Will ask Iran to deliver the crude, cover insurance risk; Chinese, Indian buyers have also asked Iran to deliver; Korean deal almost reached, government source says; First cargo could arrive end September or early October; Asia's big-four buyers take over half of Iran's exports
August 8, 2012 4:22
China expected to load about 16 mln barrels of Iranian oil in Aug; Monthly volumes seen largely steady for rest of year; China in freight talks with Iran tanker firm as vessel costs vary
August 7, 2012 3:37
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
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