Oil revenue in the Islamic Republic may have fallen by nearly one third, or $35 billion, on the back of a slowdown in exports and declining prices. With U.S. sanctions set to tighten and China's apparent readiness to go along, Tehran's budget could be thrown deep into the red, says Una Galani
June 13, 2012 5:47
Powers want Tehran to cease higher-grade enrichment; Iran moving sensitive activity to underground site; Diplomats say more centrifuges installed at Fordow
May 24, 2012 2:21
Oil prices fell on Monday, snapping four days of gains as worries over supplies from the Middle East eased and investors focused on the health of the global economy and fuel demand.
March 12, 2012 2:04
Thirty-two people suspected of involvement in a multi-billion dollar banking fraud with alleged links to the government of Iranian president, Mahmoud Ahmadinejad, have gone on trial in Tehran, the Iranian state news agency reported.
February 19, 2012 10:12