Oil tankers ablaze in the Gulf of Oman and the US pointing the finger at Iran should be enough to send the price of the world’s most vital commodity skyrocketing.
Instead, oil prices have barely budged. Traders are not buying into the theory that Iran wants a war, but they are worried about...
The global oil market is “unstable and fragile”.
Oil Minister Bijan Namdar Zanganeh told his Russian counterpart Alexander Novak in a meeting in Tehran on Monday, Shana, the Oil Ministry's news portal, reported.
“We discussed the international oil market. It is my opinion that the market is...