oil prices
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OPEC+ states adjust production, reaffirm commitment to market stability
SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on April 5, 2026, to review global market conditions and outlook.
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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.
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OPEC’s tough year: A quarter of oil’s value lost
SHANA (Tehran) – OPEC’s oil basket ended 2025 down 24% from the previous year after a period of sharp volatility.
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OPEC’s oil earnings dip—but not for four members
SHANA (Tehran) – OPEC data shows Iran’s oil export revenue increased by 14% in 2024.
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Oil prices drop 10% last week
SHANA (Tehran) – Oil prices, which had recently surged to a five-month high amid escalating tensions between the Israeli regime and Iran, fell by about 10% last week as hostilities subsided.
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Easing tensions calm oil prices
SHANA (Tehran) – The decline in oil prices following the announcement of a ceasefire reflects the global market's realism, according to an energy expert.
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Trump tells everyone to keep oil prices down after Iran attacks
SHANA (Tehran) – US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.
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Oil prices ease as Iran-Zionists conflict enters sixth day
SHANA (Tehran) – Oil prices eased in Asian trade on Wednesday, after a gain of 4% in the previous session, as markets weighed the chance of supply disruptions from the Iran-Israel conflict against a U.S. Federal Reserve rates decision that could impact oil demand.
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Oil rises as Iran-Zionists conflict keeps floor under prices
SHANA (Tehran) - Oil prices rose on Tuesday, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict.
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Oil soars more than 6% after Israel's strike on Iran alarms market
SHANA (Tehran) – Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.
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Expert warns of market instability following OPEC+ production move
SHANA (Tehran) - The former director of international affairs at the National Iranian Oil Company warned of the consequences of a recent decision by eight OPEC+ member countries, cautioning that instability could return to the oil market.
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‘Increased oil supply alone won’t lower prices’
SHANA (Tehran) – Morteza Behrouzifar, a faculty member at the Institute for International Energy Studies, said the recent decision by eight OPEC+ member countries to increase oil supply will not significantly reduce prices in the short term—barring a widespread global economic recession—unless geopolitical and economic stability persists.