Sunday, 24 March 2019

Tag Archives: Iranian oil

Iran says Japan has started process of importing Iranian oil

LONDON: Japan has started the process of importing Iranian oil, which was suspended due to U.S. sanctions, the governor of Iran’s central bank said. The resumption of oil imports comes after Tokyo was granted a waiver from U.S. sanctions that went into effect in November. Iran is the fourth-largest oil ...

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United States imposes ‘toughest ever’ sanctions on Iran

WASHINGTON DC: The United States is reimposing punitive measures targeting the Iranian oil and financial sectors in what US Secretary of State Mike Pompeo called “the toughest sanctions ever placed” against Iran. Taking effect Monday, the measures are the most concrete result yet of US President Donald Trump’s controversial decision in ...

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Iran sells oil on exchange in bid to counter US sanctions

TEHRAN: Iran sold oil to private buyers through its energy exchange for the first time on Sunday, as part of its efforts to counter the imminent return of US sanctions. Only 280,000 barrels were sold out of one million offered, and went for $74.85 per barrel, more than $4 below ...

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India cuts Iranian oil imports ahead of US sanctions

NEW DELHI: Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November. India’s monthly oil imports from Iran declined to 592,800 barrels per day (bpd) ...

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US aims to reduce Iran’s oil revenue to zero

The US State Department has spelled out a campaign of “maximum economic and diplomatic pressure” to drive Iran towards negotiating a “better” deal to replace the Iran nuclear deal. State Department Director of Policy Planning Brian Hook told reporters on Monday that Iran is not a “normal” country and must ...

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Nikki Haley tells Modi to cut Iranian oil use

US Ambassador to the United Nations Nikki Haley told India’s Prime Minister Narendra Modi it was important India cut Iranian oil use, but said the United States would work to allow India to use an Iranian port as corridor to Afghanistan. “Sanctions are coming (on Iran) and we’re going forward ...

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