Oil Prices to Be 'Cheaper' if Trump Stops Tweeting, Iran Official Says
TEHRAN (Tasnim) – US President Donald Trump's tweeting habits are lifting oil prices, and he should stop posting on social media to alleviate the spike in prices, according to an Iranian official.
US Dream of Cutting Iran Oil Exports to Zero Not to Come True: Oil Minister
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh made assurances that the US administration can never drive the Islamic Republic’s crude exports down to zero.
Japan's Cosmo Oil Replaces Iran Oil with other Mideast Supplies: Report
TEHRAN (Tasnim) – Japanese refiner Cosmo Oil has replaced its Iranian crude oil imports with supplies from other Middle Eastern producers ahead of US sanctions on Iran in November, top company executives said.
Volvo Halts Iran Truck Assembly under US Pressure
TEHRAN (Tasnim) – Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because US sanctions are preventing it from being paid, a spokesman for the company said on Monday.
Faced with US Sanctions, Iran Urges WMF Support
TEHRAN (Tasnim) – Iran’s president urged the International Monetary Fund (IMF) to support Tehran in countering the “illegal US sanctions”.
Oil Prices Rise amid Fall in US Stockpiles, Supply Worries
TEHRAN (Tasnim) – Oil rose for a third day on Thursday amid another drawdown in US inventories and strong US gasoline demand, while signs OPEC may not raise output to address shrinking supplies from Iran also supported prices.
Iran Warns to Veto OPEC Decisions Harming Tehran’s Interests
TEHRAN (Tasnim) – The Iranian oil minister said it will veto any OPEC decision that harms the Islamic Republic and warned that some oil producers are trying to create an alternative suppliers’ forum that supports US policies hostile to Tehran.
Report: India Seeking to Pay in Rupees for Iranian Oil from Nov.
TEHRAN (Tasnim) – India may revert to paying Iran in rupees for the oil it buys from its third largest supplier as US sanctions will from November 4 block use of US dollars to settle such trades, a top Indian official said.
Germany Says after EU Independent Payment System to Save JCPOA
TEHRAN (Tasnim) – Germany and its European partners are considering setting up a payment system with Iran that allows the continuation of business transactions with the Islamic Republic once US sanctions kick in, an economy ministry spokeswoman said.
Official: Iran to Bypass Sanctions
TEHRAN (Tasnim) - Head of Iran's Plan and Budget Organization Mohammad Baqer Nobakht said on Saturday that the country has devised a “comprehensive plan” to counter the sanctions and is ready to skirt them.
Oil Market Taken 'Hostage' by S Arabia, Russia: Iran’s OPEC Governor
TEHRAN (Tasnim) – Iran’s OPEC governor said Saudi Arabia and Russia have taken the oil market “hostage” as US President Donald Trump seeks to impose fresh sanctions on Iranian oil sales.
IRGC Base Implementing 100 Construction Projects in NW Iran: Commander
TEHRAN (Tasnim) – The commander of Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), said the base has been implementing 100 construction projects in the country’s northwestern areas.
US Sanctions on Iran’s Oil Industry Unproductive: Russian Minister
TEHRAN (Tasnim) – US sanctions on Iran's oil industry are unproductive and there will be consequences to such a move, Russian Energy Minister Alexander Novak said.
Official Shrugs Off US Warning about Iran’s Airspace
TEHRAN (Tasnim) – An Iranian official dismissed a warning from the US to the airlines operating over Iran, saying the attempts by Western media to damage the image of Iran’s airspace would have no impact in practice.
Not Possible for US to Bring Iran’s Oil Export down to Zero: Ryabkov (+Video)
TEHRAN (Tasnim) - Russian Deputy Foreign Minister Sergei Ryabkov said he believes it is not possible for the “unrealistic” US to bring down Iran’s oil export to zero, as Washington is almost isolated internationally on this particular issue.
Iranian President Appoints Ex-CBI Chief as Banking Adviser
TEHRAN (Tasnim) – Iranian President Hassan Rouhani appointed the former governor of the Central Bank of Iran (CBI) as his new adviser in monetary and banking affairs.
US Studying Potential Iran Sanction Waivers: Pompeo
TEHRAN (Tasnim) – The United States is still studying possible waivers of sanctions against countries or businesses that continue commerce with Iran after November 4, Secretary of State Mike Pompeo said.
Iran Issues Tender to Buy 30,000 Tons Rice from India
TEHRAN (Tasnim) – Iran’s state grains buyer GTC (Government Trading Corporation of Iran) has issued an international tender to buy 30,000 tons of rice to be sourced from India, European traders said on Monday.
