Iran has seized 7,000 computers mining cryptocurrency in breach of a recent ban on the electricity-sapping activity, as the Islamic Republic continues to struggle with severe power shortage in the Continue Reading
A hardline victory in Iran’s presidential election has tilted the domestic balance of power towards the country’s anti-Western clergy and away from officials chosen by popular vote, a shift Tehran Continue Reading
Iranian President-elect Ebrahim Raisi said Monday that he opposes talks on limiting Tehran’s ballistic missile program and its support for regional proxy forces. Speaking in the Iranian capital at his Continue Reading
Differences narrowed but not easy to bridge, Iran says Iran says onus mainly on U.S. to clinch new agreement U.S. puts onus on Iran, ‘fair distance’ still to any deal Continue Reading
When Iranian diplomats resume talks with Western officials to revive a battered nuclear deal, one name will stand out on the list of individuals Tehran wants removed from the U.S. Continue Reading
National security adviser Jake Sullivan said Sunday that preventing Iran from obtaining a nuclear weapon remains a “paramount priority” for the United States, emphasizing that diplomacy “is the best way Continue Reading
Prime Minister Bennett made the comments at a cabinet meeting on Sunday Israel’s prime minister has called on the US and its allies to “wake up” to the threat of Continue Reading
EPA Natanz is heavily protected, with its most sensitive machinery housed deep underground The long-running and undeclared shadow war between two of the Middle East’s most implacable foes, Iran and Continue Reading
Hardline judge Ebrahim Raisi leads Iran’s presidential election, an interior ministry official said on Saturday, a day after millions of Iranians voted in a contest that critics boycotted over economic Continue Reading
Ultraconservative cleric Ebrahim Raisi swept to a landslide win in Iran’s presidential election, potentially setting the oil-rich country on a more hostile course toward the West as world powers attempt Continue Reading
Ebrahim Raisi, a conservative cleric and judiciary chief, has won Iran’s presidential election, in a landslide victory that will give regime hardliners full control over all branches of the state Continue Reading
Highlights June 18 presidential election to shape Iran’s oil sector Frontrunner Raisi’s camp says downstream may be priority Iran may look to China, Russia, with western IOCs sidelined Iranians will Continue Reading
Iranians voted on Friday in a presidential election likely to be won by a hardline judge subject to U.S. sanctions, though many are expected to ignore the ballot amid economic Continue Reading
Come presidential election time, the streets of central Tehran are usually wallpapered with the candidates’ names and faces, their banners swaying from buildings and streetlights. But this time around, the Continue Reading
The sole reformist candidate in Iran’s presidential election has vowed to try to resolve the stand-off with world powers over the nuclear deal “at first chance” if he is elected. In Continue Reading
Iran grappled with fears of low voter turnout two days ahead of its presidential election as the race narrowed on Wednesday into a showdown between the country’s hard-line judiciary chief Continue Reading
Shortly after Iran’s centrist president 1–lassan Rouhani was elected in 2013, the country’s football team qualified for the World Cup, a sign, many said, that the new leader had brought Continue Reading
The relationship between the two great indigenous powers in the Middle East – Saudi Arabia and Iran – has become significantly more nuanced in the past few weeks than the Continue Reading
Iran and the United States have made progress on virtually every issue under discussion in indirect meetings over the past two months. But as they began a sixth round of Continue Reading
The talks about bringing Iran and the United States back to the so-called Iranian nuclear deal will resume on Saturday with divergences remaining, in what would be the last attempt Continue Reading
Highlights Latest Republican bill aims to require congressional review Platts Analytics expects US sanctions relief by September Biden not bound by existing congressional review law In the latest attempt to Continue Reading
The Biden administration lifted sanctions on three former Iranian officials and several energy companies amid stalled nuclear negotiations, signaling Washington’s willingness to further ease economic pressure on Iran if the Continue Reading
Sequencing of JCPOA compliance remains complicated Platts Analytics sees US sanctions relief by September Iran oil output expected to return to capacity next year While oil traders appeared ready June Continue Reading
The Biden administration lifted sanctions on three former Iranian officials and several energy companies amid stalled nuclear negotiations, signaling Washington’s willingness to further ease economic pressure on Iran if the Continue Reading
