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Trump gave India a temporary exemption from the embargo. which carried economic penalties for violations.
Read More »US Warns India Purchase of Venezuelan Oil
Oil Market Uncertainty could Lead to a Real Crunch
A flurry of intensifying risks could trigger an energy market ".crunch". over the coming months.
Read More »Iran`s Non-Oil Revenues Exceeds Oil Exports
Iran is annually earning some $23 billion from exporting petrochemical and mineral products.
Read More »Foreign Minister Condemns US for Destroying Region
US hostility has led it to support dictators. butchers &. extremists. who'.ve only brought ruin to our region.
Read More »Trump Says Military Intervention in Venezuela `An Option`
The Trump administration last week issued crippling sanctions on Venezuelan state-owned oil firm PDVSA.
Read More »Trump Uses Oil Sanctions to Force Maduro to Step Aside
Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
Read More »Iran Ready for Constructive Engagement with Europe
EU foreign policy chief Federica Mogherini has also welcomed the INSTEX.
Read More »Germany. France. UK to Set Up EU Channel for Transactions with Iran
The European transactions channel for Iran will be called INSTEX (Instrument in Support of Trade Exchanges).
Read More »Too Early to Assess Impact of U.S. Sanctions on Venezuela
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA.
Read More »Implementation of EU Trade Mechanism with Iran Imminent
Iran says it will remain in the nuclear deal as long as its economic interests are guaranteed.
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