Tag Archives: Sanctions

To resolve the stand-off. Iran is considering sending fuel to the stranded ships.

The Islamic Republic of Iran will continue exporting oil under any circumstances.

Shipping insurance has climbed following multiple rounds of seizures and tanker attacks earlier this year.

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.

The global hunt on large technology firms continues. with now another country. Spain. seeking to force the companies to pay more in the markets where they operate.

China’s foreign ministry strongly opposes U.S. sanctions on a Chinese energy firm for allegedly violating restrictions imposed on Iran’s oil sector.

Greece’s foreign minister said his country could work together with Turkey to exploit natural resources while urging Ankara to settle its dispute with the European Union over offshore drilling in the Mediterranean.

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.

French car makers Renault and Peugeot have posted a slump in first-half vehicle sales. mainly because of their withdrawal from Iran under threat of US sanctions.

A senior official from Iran’s Ministry of Oil says the country is currently holding abundant stocks of fuel despite US sanction that have affected the oil industry.