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Iran sanctions

Sanctions pushing Iranian economy into recession

Iranian businessman denies EU accusations

Neither his Malaysia-based First Islamic Bank nor his more than 60 other companies had done anything wrong, he said.

December 24, 2012 10:20
Sanctions pushing Iranian economy into recession

Iran being pushed into recession

The Iranian government has started consolidating public spending to offset a fall in revenues.

December 11, 2012 9:20
09 iran sanctions

US Senate works on new package of sanctions

New sanctions aimed at reducing global trade with Iran in the energy, shipping and metals sectors may soon be considered…

November 28, 2012 2:11
Oil field in the ocean

Iran wants more oil storage in Gulf

Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response…

November 26, 2012 12:04
Tehran, Iran on the Map

No ‘serious dent’ from sanctions – Iran Central Bank

"We can't say that sanctions did not damage us. They did, but we thrashed out plans to control the damage and were able to avoid a serious dent to our economy," the central bank chief said in a rare interview.

November 22, 2012 9:09
New york Regulator Standard Chartered

Standard Chartered joins the ranks of the ‘rogue and disgraced’

Barclays, Credit Suisse Group, ING and Lloyds have settled their fines after conclusive investigations but it did not end there for foreign banks. Standard Chartered could have its state license stripped by U.S. regulators for hiding illegal dealings with Iran

August 7, 2012 9:39
Iranian Oil Minister Rostam Qasemi

Iran keeps Hormuz open as long as it serves its interests

Experts say that a heavy Western naval presence in the Gulf and surrounding area is a big impediment to any attempt to block the waterway

July 31, 2012 10:03
US indictment

U.S. indicts Iranian, Chinese for nuclear export plot

Suspects sought 'everything you need' for centrifuges; Iranian suspect arrested in May in the Philippines; Hong Kong, China seen as conduits to evade Iran sanctions; No evidence Chinese government was aware of transactions

July 14, 2012 8:48
Shell CEO Peter Voser

Oil prices to ease further this year – Shell CEO

Oil price to weaken in H2 with demand, easing political tensions; Recovery in demand, prices seen in 2013; Enough oil supply to deal with impact of Iran sanctions

June 5, 2012 11:41
Iran To Pay Rupee For India Imports In “Two Weeks”-Export Body Chief

Iran To Pay Rupee For India Imports In “Two Weeks”-Export Body Chief

"The government has told us the mechanism for payment in rupee (to Indian exporters) will be in place in two weeks' time," Ahmed, president of the Federation of Indian Export Organisations, told Reuters in an interview.

February 18, 2012 12:46