Friday 24 May 2013
 
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Sanctions

Iran ‘ready’ for nuke talks with world powers

Iran is prepared to pursue nuclear diplomacy with world powers before or after next month's presidential election in the Islamic Republic, its chief negotiator said on Thursday. Saeed Jalili, who is also a candidate in the pre

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Sanctions help stoke Iran property boom

The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs of a Tehran apartment block on his tablet computer. "I designed it myself," he said proudly as he blew a c

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Iran faces fresh trade heat as more shippers exit

Foreign container shipping lines are giving up on Iranian business ahead of new US sanctions in July, dealing a further blow to Tehran's vital seaborne trade. Iran's economy is already reeling from the effect of measures i

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Iran faces fresh trade heat as more shippers exit

Foreign container shipping lines are giving up on Iranian business ahead of new US sanctions in July, dealing a further blow to Tehran's vital seaborne trade. Iran's economy is already reeling from the effect of measures i

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Iran fuel sales soar to $600m despite sanctions

Iran exported nearly 8.7 million barrels of fuel oil in April, or about 300,000 barrels per day (bpd), an increase of more than five-fold from a year-ago, according to traders and data from Thomson Reuters Oil Analytics. The April

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Trade allies throw lifeline to Iran's steel sector

China, Russia and Kazakhstan are among the few trade allies still providing a lifeline to Iran's vital steel and iron ore sector after most Western suppliers and buyers have cut ties due to growing sanctions pressure, said experts.

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New Iran sanctions not needed, says UK’s Hague

The European Union should focus on implementing its current sanctions against Iran over Tehran's nuclear programme rather than imposing new measures for the moment, Britain's Foreign Secretary William Hague said on Monday.

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Sanction-hit Iran's GDP to grow again in 2014

Iran's economy should emerge from a recession caused by international sanctions over its disputed nuclear programme, but not until 2014, a year later than previously forecast, according to the IMF. The sanctions have hurt trad

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Iran's Q1 fuel oil exports ‘up 12pc over Q4’

Iran exported nearly 18 million barrels of fuel oil in the first quarter, or around 200,000 barrels per day, an increase of nearly 12.5 percent from the previous quarter, according to traders and data from Thomson Reuters Oil Analytics.

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Iran oil buyers will cut imports further: US

  The United States expects importers of Iranian crude oil to make further significant cuts in their purchases, a senior US official said on Wednesday, though she noted that there are seasonal fluctuations.  

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