Iranian Tanker Seized by Indonesia is Released After 4 Months

An Iranian-flagged tanker seized by Indonesia in January over the suspected illegal transfer of oil has been released, an Indonesian official and Iranian state media said on Saturday.

‘Perfect Trips’: Venezuela and Iran Swap Jet Fuel for Gasoline

Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a swap deal agreed by the two state-run oil firms, three people with knowledge of the matter told Reuters.

NITC targeted in latest US sanctions against Iran

The US Treasury Department has imposed sanctions against the Iranian oil sector including the oil ministry, oil minister, and the state-owned oil and shipping company in its latest round of sanctions against the country.