ENERGY SHOCK: A time bomb is ticking
Iran’s nuclear ambitions and Europe’s economic turmoil could place the world’s energy market in a state of chaos.
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Iran’s nuclear ambitions and Europe’s economic turmoil could place the world’s energy market in a state of chaos.
July 17, 2012 11:30Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said on Saturday, as tensions simmer over Tehran's nuclear programme.
July 14, 2012 8:51U.S. President Barack Obama to enforce sanctions on countries that do oil deals with Iran's central bank -Washington is revving up efforts to tighten the squeeze on Tehran.
June 27, 2012 9:56Iran's Bank Parsian has stopped issuing payment guarantees for Iranian importers who buy Indian goods, because its account that was set up to skirt Western sanctions does not have the necessary funds in rupees.
June 12, 2012 5:43