The CEO of Drilling International Limited, Dr. Hamid Reza Saghafi, announced the company’s plan to expand its offshore drilling fleet.

In what Tehran calls a "dangerous adventure", two separate explosions, possibly caused by missile attacks, hit an Iranian oil tanker operated by the National Iranian Tanker Company (NITC) near the Saudi port city of Jeddah.

Iran’s oil minister criticized the US on Wednesday for using oil and gas as a raw material weapon against the Iranian nation.