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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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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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Currency rescue for Iran's rial?

Currency rescue for Iran's rial?

Golnar Motealli reports that Iran plans to implement a new financial rescue package on Monday to try and halt the rial’s decline, coinciding with the re-imposition of severe U.S. sanctions on the oil-rich state’s economy after President Donald Trump pulled out of the Iran nuclear deal.

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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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Iran bans handicraft imports

Iran bans handicraft imports

The Cultural Heritage, Handicrafts and Tourism Organization of Iran Deputy has announced that Iran has banned the import of foreign handicrafts. The customs of Iran have also been informed of the decision.  

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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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