Tag Archives: Persian Gulf

The oil market is caught in a bind and does not know which way to go or trend.

China and India now account for about a fifth of global strategic reserves.

An Iranian lawmaker says Saudi Arabia'.s persistence in the continued seizure of an Iranian oil tanker is stirring tensions in the region.

Officials from Iran. Iraq and Syria signed an agreement to further increase the joint projects of the trio for developing trilateral transportation infrastructures.

Iran has condemned the move as ``maritime piracy`` and summoned Britain’s ambassador in protest.

The airlines that had rerouted their flights to keep away from Iranian skies after a NOTAM (notice to airmen) issued by the US are now returning to their conventional routes through Iran’s airspace as they are safer and more economical.

Iranian officials announced that the construction of the 32-kilometer railway connecting the city of Shalamcheh in Southwestern Iran to Basra in Southern Iraq will kick off in the next few months.

Director General of Iran Air Touraj Zangeneh said that his company has achieved self-sufficiency in repairing and maintaining its fleet. despite the US unilateral sanctions.

Iranian Minister of Petroleum Bijan Zangeneh said he had no problem with output cut. slamming unilateralism as the biggest problem in the Organization of the Petroleum Exporting Countries (OPEC).

Iran has witnessed an increase by 19.130 tons in its exports from the Southwestern port city of Abadan in the last 3 months. which means a year-on-year growth by 107%.