Tag Archives: Sanctions

The US decision on Monday more than failing to snuff out Iran’s oil exports will disrupt markets and complicate Washington’s relations with Beijing and even its own partners. industry analysts say.

France reports progress in efforts towards the implementation of a direct payment mechanism. which the European country has launched alongside Britain and Germany to safeguard trade with Iran in the face of US sanctions.

Japan and South Korea are heavily dependent on foreign oil. specially from Iran.

Last year. the United States withdrew from the 2015 Iran nuclear deal and reinstated wide-ranging sanctions on Tehran.

Condensate accounts for a majority of the crude oil from Iran.

The bank still expects declining prices into 2020 due to better supplied markets next year.

South Korea is a major buyer of Iranian condensate.

The United States wants all countries to eventually cut their oil imports from Iran to zero.

Recent heavy rains and a deluge of floods got Iranians by surprise but they highlighted the importance of dams which had become the target of scathing criticism in the face of a lingering drought backlash.

Japan says it relies on crude imports from Iran and seeks to hold talks with the United States about the matter to keep its energy supply steady. amid ongoing attempts by Washington to curtail Iran’s oil sales.