Business & Economy: The move is part of the Trump administration’s maximum pressure campaign aimed at curbing Iran’s oil revenues and deterring its military ambitions

US sanctions over 20 companies for facilitating Iranian oil shipments to China

Business & Economy: Oil prices saw a sharp fall after the eight-member OPEC+ announced plans to boost oil production by 411,000 barrels per day in June

Oil sees a sharp decline as OPEC+ decides to increase supply

The price of a barrel of benchmark US oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity.

What is a negative crude future and does it mean anything for consumers?

This could dampen the prospects of agreement on an output freeze at an OPEC meeting in September

Iran wants pre-sanctions crude oil market share