Iran's Revolutionary Guards have seized two overseas-registered tankers in the Persian Gulf accused of fuel smuggling.

ALBAWABA Iran’s Islamic Revolutionary Guard Corps (IRGC) seized two foreign oil tankers, Star 1 and Winteng, on Monday, ...

The oil-exporting countries of the Persian Gulf weren't spared from President Trump's sweeping global tariffs, despite ...

The two oil tankers have been detected by the servicemen of the IRGC Navy’s second naval zone in Bushehr. The tankers have ...

Iran has a history of responding to action by its Western foes with retaliation. In January last year, its armed forces ...

Just days after Donald Trump warned Iran of severe consequences, the IRGC Navy has seized two foreign oil tankers, ‘STAR 1’ ...

Iran says its oil trade complies with all accepted standards, rejecting allegations that the country used forged documents on ...

The U.S. Department of Justice has filed a lawsuit seeking the forfeiture of $47 million from the sale of Iranian oil, ...

The US has filed a civil forfeiture complaint for $47 million in proceeds from the sale last year of around 1 million barrels ...

President Jimmy Carter kept the oil-for-security arrangement alive even after the Saudis nationalized their energy industry in 1980, with a new foreign-policy doctrine that guarded Persian Gulf ...