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India to Pay for Iran Oil in Rupee
Indian refiners will pay for oil from Iran in rupee, using UCO Bank and IDBI Bank, from November 4 when petroleum-related sanctions against Iran take effect, Indian media reported on Thursday.
New Delhi Ready to Deal with US Sanctions against Iran
Senior advisor to Indian government's Ministry of Economy says New Delhi is ready to deal with any outcome of US sanctions against Iran and have anticipated necessary measures and preparations for any scenario.
Europe Firms Hit Hard by US Sanctions on Iran
US unilateral sanction, especially the ones to be imposed on the countries oil industry, will be very harmful to the economy of Europe, wrote the Bloomberg on Sunday.
Iran LPG Exports Soar; Saudi Official Spurns US Bid
Iran’s LPG exports rise to the highest levels since 2016 as a senior Saudi official admits that US sanctions are unlikely to completely stop Iranian shipments.
Unhappy with Iran Bans, UK Trying to Maintain Trade
Britain is reportedly trying to maintain trade with Iran in face of returning US sanctions and is even seeking tips from Japan on how to dodge US bans without being implicated.
China Using Iranian Ships to Avoid US Oil Sanctions
China has reportedly started to use Iranian ships to transport crude oil to its refineries to avoid the impacts of US sanctions against the Islamic Republic.
Iran Looking for Solutions to Sell Oil under US Bans
Iran's First Vice President Es’haq Jahangiri says Tehran is looking for solutions to continue selling its crude oil after the United States re-imposed its sanctions on the country’s energy sector in early November.
Iran Says No OPEC Member Can Seize its Market Share
Iran has called on the Organization of the Petroleum Exporting Countries (OPEC) to prevent efforts by certain member states to take over its share of the oil market in what is seen as a reference to speculations that Saudi Arabia would pump more oil to fill Iran’s gap once US sanctions against the Islamic Republic take effect.
Pak Daily Urges govt to take Advantage of Iran Oil Offer
A leading Pakistani newspaper has urged the government to take advantage of Iran's offer to sell its oil at discounted rates to its Asian customers.
US Ready to Sanction China for Buying Iran's Oil
The United States says it is prepared to impose sanctions on all countries that continue to buy Iran's oil -- including China -- after Washington starts restoring bans on the Islamic Republic’s energy sector.
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