Russia considering sanctions busters
Russian President Vladimir Putin told regional bloc leaders that deeper trade relations could stimulate economic growth. Photo by Yuri Gripas/UPI May 15 (UPI) — With its oil and gas sector Continue Reading
US sanctions target Iran central bank governor
The US Treasury targeted the governor of Iran’s central bank on Tuesday as the Trump administration ratcheted up sanctions in the wake of its decision to pull out of the Continue Reading
Tanker Insurance Issues Could Stymie Iran’s Oil Exports
While the oil industry and market are still assessing the impact of the U.S. withdrawal from the Iran nuclear deal and the re-imposition of sanctions, the biggest hurdle to Iran’s Continue Reading
Exclusive: Iran asks Chinese oil buyers to maintain imports after U.S. sanctions – sources
A senior official at Iran’s state-owned oil supplier met Chinese buyers this week to ask them to maintain imports after U.S. sanctions kick in, three people familiar with the matter Continue Reading
Global oil supplies robust enough to cut Iran’s exports: Trump memo
Global oil supplies are plentiful enough to withstand a “significant reduction” in petroleum exports from Iran, according to a White House memo issued on Monday as the Trump administration prepares Continue Reading
Iran Sanctions Threaten The Petrodollar
One country must be quite pleased with the prospect of new U.S. economic sanctions against Iran’s oil industry, and this country is the largest oil importer in the world, and Continue Reading
Tehran, Moscow set to save Iran nuclear deal
Tehran said it will preserve the 2015 nuclear deal with Russia despite Washington’s decision to withdraw. “Iran and Russia should guarantee our common interests, which are to preserve the deal Continue Reading
Rouhani says Iran may remain part of nuclear accord
DUBAI (Reuters) – Iranian President Hassan Rouhani reiterated on Sunday that Tehran would remain committed to its 2015 nuclear deal if its interests can be protected and said the U.S. Continue Reading
India says too early to predict sanctions impact on Iran imports
India’s oil minister on Saturday expressed concern about the rise oil prices but said it was too early to predict the impact of U.S. sanctions on his country’s imports of Continue Reading
Buyers seek United States waivers to buy Iranian oil amid new sanctions
Analysts’ estimates of the possible reduction in Iranian crude supplies as a result of any new USA sanctions range from 200,000 bpd to 1 million bpd. Hours before of Trump’s Continue Reading
Some OPEC members are U.S. ‘tools,’ Iran says
There may be certain members of OPEC acting as “tools” for a U.S. government looking to capitalize on shale oil momentum, Iran’s oil minister said. Crude oil prices are trading Continue Reading
Iranian Oil Squeeze Could Upset OPEC Agreement on Production Cuts
President Donald Trump’s decision to withdraw from the Iran nuclear deal could pile pressure on OPEC’s pact to limit production and upset the delicate balance among its disparate signatories, analysts Continue Reading
His nuclear deal and economy are crumbling, but don’t write off Iran’s president yet
The Iranian president’s signature achievement, a landmark nuclear deal with world powers, is starting to unravel, and his economy is in distress even before renewed U.S. sanctions begin to bite, Continue Reading
Iran Accuses U.S. Of Pushing Up Oil Prices
U.S. President Trump has made a deal with some OPEC producers to keep prices high as they support the U.S. economy and boost federal taxes. This is what Iran’s Energy Continue Reading
Oil Markets Tremble On Iran, Israel Flare-Up
Brent crude briefly jumped above US$77 a barrel today after a flare-up of tensions in the Middle East and an exchange of strikes between Iranian forces in Syria and the Continue Reading
U.S. sanctions Iran currency network after Trump pulls out of nuclear deal
The U.S. Treasury imposed sanctions on Thursday against six individuals and three companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days Continue Reading
Iran says U.S. exit from nuclear deal will not have any impact on its oil
Iranian Oil Minister Bijan Zanganeh said on Thursday that U.S. President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports. “Trump’s decision will not Continue Reading
There may be some oil ‘wiggle room’ on Iran
Though as much as 1 million barrels per day could be limited with the U.S. pullout of the Iranian deal, there could be some wiggle room, analysis found. White House Continue Reading
U.S. Raises Pressure on Iran With Sanctions on Currency Exchange
The U.S. took a step toward cutting Iran off from the global economy on Thursday, levying sanctions on a financing network and accusing the country’s central bank of helping funnel Continue Reading
Buyers Seek US Waivers to Buy Iranian Oil Amid New Sanctions
South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. Continue Reading
U.S. diplomats face tough task imposing new Iran oil curbs
By restoring sanctions against Iran, U.S. President Donald Trump has tasked a little-known State Department office with convincing companies and governments worldwide to cut imports of Iranian crude – even Continue Reading
How Much Iranian Oil Can Trump Disrupt?
Trump did not offer any new justification for how Iran was violating the nuclear accord – the IAEA confirmed on May 9 that Iran is in compliance with its nuclear Continue Reading
Iran Upbeat About Oil Exports Despite Sanction Threat
Iran is confident that its oil exports will not be disrupted by the re-imposition of sanctions after the United States vowed to withdraw from the Nuclear Deal, according to Iranian Continue Reading
Analysis: US expected to take hard line on Iran oil import cuts
The Trump administration will likely grant Iranian crude buyers less leeway from sanctions that snap back in November than the Obama administration granted in 2012-15, but an oil price spike Continue Reading
Riyadh offers oil assurances after U.S. walkout on JCPOA
With the United States reneging on the Iranian nuclear deal, Saudi Arabia is committed to ensuring oil market stability, its energy ministry said. “I do not believe that continuing to Continue Reading
IEA: Return Of Iran Sanctions Could Impact Oil Market Balance
The restoration of sanctions on Iran—the world’s fifth-largest oil exporter—may have implications for the market balance, the International Energy Agency (IEA) said in a statement on Wednesday, adding that it Continue Reading
Who Was Buying Iranian Oil And What Happens Next?
