Iran’s Foreign Ministry has condemned the signing of an oil deal between a US oil company and the Syrian Democratic Forces (SDF) stressing that the deal lacks legal validity.
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday.
US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory.
The price of a barrel of Brent crude oil climbed by more than nine percent to $22.25 (ICE) on Thursday after the US renewed its hostility towards Iran.
US oil prices rebounded back above zero Tuesday, a day after futures ended in negative territory for the first time.