West Texas Intermediate futures rose one per cent to $56.32 a barrel on the New York Mercantile Exchange. Brent crude.
Read More »Foreign Investors Eyeing Investment in Iran`s Chabahar
Foreign entities have shown interest in investing in Chabahar port in Southeastern Iran. and 11 investment agreements have been signed to be implemented by the end of this Persian year.
Read More »Twitter Takes Down Iranian Pages after British Tanker Seizure
Farsi-language accounts of 4 Iranian news outlets were suspended on Twitter. after they reported the seizure of a UK-flagged tanker in the Strait of Hormuz.
Read More »Oil Extends Gains as Iran`s Seizure of Tanker Keeps Tension High
Crude has been weighed down by concerns that demand is slowing. but the focus is now shifting back to supply and geopolitical risks.
Read More »Iran`s Tanker Seizure Arguments more Convincing than UK`s
Iran’s arguments are much more right than those of Gibraltar and London who are indulging in piracy.
Read More »Oil Pares Steep Weekly Loss as U.S. Says It Downed Iranian Drone
Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz. stoking concern crude flows from the Middle East may be disrupted.
Read More »Iran’s Rial Gains Significant Value against US Dollar
The Iranian national currency of rial is 118.000 against the US dollar which shows a relatively high regain of value compared to months of low that followed American introduction of crippling economic sanctions against Tehran.
Read More »Saudi Arabia Ends Illegal Red Light for Iranian Tanker
An Iranian oil tanker which was illegally held by Saudi Arabia for two months has reportedly been released. and is now on its way back home with its entire crew on board.
Read More »Persian Gulf Conflict could Impact Commodities Markets
India imports more than 80% of its oil and around two-thirds of that comes from the Middle East.
Read More »Iranian Ports Flourishing with Massive Private Sector Investment
Iran’s ports south and north of the country are drawing an unprecedented amount of investment from the private sector as authorities eye a jump in onshore manufacturing activities.
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