The two sides met on Friday on the sidelines of the 19th Summit of Shanghai Cooperation Organization (SCO) in Bishkek. the capital of Kyrgyzstan.
Read More »Japan’s Economy Hurt by US’ Unilateral Sanctions
Senior Iranian lawmaker Ali Motahari said that Washington’s unilateral sanctions have been detrimental even to US’ allies like Japan whose economy has always been dependent on crude imports from Iran.
Read More »UN Chief Urges Investigation into Gulf of Oman Attacks
UN Chief urged Friday an independent probe to investigate recent attacks on two oil tankers in the Gulf of Oman.
Read More »Persian Gulf on Edge as Conflicting Accounts of Tanker Attacks Swirl
The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation.
Read More »The Outlook for Oil Demand Growth in 2019 Dims over Global Economy Worries
World oil demand will rise by 1.14 million barrels per day (bpd) this year.
Read More »U.S. Blames Iran for Oil Tanker Attacks as Gulf Tensions Climb
The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.
Read More »US Ban on Iran’s Pet-Chem Exports Ineffective
CEO of Iran’s National Petrochemical Company Behzad Mohammadi reiterated that Washington’s unilateral sanctions on the country’s largest and most profitable petrochemical group are hardly to have an impact.
Read More »Mnuchin Confirms Trump Could Use Security Threat Huawei as Bargaining Chip in Trade War
US Treasury Secretary Steven Mnuchin admitted that while Chinese telecom giant Huawei remains a supposedly dangerous national security issue – except when it can be used to wring a better deal out of China.
Read More »The 2020 Oil Market is Quickly Turning Ugly
Oil bulls thought 2020 would be their year.
Read More »Iran Urges Europe to Normalize Economic Ties with It or Face Consequences
Iran insists its nuclear activities are entirely peaceful. and has repeatedly refused to discuss its missile program.
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