Iran is using a little-known port off the East Malaysia coast to hide millions of barrels of oil from Western sanctions, according to shipping data, industry sources and officials.
September 13, 2012 11:11
European Union states are putting together a new set of sanctions to increase pressure on Iran to give up its controversial nuclear activity, British Foreign Secretary William Hague told Reuters on Tuesday.
September 12, 2012 11:44
Iran's central bank has for weeks failed to provide U.S. dollars to traders to import essential goods, driving down the value of the country's currency against the dollar, a senior Iranian lawmaker said on Monday.
September 10, 2012 5:52
Iran has raised its official selling prices (OSPs) for October-loading Iranian Heavy crude to Asia by 9 cents a barrel from September to Oman/Dubai minus 30 cents, an industry source with direct knowledge of the matter said on Monday.
September 10, 2012 10:00