Iran’s parliament has lowered the government’s oil export target from 2.3 million to 1.5 million to manage expectations, news agency ISNA reported Jan 2. Receive daily email alerts, subscriber notes Continue Reading
The Pentagon said on Sunday that it had ordered the aircraft carrier Nimitz to remain in the Middle East because of Iranian threats against President Trump and other American officials, Continue Reading
Iranian Foreign Minister Mohammad Javad Zarif on Thursday accused U.S. President Donald Trump of attempting to fabricate a pretext to attack Iran, and said Tehran would defend itself forcefully. Separately, Continue Reading
Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe, Iranian state media reported on Wednesday, quoting Energy Continue Reading
The U.S. military is bracing for a possible attack on American personnel and interests in Iraq, U.S. defense officials said, days before the first anniversary of an American drone strike Continue Reading
Iran has reduced exports of natural gas to its neighbor Iraq claiming the latter owed it more than $6 billion for supplies already made. The cuts were made two weeks Continue Reading
Alongside the continued development of its huge West Karoun oil fields , the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11 operations Continue Reading
Iraq is set to suffer from acute power shortages as Iran plans to cut its gas shipments to its neighbor due to outstanding payments, the electricity ministry said in a Continue Reading
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other Continue Reading
The Islamic Revolution Guards Corps (IRGC) of Iran unveiled this week the second oceangoing oil tanker it has helped to build, to show that the Islamic Republic has managed to Continue Reading
