Iran Claims Fuel Seized By U.S. Was Not Iranian…. But It Was
Iran insists that the fuel on the four tankers the United States seized in the Caribbean en route to Venezuela last week was no longer property of Iran when seized, Continue Reading
Baghdad-Erbil revenue deal back on track
Iraq’s federal government and semi-autonomous Kurdistan Regional Government have agreed on a revenue-sharing deal, ending more than three months of deadlock and opening the way for Baghdad to restart vital Continue Reading
Iran signs contracts to expand oil production capacity by 180,000 b/d
Iran’s state-run companies have signed 13 contracts with local contractors that aim to raise oil production by over 180,000 b/d, as part of the country’s policy to be in a Continue Reading
Tehran Says Targeted Tankers Held Iranian Fuel
Four tankers whose cargoes were seized by the U.S. over the past month were heading to Venezuela with gasoline loaded in Iran, according to Iranian Oil Minister Bijan Namdar Zanganeh. His Continue Reading
Chevron Pursues Exploration Deal in Iraq
On the sidelines of the visit, U.S. and Iraqi officials also intend to unveil progress toward finalizing natural-gas and power-technology deals with Honeywell International Inc., HON -0.95% General Electric Co., Continue Reading
Saudi Arabia’s Inflation Surges in July After VAT Increase
Saudi Arabia’s inflation quickened at the fastest pace since at least 2012 after the kingdom tripled its value-added tax. Consumer prices rose an annual 6.1% in July from 0.5% in June, Continue Reading
Lebanon needs two-week lockdown after ‘shocking’ COVID-19 rise, minister says
Lebanon must shut down for two weeks after a surge in coronavirus infections, the caretaker health minister said on Monday, as the country reels from the massive Beirut port blast. Continue Reading
Bahrain Seen Needing More Gulf Aid as It’s Downgraded by Fitch
Bahrain received its first downgrade in over two years from Fitch Ratings, which said it will likely “require further Gulf backing” in the medium term as the government’s finances remain Continue Reading
Turkey draws another EU rebuke for latest plans at sea
Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drill ship would extend operations in disputed Mediterranean waters off Cyprus until mid-September. Yavuz Continue Reading
U.S. says it seized four Iranian fuel shipments en route to Venezuela
The United States said on Friday it had confiscated four Iranian fuel shipments that had been bound for Venezuela, disrupting a key supply line for both Tehran and Caracas as Continue Reading