With Trump having started the 6 month process of pulling out from the Iranian nuclear deal (or rather as Steven Mnuchin admitted, Trump’s true intention is merely renegotiating the existing Continue Reading
How The World’s Oil Powers Will Seize The Iran Deal
Despite President Trump’s clear signals over the last month, his decision to leave the JCPOA nuclear deal has still managed to shock the market. It appears that the market, and Continue Reading
Did Trump Just Kill The OPEC Deal?
As has been widely discussed in the aftermath of President Trump’s decision to withdraw from the Iran nuclear deal, the return of sanctions on Iran could disrupt oil shipments, with Continue Reading
U.S. Pullout From Nuclear Deal Energizes Iranian Foes of Foreign Influence
President Donald Trump’s decision to withdraw from the nuclear deal with Iran dealt a political blow to Iranian President Hassan Rouhani, who faces a challenge from hard-line opponents who never Continue Reading
Israel says it attacked targets in Syria after Iranian rocket fire
Israel said it attacked nearly all of Iran’s military infrastructure in Syria on Thursday after Iranian forces fired rockets at Israeli-held territory for the first time. It was the heaviest Continue Reading
Trump’s Iran Move May Kick Worst U.S. Gas Market While It’s Down
President Donald Trump’s decision to scrap the Iran nuclear deal and restore sanctions was great for oil bulls. But for natural gas drillers in America’s hottest shale play, it could Continue Reading
Rouhani says Iran will remain in nuclear deal
President Hassan Rouhani said on Tuesday that Iran would remain committed to a multinational nuclear deal despite U.S. President Donald Trump’s decision to withdraw from the 2015 agreement designed to Continue Reading
Iranian question mark hangs over U.S. gas prices
The steady rise in consumer gasoline prices in the United States is tapering off, but a question mark remains over the Iranian deal, analysts said. U.S. President Donald Trump is Continue Reading
Donald Trump pulls US out of Iran nuclear deal
Donald Trump pulled the US out of the landmark nuclear deal with Tehran on Tuesday, moving to re-impose sanctions on Iran and defying pleas from close allies who had called Continue Reading
Iranians Fear Deeper Crisis as Trump Ends Nuclear Deal
The sense of crisis in Iran runs deep and wide. The economy is in free fall. The currency is plummeting. Rising prices are squeezing city dwellers. A five-year drought is Continue Reading
Iranians Fear Deeper Crisis as Trump Ends Nuclear Deal
The sense of crisis in Iran runs deep and wide. The economy is in free fall. The currency is plummeting. Rising prices are squeezing city dwellers. A five-year drought is Continue Reading
Saudi Arabia’s Needs Have Become Iran’s Problems
While Israel has been the barking dog pushing hostilities against Iran, it is the Saudis that are truly most threatened by Iran’s return to the global economy. They are as Continue Reading
Less than one in three Americans support U.S. pullout from Iran deal
Less than one in three Americans agrees with President Donald Trump’s decision to pull the United States out of an agreement to limit Iran’s nuclear program, according to a Reuters/Ipsos Continue Reading
German firms should wind down Iran operations immediately: U.S. envoy
U.S. President Donald Trump’s new ambassador to Germany, Richard Grenell, said on Twitter that German firms operating in Iran should halt activities there immediately after Trump announced the United States Continue Reading
Iran oil min says Tehran prefers ‘reasonable’ oil price
Iranian Oil Minister Bijan Zangeneh said on Sunday that Tehran preferred a “reasonable” crude oil price to avoid market instability, the ministry’s news agency Shana reported. Zangeneh said that reasonable Continue Reading
Iran prepares to export new oil grade amid sanctions threat: sources
Iran is readying the first commercial exports of its West Karoun crude oil grade for May or June, two sources familiar with the matter said, even as fresh economic sanctions Continue Reading
Iran says new sanctions would not stifle its oil industry
The Iranian oil industry will continue to develop even if the United States pulls out of the 2015 nuclear deal, and Tehran would see the accord as operational as long Continue Reading
Iranian-led panel said human error led to sinking of oil tanker
The Chinese vessel that hit an Iranian oil tanker in January failed to respond to concerns about its course, an Iranian-led investigation found. The Iranian oil tanker Sanchi was carrying Continue Reading
Iran Resists U.S. Demands Before Trump’s Decision on Nuclear Pact
Iran’s president said his country would fiercely resist efforts to contain its regional influence as President Donald Trump weighs withdrawing from the nuclear deal , a scenario that threatens to Continue Reading
Iran Opposes Higher Oil Prices, Signaling Divide With Saudis
Iran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member and political rival Saudi Arabia, which is showing Continue Reading
Labor Strikes and Worker Protests Erupt Across Iran: ‘This is Slavery’
Teachers went on strike in central Iran’s city of Yazd. Steelworkers and hospital staff walked off the job in the southwest city of Ahvaz. Railway employees protested near Tabriz. And Continue Reading
Billions on the line as Trump weighs Iran pullout
From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump weighs whether to pull America out of Iran’s nuclear deal with world Continue Reading
US takes aim at Iran’s missiles in last-ditch nuclear talks
The Trump administration has secured European backing to impose sanctions on Iran should it ever seek to develop an intercontinental ballistic missile. The agreement addresses one of US president Donald Continue Reading
Iran says will not renegotiate nuclear deal, warns against changes
Iran’s foreign minister said on Thursday U.S. demands to change its 2015 nuclear agreement with world powers were unacceptable as a deadline set by President Donald Trump for Europeans to Continue Reading