Register for our free newsletter
Reid to ask for 'unanimous consent' on sanctions; Would put more pressure on Iran's oil sector; Comes ahead of Iran's May 23 meeting with world powers; "Iran must either willfully commit to terminating its nuclear program or we will force their hand through crippling sanctions," said Democratic Senator Robert Menendez.
May 17, 2012 9:06
Japan's Bank of Tokyo-Mitsubishi UFJ said on Thursday it has frozen transactions with Iranian banks after it was ordered to do so by the New York District Court in early May.
May 17, 2012 9:00
An Abu Dhabi-based edible oils firm said on Tuesday its Iranian client had stopped making orders due to liquidity issues, highlighting the slowdown in trade as Western sanctions squeeze financing for Iranian companies.
April 25, 2012 10:21
Foreign trade rises to record $300 billion; Customs forecast 20 percent growth in 2012; Direct re-exports to Iran hit, but still up 29 percent in 2011
April 19, 2012 9:25
IEA sees oil market supply fundamentals easing; Saudi Arabia says it is pumping 10 million bpd; U.S. crude stocks up 2.79 mln bbls; distillate, gasoline falls; Iran to offer new proposals at this weekend's nuclear talks
April 12, 2012 3:20
Brazilian President Dilma Rousseff expressed concerns to U.S. President Barack Obama on Monday that sanctions against Iran could increase tensions in the Middle East and cause a sharp rise in oil prices, sources told Reuters.
April 10, 2012 9:47
Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and US financial sanctions now make it almost impossible to process payments, industry sources said.
March 26, 2012 4:17
Western sanctions have so far failed to deter Iran from pursuing its nuclear programme and their unexpected and unintended side-effects are producing a new collection of challenges.
March 24, 2012 3:58
Eni, Italy's biggest oil and gas group, is still owed over $1 billion worth of oil by Iran and has a special exemption enabling it to continue receiving that crude despite an EU embargo on Iranian oil, its chief executive said.
March 24, 2012 3:35
Malaysian state oil firm Petronas will halt all imports of Iranian crude from April, two months before a US embargo takes effect, joining a growing list of buyers bowing to Western pressure to isolate Iran.
March 24, 2012 3:30
The BBC has suffered a sophisticated cyber-attack following a campaign by Iranian authorities against its Persian service, director-general Mark Thompson said on Wednesday.
March 14, 2012 1:56
Top oil exporter Saudi Arabia stands ready to fill any oil supply gap - "perceived or real" - as oil prices rally on fears of a potential loss of Iranian output.
March 14, 2012 1:33
Azerbaijan will not allow other countries to use its territory to launch an attack on neighbouring Iran, Iranian media reported Azerbaijan's Defence Minister Safar Abiyev as saying on Monday.
March 13, 2012 2:21
The UN nuclear watchdog does not rule out that Iran may be trying to clean up a military site inspectors want to visit as part of an investigation into possible Iranian research relevant to atomic bombs, the agency's chief said on Friday.
March 10, 2012 4:48
The US Federal Bureau of Investigation on Tuesday offered a rare $1 million reward for information leading to the safe return of former agent Robert Levinson, who vanished in Iran in 2007 and is believed to be held hostage in the area.
March 7, 2012 1:35
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
