Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as global refining margins remained strong. Brent crude futures rose 15 cents,

The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.

More than 30 individuals, entities and vessels are cited for allegedly helping Tehran fund terrorism through energy sales and transport.

The Trump administration imposed a new round of sanctions on oil brokers, ships and people it said were linked to illicit shipments of Iranian crude, framing the move as a return to a “maximum pressure” strategy to squeeze the country’s economy.

The Trump administration’s math on Middle Eastern energy supplies just doesn’t add up. The law of supply and demand is the most basic insight in economics. When there's more of a good available for sale than people who want to buy it,

Oil futures finished higher on Monday, with prices finding support after a nearly 3% decline Friday, as the U.S. imposed fresh sanctions on Iran, impacting its crude sector.

The Trump administration on Monday announced sanctions on more than 30 individuals and vessels connected with the sale and transportation of Iranian oil and its products.

The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum,

Such sanctions target key sectors of Iran's economy with the aim of denying the government funds for its nuclear and missile programs. The move generally prohibits any U.S. indivi

The Trump administration announced new sanctions aimed at Iran‘s “shadow fleet” of oil tankers that it said are used to fund destabilizing activities around the world. The sanctions, imposed Monday by the Treasury Department’s Office of Foreign Assets Control and the State Department,

Oil prices edged higher on Monday as fresh U.S. sanctions on Iran and a commitment to compensate for overproduction by Iraq added to concerns of near-term supply tightness, helping the market recover some of Friday's steep losses.