Economic Crisis Looms In Iran As Sanctions Bite
Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving black market for U.S. dollars as the rial continues Continue Reading
Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving black market for U.S. dollars as the rial continues Continue Reading
Iraq is waiting in the wings, ready to increase its crude oil exports in anticipation of slipping Iranian oil exports waiting only on the go-ahead from OPEC, acting director-general of Continue Reading
India will “definitely” not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the U.S. sanctions on Continue Reading
Japan remains firmly committed to seeking US exemption for Iranian oil imports as it sees the supplies as important for the country’s energy security and businesses, a top government official Continue Reading
It’s easier to bury uncomfortable facts than to confront them. So this September 11, the ceremonies marking the 2001 attacks on New York and Washington, D.C., will simply honor the Continue Reading
Iran’s crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017, well ahead of the Nov. 4 start Continue Reading
Many experts had expected oil shipments to decline by about 1 million barrels by year’s end. Now some of them say that fall may have already happened. Iran hasn’t yet Continue Reading
Iranian lawmakers on Tuesday were not convinced by most of the answers given by President Hassan Rouhani to their questions about his administration’s performance over current hardship in the country’s Continue Reading
Russian Deputy Foreign Minister Mikhail Bogdanov said on Friday that Vladimir Putin is preparing to visit Saudi Arabia. The statement comes after the Russian president received an invitation from Saudi Continue Reading
Less than a year after Saudi Arabia’s unprecedented monetary shakedown of wealthy princes and other Saudi oligarchs in November 2017, which among others ensnared Prince Alwaleed bin Talal who was Continue Reading