Iran is one of the largest global players in the oil game. This is one of the reasons that The United States has been so eager to see the overthrow of the Islamic Revolution. As of 2013, Iran had the fourth largest reserves of oil in the world. Their supply of it to the global…
Israeli Prime Minister Benjamin Netanyahu announced to the world yesterday that his country is ready to begin a blockade of Iranian oil shipments. Such a move would be crippling for the Iranian economy. The embattled politician made the threat at a navy cadets’ graduation ceremony in Haifa on Wednesday. “Iran is trying to bypass the…
The government of Venezuela has made the decision to move its European office of the state oil company to Russia. The move comes as the company is under assault from the US and other imperialist countries. The Petróleos de Venezuela, S.A (PDVSA) is currently being moved from the Lisbon to Moscow to avoid any other…
Iran has reiterated their threat to retaliate if the United States carries through on its promise to block all Iranian oil from the world market. This has been a threat that US president Donald Trump has made on more than one occasion. Not only would this be completely devastating for the Iranian economy, but it…
With the US withdraw from the Joint Comprehensive Plan of Action (JCPOA or Iran nuclear deal) a new round of sanctions have been placed on the Islamic Republic. The US is doing its best to harm the country which has dared to resists imperialist attempts to destroy their country and stand in solidarity with those…
It has now been made clear that the US has no intention of making any overtures of peace towards Iran. US National Security Advisor John Bolton has stated without ambiguity that he intends to wholly block Iranian oil from the world market. But, can this actually be achieved? This has all begun with the assault…
US President Donald Trump has not wasted much time when it comes to dealing with Iran. He has taken a very aggressive stance towards the Islamic Republic, orientated along the imperialist line. Without any provocation, the US unilaterally withdrew from the Joint Comprehensive Plan of Action agreement in which Iran promised not to build any…
It seems that the US instigation of a trade war has begun to stir some serious retaliation. As the US under President Trump continues to chart a course of economic and military confrontation with the entire planet, some countries have begun trying to deal with US tariffs. China seems to be leading the way in…
Do you like paying high prices for oil? Well, then you’re in luck. It seems that there is a drastic increase in the price of oil coming soon. US energy policies and imperialist aggression are the two-headed beats responsible for this new round of price increases. Already Brent crude futures are trading around $78.10 (from…
Big news in the world of economic cooperation: The Development Bank of China has approved a loan of US$5 billion for Venezuela to increase petroleum development. According to reports the money will be used for upgrading much of the equipment and methods to produce petroleum in the country. This move comes as there has been…
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