Tuesday, June 16, 2026
Oil heads towards second consecutive weekly gain on supply concerns- oil and gas 360

Oil heads towards second consecutive weekly gain on supply concerns

(Investing) – LONDON -Oil prices fell slightly on Friday but were heading for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures were down 23 cents, or 0.3%, at $71.77 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures fell

U.S. imposes new sanctions on Iran's shadow fleet- oil and gas 360

U.S. imposes new sanctions on Iran’s shadow fleet

(Oil Price) – The United States has imposed sanctions on more than 30 people and vessels for selling and transporting Iranian petroleum-related products as part of the country’s” shadow fleet,” the Treasury Department has announced. The latest sanctions target tanker operators and managers in India and China; oil brokers in the United Arab Emirates (UAE) and Hong Kong and the