The new sanctions will deliver an unmistakable message to Tehran: Change your ways or suffer the consequences. The Obama administration’s deal with Iran failed to curb Tehran’s egregious misconduct and Continue Reading
The United States has decided to issue temporary allotments to China, India, Italy, Greece, Japan, South Korea, Taiwan, and Turkey to continue importing Iranian oil, due to the specific countries’ Continue Reading
Iran posted higher-than-expected oil shipments in October signaling its last hurrah before US sanctions come into effect this week, underscoring the looming supply risk and the importance of exemptions to Continue Reading
Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would re-impose sanctions on Tehran, but with waivers in hand the Islamic republic’s major buyers Continue Reading
Iran has been able to sell as much oil as it needs despite U.S. pressure, Iranian Vice President Eshaq Jahangiri was quoted as saying on Tuesday. Iranian Vice President Eshaq Continue Reading
A U.S. waiver to sanctions on Iran allows China to buy 360,000 barrels per day (bpd) of oil from the Islamic Republic for 180 days, two sources familiar with the Continue Reading
“Unfair sanctions are against the law, U.N. resolutions and international accords. Therefore, we will proudly break the sanctions,” Mr. Rouhani said. “It’s not going to work out only through words,” Continue Reading
Iraq ended its trucked crude to Iran nearly a month ago, multiple Iraqi oil officials told S&P Global Platts, likely leading to Washington turning its cheek to ongoing gas and Continue Reading
Turkey will not allow other countries to drill for gas in Turkish or northern Cyprus waters in the eastern Mediterranean, Turkey’s President Recep Tayyip Erdogan warned on Sunday, as both Continue Reading
King Salman of Saudi Arabia will on Tuesday embark on his first domestic tour since ascending to the throne, as Riyadh moved to contain the fallout from the killing of Continue Reading
