# oil exports
Latest news and articles about oil exports
Total: 4 articles found
Explosions Rock Iran’s Kharg Island as U.S. Says It Struck but Spared Oil Infrastructure
Iranian media reported more than 15 explosions on Kharg Island during an enemy airstrike, with oil export facilities reportedly undamaged. U.S. President Donald Trump said American forces struck the island but intentionally spared oil infrastructure, warning he might reverse that decision if Iran or others disrupt shipping in the Strait of Hormuz.
Escalation at Sea and in Baghdad: Trump Declares Iran 'Crushed' as U.S. Embassy Air Defences Hit and Kharg Island Struck
A sudden escalation between the United States and Iran has produced deadly U.S. casualties, strikes on Iran's critical oil-export terminal at Kharg Island and claims that the U.S. embassy's air-defence system in Baghdad was destroyed. Tehran has warned it will retaliate against any attacks on its energy and economic infrastructure by striking U.S.-linked facilities across the region.
Iran’s Rial Collapses to 1.31 Million per Dollar as Sanctions and Oil Shock Unleash Economic Pain
The Iranian rial has plunged to about 1.314 million per U.S. dollar in market trading, a collapse driven by loss of foreign exchange from sanctions, an oil‑dependent revenue structure, and failed attempts at exchange‑rate reform. The slump is deepening inflationary pain for ordinary Iranians, prompting central bank turnover and heightening political and humanitarian risks.
Beneath the Rubble: How Iran’s Shadow Economy Keeps a Struggling Regime Afloat
Iran’s public economy has unravelled since December 2025: runaway inflation, a collapsing rial, and mass protests followed a fuel subsidy cut. But a large, opaque shadow economy—dominated by the IRGC, Bonyads and resilient shadow‑banking networks—continues to circulate funds and shield the regime’s core, making rapid collapse unlikely and prolonging chronic national decline.