Iran sanctions

Iran sanctions News

US discusses Iran sanctions with Iraq, Baghdad hurt by curbs on Iranian gas imports

Washington gave Iraq a 45-day waiver over imports of Iranian gas when it reimposed sanctions on Iran's oil sector on Nov. 5. Iraqi officials have said they need around two years to wean themselves off Iranian gas imports and find an alternative source.

US accuses Huawei CFO of Iran sanctions cover-up; hearing adjourned to Monday

The case against Meng Wanzhou stems from a 2013 Reuters report about the company's close ties to Hong Kong-based Skycom Tech Co Ltd, which attempted to sell US equipment to Iran despite US and European Union bans.

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Oil edges higher after Russia indicates larger output cut

A Russian Energy Ministry source said Moscow was ready to contribute a cut of around 200,000 bpd, which is more than the 150,000 bpd sources previously said it would contribute.

US sanctions against Iran come into force, India among eight countries allowed to buy oil

While US Secretary of State Mike Pompeo called it "the toughest sanctions ever put in place on Iran", Iran's President Hassan Rouhani said the Islamic republic "will proudly bypass sanctions".

US considering 'significant reduction exceptions' for nations to cut oil purchase from Iran

India, which is the second biggest purchaser of Iranian oil after China, is willing to restrict its monthly purchase to 1.25 million tonnes or 15 million tonnes in a year, down from 22.6 million tonnes bought in 2017-18 financial year, sources in New Delhi said.

Iran oil: India says engaged with all stakeholders

Asked about reports that the US was going to grant India waiver from the Iran sanctions, Ministry of External Affairs’ official spokesperson Raveesh Kumar said the government has not heard anything from Washington.

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Tomato squeeze: US sanctions begin to distort Iran's economy

While Iran makes its own paste from an abundant crop of locally grown tomatoes, sanctions reimposed by US President Donald Trump since August have played havoc with supply.

US: Exploring alternative oil supplies to ensure 'our friend India's economy' not adversely affected

The US has made it clear that any country that continues to do business with Iran will be blocked from accessing the American banking and financial system.

Prepared to take strongest action against countries not complying with Iran sanctions, says Trump official

The US has told India and other countries to cut oil imports from Iran to "zero" by November 4 or face sanctions, making it clear that there would be no waivers to anyone.

Iran says it has full control of Persian Gulf and US navy does not belong there

Iran's Supreme Leader Ayatollah Ali Khamenei, the most senior authority in the Islamic Republic, said last month that he supports the idea that if Iran is not allowed to export oil then no country should export oil from the Gulf.

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