U.S. Expects China to Buy Even More Iranian Oil After Sanctions
There is one big hitch in U.S. plans to stem buying of Iranian oil: China. Some in Washington now expect that China will vacuum up much of the Iranian oil Continue Reading
Oil Selloff Gives Trump More Room On Iran
The Trump administration has been going back and forth over how hard it plans on pushing countries to cut their imports of Iranian oil to zero. After softening the tone Continue Reading
Iran Official Urges Trump Not to Use U.S. Strategic Oil Reserve
A senior Iranian oil official urged U.S. President Donald Trump not to use the nation’s Strategic Petroleum Reserve to push prices lower, and instead drop sanctions on Iran’s crude exports. Continue Reading
Iran asks Saudi Arabia to stick to OPEC agreements
Saudi Arabia is reminded of its obligations to production quotas outlined by an OPEC-led agreement brokered in late 2016, Iran’s oil minister said Monday. The latest survey from commodity pricing Continue Reading
Iran Urges Trump: Don’t Tap SPR To Lower Oil Prices, Drop Sanctions Instead
Iran is urging U.S. President Donald Trump not to tap the U.S. Strategic Petroleum Reserve (SPR) to bring oil prices down, but drop the sanctions against Tehran instead. A senior Continue Reading
As sanctions start to bite, Iran crude exports set to wilt
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages Continue Reading
US rejects Europe’s hopes of relief from Iran sanctions
International companies active in Iran face the threat of US sanctions within weeks after Washington rebuffed a high-level European plea to exempt crucial industries that would help keep a nuclear Continue Reading
Iran nuclear deal: US rejects EU plea for sanctions exemption
European companies have invested heavily in Iran’s energy sector The US has rebuffed high-level pleas from the European Union to grant exemptions to European companies from its sanctions against Iran. Continue Reading
Iran to Saudi: OPEC deal does not give the right to pump oil above target
Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to Continue Reading
Iran eyes Asia buyers to protect oil exports from US sanctions
Iran is pinning its hopes on Asian oil consumers as it battles to protect crude exports and shield its economy from tough US sanctions. The US has been lobbying oil Continue Reading
Iran nuclear deal: US rejects EU plea for sanctions exemption
European companies have invested heavily in Iran’s energy sector The US has rebuffed high-level pleas from the European Union to grant exemptions to European companies from its sanctions against Iran. Continue Reading
Iran’s supreme leader calls for government to be backed in face of U.S. sanctions
Iran’s supreme leader on Sunday called on state bodies to support the government of President Hassan Rouhani in fighting looming U.S. economic sanctions, saying America’s “conspiracy” could be defeated, according Continue Reading
Russia ready to invest $50bn in Iran’s energy industry
Iran has touted $50bn worth of potential Russian investments in its oil and gas sector as it seeks to deepen its relationship with Moscow, amid mounting pressure from the US Continue Reading
U.S. To Slap Sanctions On All Iranian Oil Buyers
The United States intends to impose sanctions on all customers of Iranian oil, including China, the EU, and Russia, Treasury Secretary Steven Mnuchin said on Thursday, signaling that the U.S. Continue Reading
Analysis: India-Iran oil ties could face strain as US ratchets up pressure
Highlights Refiners still uncertain of which strategy to adopt Both oil ministries confident either will be flexible Indian imports of Iranian oil remain above 2017 levels London — Receive daily Continue Reading
Iran says U.S.-caused oil spike will slow growth, add to tariff impact
A rise in oil prices caused by the United States’ sanctions policies will hurt economic growth in China, Europe and other consumers, much like President Donald Trump’s trade measures, a Continue Reading
Iran Assures India It Will Supply Enough Oil
Iran will take care to supply India with all the oil it needs, the country’s embassy in India said , a day after deputy ambassador threatened India that Iran could Continue Reading
Analysis: Japan poised to halt Iran oil loadings in Aug ahead of US sanctions
Highlights Japanese refiners’ imports will slow to a trickle next month Shipping companies prepare for snap-back of sanctions in November Washington officials send mixed signals on sanctions relief Tokyo — Continue Reading
Facing Threats at Home and Abroad, Iran’s President Takes a Harder Line
For much of his presidency, Hassan Rouhani has been at loggerheads with Iran’s military and conservative establishment, as he forged diplomatic ties with the West to break his country’s international Continue Reading
Will The U.S. Compromise On Iran Oil Sanctions?
