Tag Archives: Persian Gulf

Crude oil futures were lower as global economic outlook dimmed over an escalation in US-China trade tensions.

The Islamic Revolution Guards Corps (IRGC) Navy announced that it has impounded a foreign vessel near the Farsi Island in the Persian Gulf for smuggling 700.000 liters of fuel from Iran.

A legal battle over the quality and price of gas imported by Iran from Turkmenistan continues at the International Court of Arbitration (ICA). the National Iranian Gas Company (NIGC) said.

The expert expects the Persian Gulf tensions to persist within a year and a half.

Chief Executive of Persian Gulf Star Refinery (PGSR) Mohammad Ali Dadvar on Sat. said that the first gasoline produced in the Persian Gulf Star Refinery was exported overseas.

Iran is ready to sign non-aggression pacts with the Persian Gulf Arab states.

Iran is ready for increasing the volume of bilateral trade with Turkey.

OPEC reduced output at the start of this year as part of an agreement with other producers.

The joint exercises would take place in the next few months.

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht stressed failure of enemies in leaving a major impact on Iran'.s economy by imposing the toughest-ever sanctions.