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Oil price war is reignited

Oil price war is reignited

Tsvetana AParaskova writes in Oil Price that the rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil.

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Mazandaran caviar exports increase by threefold

Mazandaran caviar exports increase by threefold

Director General of Fisheries in Mazandaran Province said the province's caviar exports reached $ 10 million in the first quarter of this year, more than threefold compared to the same period last year. The last quarter of last year’s exports were worth $ 3 million.

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Germany continues to guarantee investment in Iran

Germany continues to guarantee investment in Iran

Reuters reports that Germany will continue to offer export and investment guarantees for companies doing business with Iran, the economy ministry said on Monday, adding Berlin remained in dialogue with the U.S. on exemptions for German companies from Iran sanctions.

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Sanctions and buyers of Iran's oil market

Sanctions and buyers of Iran's oil market

In three months’ time, U.S. sanctions on Iran are due to enter into force that could drive the Persian Gulf  nation’s exports down toward zero and upend the global oil market. There are already signs that it will be harder for the country to export, as some international insurers stop covering shipments.

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Iran to sue the US for blocking carpet imports

Iran to sue the US for blocking carpet imports

The head of Iran National Carpet Center (INCC) considers the US move to put Iranian hand-woven carpet on its sanctions list a violation of international protocols, and says it will file a lawsuit with international tribunals against the US president.

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Iran exports increase by 16 percent

Iran exports increase by 16 percent

The Head of the Iran Export Confederation, Mohammad Lahouti, has announced a 16 percent increase in Iranian exports for the current year, saying: “Exports to the UAE have increased by 43 percent, which is rather significant. Iran’s least exports have been to South Korea and more attention must be given to this area.”  

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Mnuchin: US considers Iran sanction waivers

Mnuchin: US considers Iran sanction waivers

Lesley Wroughton writes in Reuters that the United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran as it seeks to avoid disrupting global oil markets while reimposing sanctions against Tehran, U.S. Treasury Secretary Steven Mnuchin said.  

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Iran proposal for US investment in LNG

Iran proposal for US investment in LNG

National Iranian Gas Exports Company (NIGEC) Director, Mehran Amir-Moeini, said about a proposal to the US to participate in expanding the LNG sector of Iran: “This is still only a proposal and no directives have been issued for negotiations.

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Oil prices could skyrocket to USD250/barrel if Hormuz closed

Oil prices could skyrocket to USD250/barrel if Hormuz closed

The Business Insider writes that crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on oil buyers to cut their Iranian purchases to zero, RT reports, quoting analysts.  

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