Some of the United States’ closest allies are scrambling to find a way around the latest sanctions of the Trump Administration against Tehran, and Washington may have to revise its Continue Reading
India Cuts Iran Oil Imports Sharply In June
Iranian crude oil imports into India fell by 15.9 percent in June from May, or to 592,800 bpd from more than 705,000 bpd in the previous month, Reuters reports , Continue Reading
Iran vows to sell as much oil as it can despite U.S. sanctions
Iranian vice president Eshaq Jahangiri acknowledged on Tuesday that U.S. sanctions would hurt the economy but promised to “sell as much oil as we can” and protect its banking system. Continue Reading
No problem for oil yet in the Strait of Hormuz
Iranian threats to block the flow of oil through the Strait of Hormuz, a global chokepoint, haven’t been manifested yet, an international affairs expert said. Facing a November deadline on Continue Reading
The Broader Implications Of U.S. Sanctions On Iran
President Donald Trump’s aversion towards Iran’s rulers has been obvious since his announcement for running for the office of US president. His confrontational policy has culminated in the unilateral withdrawal Continue Reading
India cuts Iranian oil imports in June ahead of U.S. sanctions
Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set Continue Reading
Facing Threats at Home and Abroad, Iran’s President Takes a Harder Line
For much of his presidency, Hassan Rouhani has been at loggerheads with Iran’s military and conservative establishment, as he forged diplomatic ties with the West to break his country’s international Continue Reading
More Western Energy Companies Leave Iran
Iran is still trying to get EU help as more western companies exit the country ahead of renewed sanctions imposed by the U.S. In more bad news for the Islamic Continue Reading
Asian Buyers Look To Replace Iranian Oil Amid U.S. Sanctions
Asian oil customers are looking to secure more oil supplies from Saudi Arabia, Kuwait, and Iraq, to replace oil from Iran after the U.S. announced the new sanctions on Tehran, Continue Reading
South Korea Rejects Reports Of Iranian Oil Import Suspension
“The embassy of the Republic of Korea denies any claims that it would not lift any Iranian crude and condensate in July,” Xinhua reported on Saturday, after last week Reuters Continue Reading
Iran says U.S. sanctions to bite, but will sell as much oil as possible
Iranian Vice President said on Tuesday it would be a mistake to think the fresh U.S. sanctions against Tehran would have no impact on Iran’s economy when Washington has started Continue Reading
Iran Sanctions Are Different This Time
The Trump administration is trying to replicate the Obama-era strategy of shutting in Iranian oil exports as a way to pressure the regime into making a series of concessions. But Continue Reading
How Bad Is Iran’s Oil Situation?
The U.S. government has continued its attempts to shut down Iran’s oil exports, and in recent days Iranian officials responded by threatening to block the Strait of Hormuz. Such an Continue Reading
Iranian oil minister calls Trump’s order to OPEC insulting
Iran’s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding Iranian oil production and exports had not Continue Reading
Iran disappointed with EU proposal on nuclear deal
Iranian President Hassan Rouhani said Europe so far has offered few comments beyond general commitments of support for the U.N.-backed nuclear agreement. File Photo by the Iranian Presidency Office July Continue Reading
South Korea Suspends Iranian Oil Imports
South Korea has suspended all buying of Iran crude and superlight crude, more commonly known as condensate after the U.S. stepped up pressure on Iran crude buyers to stop importing Continue Reading
Why Iran Is Threatening to Close the Strait of Hormuz
Facing the imminent reinstatement of U.S. oil sanctions, Iran is threatening to close the Strait of Hormuz, which would shut down the region’s oil trade. Iran has made this threat Continue Reading
South Korea suspends Iranian oil loading in July for first time since 2012: sources
South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid U.S. pressure to cut all imports of Continue Reading
U.S.-Iran tensions rise over oil route as EU tries to save nuclear deal
The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military’s Central Command said on Thursday, as Iran’s Revolutionary Guards warned they would block Continue Reading
China chides Iran over threat to block oil exports through Strait of Hormuz
Iran should make more effort to ensure stability in the Middle East and get along with its neighbors, a senior Chinese diplomat said on Friday, as Iran’s Revolutionary Guards warned Continue Reading
Iran Looks To Barter Oil As U.S. Sanctions Bite
Faced with the return of U.S. sanctions, Iran is studying a revival of a plan to barter crude oil for goods, possibly resuming the scheme that it used to try Continue Reading
Analysis: Iran’s June oil exports up, but US sanctions start to worry key buyers
Iran’s oil exports recovered in June as demand from its key customers in Asia increased with an appetite for Iranian oil picking up this summer. Receive daily email alerts, subscriber Continue Reading
Iran on verge of political volcanic eruption
Those who watched the spectacular volcanic eruptions in Hawaii in June will have seen the tremors and earthquakes that were followed by massive explosions, as great floods of molten lava Continue Reading
Iran’s Guards threatens to block oil shipments in Gulf
An Iranian Revolutionary Guards commander said on Wednesday that Tehran will block oil shipments through the Strait of Hormuz in the Gulf if the United States bans Iranian oil sales. Continue Reading
Iran Threatens To Close Crucial Oil Chokepoint
Iranian president Rouhani stated on Tuesday in Bern, Switzerland that his country could block the Strait of Hormuz for all Arab shipping traffic if Washington fully implements its zero oil Continue Reading
US Navy ‘stands ready’ to protect Hormuz after Iran threatens crude oil exports
The US military has reiterated its pledge to protect oil tankers sailing through the Strait of Hormuz after Iran’s president suggested shipments from the region could be disrupted in response Continue Reading
Iranian President: No One Will Benefit From U.S. Nuclear-Deal Exit
During a visit to Vienna, Iranian President Hassan Rohani has reiterated that Tehran will remain in the 2015 nuclear deal with world powers as long as its interests are guaranteed Continue Reading
Iran’s oil can still flow, the country’s first vice president said
Iran’s first vice president said the U.S. government’s efforts to force Tehran’s customers to stop importing any of its oil by November is not realistic. “U.S. sanctions would not be Continue Reading
Iran’s Rouhani hints at threat to neighbors’ exports if oil sales halted
President Hassan Rouhani appeared on Tuesday to threaten to disrupt oil shipments from neighboring countries if Washington presses ahead with its goal of forcing all countries to stop buying Iranian Continue Reading
U.S. says global oil capacity enough to make up for Iran cutbacks
The United States aims to reduce Tehran’s oil revenue to zero in an effort to force the Iranian leadership to change its behavior in the region and believes there is Continue Reading
Saudi, US raise pressure on Iran with OPEC deal
Iran says Riyadh and Washington are ‘ridiculing’ OPEC as Saudi Arabia’s modest output pledge turns into massive jump. Saudi Arabia’s Oil Minister Khalid al-Falih. LONDON – Iran may be Russia’s Continue Reading