Tag: Iran

• Wednesday, August 22nd 2018 - 08:49 UTC

  Oil price war to begin: Saudi Arabia and Iran reignites the market

  

  The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil.

• Tuesday, August 7th 2018 - 07:48 UTC

  US re-imposes first wave of sanctions on Iran; EU, China, Russia, India resist

  

  At midday on Tuesday, the first wave of U.S. sanctions suspended under the Iran nuclear deal will snap back into place, as the Trump administration tries to ramp up the economic pressure on Iran. But without partners in Europe, let alone buy-in from countries like Russia, China, and India, it's unclear how strong that pressure will be.

• Tuesday, July 31st 2018 - 07:31 UTC

  Trump ready to meet Iran leaders “anytime they want” and “no preconditions”

  

  United States president Donald Trump declared on Monday that he would meet Iran's leaders “anytime they want,” an invitation for face-to-face dialogue with a country he had appeared to threaten with war only days before and an affirmation of Trump's faith in his brand of personal diplomacy.

• Monday, July 2nd 2018 - 08:25 UTC

  Saudi Arabia prepared to help with Trump's request “to pump more oil”, but gives no specifics

  

  President Donald Trump said over the weekend that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no production targets.

• Wednesday, June 13th 2018 - 08:19 UTC

  Nike leaves Iran football national team without boots fearing US sanctions

  

  Sportswear giant Nike says it has withdrawn its supply of boots to Iranian footballers ahead of the World Cup because of new US sanctions. The decision has frustrated Iranian players and head coach Carlos Queiroz, who asked FIFA to “help” his players.

• Wednesday, May 30th 2018 - 08:35 UTC

  Shipping emissions the greatest challenge to oil price hikes

  

  The most prominent driver of oil prices over the next two years is not likely to come from OPEC, Iran or Venezuela, but rather in the shape of a shipping revolution, analysts have warned. New rules coming into force in approximately 18 months' time are seen as a source of great concern for some of the world's biggest oil producers.

• Tuesday, May 22nd 2018 - 06:51 UTC

  Pompeo threatens Iran with “strongest sanctions in history”; Teheran says US was regressing to “old habits”

  

  Secretary of State Mike Pompeo has said the US is imposing the “strongest sanctions in history” on Iran. In a speech on Monday in Washington, America's top diplomat said Iran would be “battling to keep its economy alive” after the sanctions took effect.

• Wednesday, May 9th 2018 - 08:39 UTC

  Despite Trump, Europe, Russia and China committed to the Iran nuclear deal

  

  Western powers, Russia and China remain committed to the Iran nuclear deal - after the US announced it was withdrawing from the agreement. The UK, France and Germany say they “will work with all remaining parties” and urged the US not to obstruct its implementation and the other signatories to the 2015 deal - Russia and China - have also stressed their continuing support.

• Wednesday, May 9th 2018 - 07:10 UTC

  Latin American (and global) currencies hit by strong dollar and Trump's policies

  

  The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.

• Tuesday, May 8th 2018 - 08:54 UTC

  NRA elects ex Reagan aide involved in the Iran-Contra scandal

  

  The influential US gun lobby the National Rifle Association (NRA) has elected a former aide to President Ronald Reagan as its new president. Oliver North, a retired US Marine Colonel, played a major role in the so-called Iran-Contra scandal.