Three-month records of non-oil exports from Iran’s Southeastern port city of Chabahar show a 100 percent year-on-year increase in a 90-day period between March 21 and June 21. 2019.
Read More »No Reroute from Persian Gulf after Iran`s Downing of US Spy Drone
Kuwaiti officials announced on Sunday that the country'.s airlines have not rerouted from the Persian Gulf after the Iranian Armed Forces shot down an intruder US spy plane.
Read More »US Sanctions Ineffective on Iran’s Joint Economic Commissions with 70 Countries
Tehran has formed joint economic commissions with more than 70 countries. Deputy Foreign Minister for Economic Diplomacy Qolamreza Ansari said.
Read More »US Tech Giants Are Losing Billions. Quietly Lobby to Ease Huawei Ban
Highly concerned over an imminent loss of billions of dollars in trade with Huawei. Silicon Valley giants have been quietly lobbying the administration of US President Donald Trump to ease its ban on sales of components to the Chinese tech firm.
Read More »Russia Squeezing Embattled Venezuela for Tax-Free Gas Expansion
Russia’s state-controlled oil giant. Rosneft PJSC. is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap. a potential headache for the U.S. and Europe.
Read More »Iran’s Airspace Safe for Flights
Head of Iran Civil Aviation Organization announced that Iran’s airspace is safe for all flights. adding that all flights are underway normally.
Read More »Security Situation in Middle East Threatened Exxon’s Iraqi Oil Deal
The deal will involve the development of two oil fields in southern Iraq.
Read More »Oil Heads for Weekly Rise as US-Iran Tensions Worsen
Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.
Read More »Oil Prices Jump 5% on US-Iran Tensions
Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.
Read More »Europe Required to Buy Iran’s Crude
Europe is duty-bound to purchase Iranian crude to keep the nuclear deal alive. reminding that the European'.s offered INSTEX mechanism requires financing that should happen through crude revenues.
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