A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable.
The latest twist to the saga of
India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to US pressure to keep its shipments from Tehran within sanction limits during the last month of negotiations on a preliminary nuclear d
Iran wants all parties in Yemen to return to talks, Tehran's deputy foreign minister Hossein Amir Abdollahian said on Tuesday, adding the Islamic Republic and Saudi Arabia could work together to solve the conflict there.
Oil and gas operators planning to re-enter the Iranian market could face months of delay even if sanctions are lifted this month, according to energy experts at international law firm Pinsent Masons.
The so-called P5+1 count
Iran and six world powers ramped up the pace of negotiations on Tuesday ahead of a deadline for a preliminary nuclear deal that was less than 24 hours away, as both sides warned it was crucial to overcome differences that could wreck an agreemen
Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.
The two sides tried to break
Saudi Arabia is focussing on using air strikes to combat Iranian-allied Houthi fighters in Yemen, and has not contemplated sending in ground troops, the country's ambassador to the US told NBC on Sunday morning.
Iran and six major powers were exploring possible compromises to break an impasse in nuclear negotiations on Sunday, but officials cautioned they were unable to move on several sticking points.
The news came as Israel said the det
Iran, the largest steelmaker in the Middle East and North Africa, plans to quadruple steel production to 55 million tonnes a year by 2025, a report said.
Steel output by Iran totalled 16.33 million tonnes in 2014, securing the cou
The foreign ministers of France and Germany joined the top US and Iranian diplomats on Saturday to help break an impasse in nuclear negotiations as major powers and Iran closed in on a two- or three-page accord that could form the basis of a lon