US Imposes New Sanctions on Iranian Banks, Firms
TEHRAN (Tasnim) – The United States imposed fresh sanctions on a number of Iranian banks and financial institutions as well as companies two weeks before the Trump administration reimposes a new round of sanctions against Tehran.
India’s MRPL Says to Get Waiver from US Sanctions on Iran Soon
TEHRAN (Tasnim) – India's Mangalore Refinery and Petrochemicals Ltd (MRPL) expects India to get a waiver from US sanctions on Iranian oil exports this month, a company official said Tuesday.
Oil Prices Rise on Signs Iranian Oil Exports Falling Further in Oct.: Report
TEHRAN (Tasnim) – Oil prices rose on Tuesday on signs Iranian oil exports this month have fallen from September ahead of US sanctions against Tehran that are set to start in November.
Iran, Russia Pledge Joint Efforts to Stabilize Global Oil Market
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Zangeneh and Russian Energy Minister Alexander Novak discussed potential further regulations in oil production under the deal reached between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, a report said.
Iran’s Intelligence Forces Smash Several Fuel-Smuggling Gangs
TEHRAN (Tasnim) – The Iranian intelligence forces have managed to disband several bands involved in smuggling various kinds of fuels.
Saudi Arabia Cannot Replace Lost Iranian Oil: VP
TEHRAN (Tasnim) – Iranian First Vice-President Es’haq Jahangiri highlighted the reasons behind the recent surge in oil prices and said US President Donald Trump wrongly thought that the Saudis were able to replace the reduced share of the Islamic Republic in global oil markets.
Legal Status of EU Payment Mechanism for Trade with Iran Still Unclear: Report
TEHRAN (Tasnim) – EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal, but the EU payment system is still unclear, a report said.
US Exports to Iran Quadruple after Sanctions Re-Imposed
TEHRAN (Tasnim) – The total value of US exports to Iran during August, when Washington re-imposed anti-Tehran sanctions, increased four times compared to a month earlier and the same period in 2017, according to the latest data released by the US Census Bureau.
Cleric Urges Heads of Iran’s Branches of Power to Resolve Economic Problems
TEHRAN (Tasnim) – Tehran's Provisional Friday Prayers Leader Ayatollah Mohammad Emami Kashani called on the heads of three branches of power to take serious measures to resolve economic problems facing the people following recent price hikes.
Iran’s Oil Exports to South Korea Not to Be Cut to Zero: Official
TEHRAN (Tasnim) – A member of Iran and South Korea Chamber of Commerce described the East Asian country as one the biggest importers of the Iranian crude and said oil sales to South Korea will not go down to zero.
India’s Iranian Oil Imports up in September: Report
TEHRAN (Tasnim) – India imported 528,000 bpd of Iranian oil in September, up by 1 percent from August, due to delays of some August cargoes until Indian refiners received the government nod to import Iran’s oil on Iranian tankers with Iranian insurance, a report said.
Leader: Iran’s Economic Woes Need Serious Decisions
TEHRAN (Tasnim) – Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei called for resolute and practical decisions to rise to major economic challenges in Iran, including banking problems and inflation.
BP Chief Predicts Extreme Volatility in Oil Market due to Iran Sanctions
TEHRAN (Tasnim) – With oil market players closely watching what happens when US sanctions on Iran's oil industry come into force on November 4, BP's chief executive predicted "extreme volatility" for oil prices as a result of the sanctions.
US Grants BP, Serica License to Run Iran-Owned North Sea Field
TEHRAN (Tasnim) – The United States has granted BP and Serica Energy a new license to run a North Sea gas field partly owned by Iran in a rare exemption by US President Donald Trump’s administration as it prepares to renew sanctions on Tehran next month.
Qatar Airways Commits to Iran Flights despite US Sanctions
TEHRAN (Tasnim) – US sanctions on Iran will not impact Qatar Airways’ flights to the Islamic Republic, the airline’s boss Akbar al-Baker said.
Indian Minister Says New Delhi to Buy Iran Oil in Sanctions Era
TEHRAN (Tasnim) – Indian Oil Minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.
S Arabia Not Able to Replace Iran oil: Zangeneh
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Zangeneh rejected claims by Saudi officials that Riyadh can replace Iranian oil in the global market.
Oil Drops as US Considers Granting Countries Waivers on Iran Sanctions
TEHRAN (Tasnim) – Oil prices fell on Monday after Washington said it may grant waivers to sanctions against Iran's oil exports next month.
