Iran warns retaliation could cut off U.S. and allies from Persian Gulf oil and gas for years

TEHRAN-Iran’s Islamic Revolution Guards Corps (IRGC) has warned that any American or Israeli crossing of Tehran’s “red lines” could trigger retaliatory strikes that would deprive the United States and its allies of regional oil and gas for years. The statement came after the IRGC claimed responsibility for a new wave of attacks under the 99th phase of “Operation True Promise 4.”

Oil at $150 a barrel not out of question: Barclays

TEHRAN- British bank Barclays has predicted that continued tensions in the West Asia could push Brent crude oil prices to $150 per barrel within the next month.

Goldman Sachs warns oil may surge above $100 if Hormuz flows don’t recover

TEHRAN- Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its basecase forecast are rapidly growing further, Reuters reported on Saturday.

‘No energy shortages as necessary measures taken’

TEHRAN - The head of the Energy Optimization and Strategic Management Organization, referring to concerns regarding fuel and commodity shortages, said: “With the planning that has been done and the reserves that have been anticipated, we have no shortages.”

By Ranjan Solomon

Venezuela and the Return of Colonial Seizure Politics

GOA - The phrase "Venezuela and the Return of Colonial Seizure Politics" is a term used primarily by the Venezuelan government and its international allies to describe recent actions by the United States, particularly those involving sanctions, asset seizures, and military pressure. This perspective argues that U.S. actions amount to a modern form of imperialism aimed at seizing the country's vast oil and mineral wealth and imposing a U.S.-backed government.

Venezuela hits 1.2 million barrel oil target despite U.S. pressure

Venezuela has reached its goal of producing 1.2 million barrels of crude oil per day this year, despite intensifying U.S. pressure and tanker seizures, said Vice President Delcy Rodriguez.

Trump 'only interested' in Venezuela's oil: analyst

'Invoking the term “Monroe Doctrine” by the current regime has a certain element of populist appeal among the isolationist-leaning electorate'

TEHRAN – Yuram Abdullah Weiler, an engineer-turned political analyst, argues that U.S. President Donald Trump’s intense pressure on Venezuelan President Nicolás Maduro stems from a desire to dominate the country and secure access to its vast oil reserves, which surpass those of Saudi Arabia.

By Batool Subeiti

Capitalist expansion and US intervention in Latin America

LONDON - The United States is going through a major economic crisis, which is why Trump talks about controlling places like Greenland or the Panama Canal, and makes threats of military action against the oil-rich Venezuela, and even talking about annexing Canada.

Iran upholds sentences for 14 in massive fuel-smuggling case

TEHRAN – The Chief Justice of Hormozgan Province in southern Iran has announced that a provincial appeals court has upheld the verdict issued by the Bandar Abbas Court, finalizing the convictions of 14 members of an organized network involved in smuggling 27 million liters of diesel fuel.

Gilan’s tourism potential could rival oil revenues, minister says

TEHRAN – Iran’s Minister of Cultural Heritage, Tourism and Handicrafts said on Saturday that the northern province of Gilan has the capacity to generate revenues on par with oil if investment in tourism infrastructure is prioritized.

Oil minister says Iran has no unsold oil waiting at sea

TEHRAN – Iranian Oil Minister Mohsen Paknejad has stated that the country has no unsold oil waiting at sea, clarifying that all current shipments are strategically managed in line with market demand.

Iran seizes four tankers in anti-smuggling operation

TEHRAN – Iranian naval forces have seized four tankers in the Persian Gulf, thwarting an attempt to smuggle thousands of liters of oil.