head of Parliament’s Energy Committee said the strong performance of Iran’s oil industry during the third imposed war demonstrated the sector’s deep-rooted technical, managerial and human capabilities.

President: Persian Gulf is a vital artery of global energy

SHANA (Tehran) – President Masoud Pezeshkian, in a message marking National Persian Gulf Day, emphasized Iran’s undeniable role in safeguarding international energy security and said efforts by Iran’s adversaries to restrict maritime trade routes are doomed to fail.

Pezeshkian: We are all Iranian and revolutionary

SHANA (Tehran) - The president of the Islamic Republic of Iran said that all of us are “Iranian” and “revolutionary,” emphasizing that with the iron unity of the nation and the government, and full obedience to the supreme leader, “we will make the criminal aggressor regret it.”

Leader hails Iran’s heroic nation as outright winner of third imposed war

SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Mojtaba Khamenei has stressed the importance of continued public participation in the battle against US and Israeli aggression.

'Historic victory' over US, Iran says enemy forced to accept its proposal

SHANA (Tehran) – Iran has declared a "historic and crushing defeat" of the United States and the Israeli regime after 40 days of war, announcing that Washington has been forced to accept a 10-point Iranian proposal that includes a permanent ceasefire, the lifting of all sanctions, and the withdrawal of US combat forces from the region.

FM blames US, Israel for rising oil prices

SHANA (Tehran) — Foreign minister blamed the United States and Israel for rising oil prices, saying their actions in the region are to blame.

Iran’s crude production rises by 34,000 bpd in February

SHANA (Tehran) - Daily oil production by members of the Organization of the Petroleum Exporting Countries increased by 164,000 barrels in February to 28.63 million barrels per day, according to the group’s latest monthly report. 

Ayatollah Seyyed Mojtaba Khamenei becomes third Leader of Iran

SHANA (Tehran) - Ayatollah Seyyed Mojtaba Hosseini Khamenei has been elected the new Leader of Iran's Islamic Revolution.

US-Iran tensions ring alarm bell for world energy security

SHANA (Tehran) – A faculty member at the Institute for International Energy Studies says geopolitical tensions in the Persian Gulf pose a serious risk to global oil prices in the short term and will push consumer countries toward energy independence through the development of unconventional reserves and renewable sources in the long term.

Russia’s minister expresses sympathy with Iranian people

SHANA (Tehran) – Russia’s energy minister said his country stands with the Iranian government and people during difficult and sorrowful moments, adding that the memory of Iran’s Leader and the schoolgirls killed will remain in their hearts.

Leader Ayatollah Khamenei martyred

SHANA (Tehran) - The Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, has been martyred following an attack by the US and Israeli regime.

Iran-Russia meeting in Tehran seen as key step toward Eurasian energy convergence

SHANA (Tehran) — The 19th Iran-Russia Joint Economic Commission in Tehran marks an important step toward greater energy convergence across Eurasia, a senior Iranian lawmaker said, adding that effective management grounded in national interests could transform sanctions into a geo-energy opportunity and reinforce Iran’s position in regional energy markets.

Tehran, Moscow move to strengthen economic cooperation

SHANA (Tehran) – A member of parliament’s Energy Committee said the Iran-Russia Joint Economic Commission presents a valuable opportunity to expand economic diplomacy and counter sanctions.

Expert: Stable Tehran-Moscow ties require a national interest-based approach

SHANA (Tehran) – An international affairs expert said the development of stable and strategic relations between Tehran and Moscow depends on a balanced, pragmatic approach rooted in the national interests of both sides.

Parliament backs expansion of cooperation with Russia

SHANA (Tehran) – A member of the Parliament’s Industries and Mines Committee voiced support for the Oil Ministry’s plans to expand energy cooperation with regional countries, particularly Russia, saying active energy diplomacy and stronger engagement with neighbors could bring significant economic benefits.

Minister Paknejad:

Iran-Russia ties based on 2025 strategic pact

SHANA (Tehran) – Iran’s oil minister said relations between Iran and Russia are being guided by the 2025 strategic document and have moved from understanding to implementation, particularly in the oil and gas sector.