Iran has plans in place to swiftly restore its crude oil production to pre-sanctions levels of nearly 3.4 million barrels per day (bpd), a senior Iranian industry official said on Continue Reading
Global oil markets have been on edge recently due to the continuing JCPOA discussions and the possibility of the U.S. rejoining the deal. While there have been no real breakthroughs Continue Reading
A top U.S. envoy appealed to Iran to accept a “mutual return” to a landmark nuclear agreement with world powers as diplomats are set to gather to negotiate a cap Continue Reading
Blaze at the state-owned Tondgooyan Petrochemical Co. south of Tehran, Iran, on June 3. Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Continue Reading
Russia’s Lukoil would be “happy” to return to talks on its Iranian oil projects, which were at an advanced stage, once US sanctions on the Middle Eastern country are lifted, Continue Reading
Highlights Deal may have to wait for Iran’s June 18 election Platts Analytics sees full US sanctions relief by Q3 The US State Department signaled June 3 that indirect talks Continue Reading
Iran is investigating a fire that sank one of its largest navy ships early Wednesday in the Gulf of Oman, according to Iranian state media, the latest blow to the country’s Continue Reading
A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Continue Reading
Owner: National Iranian Oil Refining & Distribution Co. and private owners Overall capacity: 250,000 b/d Notes: Operations are expected to resume June 3 at the Tehran refinery, according to oil Continue Reading
Iran and world powers have started what could be their final negotiations to revive a 2015 nuclear accord that limited the Islamic Republic’s atomic activities in return for sanctions relief. Continue Reading
Iran’s production of nuclear fuel plunged in recent weeks, the United Nations atomic agency reported on Monday, following alleged sabotage of its main nuclear facility in April that Tehran has blamed Continue Reading
Iran can boost its crude oil production to as much as 6.5 million barrels per day (bpd) when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister Continue Reading
Iran has started sending crude oil via the Goreh-Jask pipeline that passes by the Strait of Hormuz and ends at the port city of Jask in the Gulf of Oman, Continue Reading
The first Iranian oil shipment in years reached the U.S. shores in March, Reuters has reported , citing data from the Energy Information Administration. The data showed that more than Continue Reading
Iran presidential election on June 18 Zanganeh planning to leave office More oil could go to domestic refined output Iran could “easily” boost its oil production capacity to 6.5 million Continue Reading
According to senior political and economic sources who work closely with the current Iranian government exclusively spoken to by OilPrice.com last week, the U.S. has agreed to a tentative removal Continue Reading
Iran’s oil minister said the country should try to increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015 nuclear accord with Continue Reading
Iranian oil technicians work in the Azadegan oil field. Sign up for our Middle East newsletter and follow us @middleeast for news on the region. National Iranian Oil Co. will Continue Reading
Candidates in Iran’s presidential elections have always been strictly vetted, and those deemed insufficiently loyal to the Islamic Revolution were disqualified. Within those limits, contenders held differing views on easing Continue Reading
Bharat Petroleum Corporation Limited (BPCL), a state-controlled Indian refiner, could resume buying crude from Iran once U.S. sanctions are lifted, but it would only do so if the Islamic Republic Continue Reading
Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Even before the peak summer electricity demand season, Iran has Continue Reading
If the ongoing talks about the U.S. and Iran returning to the nuclear deal result in an agreement, it will be in August at the earliest that Iranian barrels will Continue Reading
Iran on Tuesday announced a list of mostly conservative or hard-line candidates for next month’s presidential election, after several moderate politicians were barred from running. Iran’s Guardian Council, which approves Continue Reading
Iran may have some 69 million barrels of oil in floating storage waiting on tankers to travel to buyers when U.S. sanctions on its crude oil exports are removed, estimates Continue Reading
The head of the UN’s nuclear watchdog has warned that Iran is enriching uranium at purity levels that “only countries making bombs are reaching”. Rafael Grossi, the director-general of the International Continue Reading
Around 32 million barrels of Iranian oil on water Floating oil volumes have more than doubled since January Iran laying the ground for an export revival Iran is starting to Continue Reading
