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Samsung and LG remain in Iran

Samsung and LG remain in Iran

As speculation mounted over the past few weeks on whether Samsung and LG will leave Iran due to US sanctions against this country, an Iranian official has announced that both Korean companies will remain in Iran.

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Will Iran close the Strait of Hormuz?

Will Iran close the Strait of Hormuz?

Iran has reportedly renewed its threat to close the Strait of Hormuz, the world’s busiest transit lane for seaborne oil shipments, prompting fears about the potential ramifications for oil prices and broader financial markets.

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Iran's other generation gap, 40 years on

Iran's other generation gap, 40 years on

It was late in the afternoon on a cold winter day. Light snow had covered Tehran the night before, and I was spending the day in the production office of a small film unit of the Basij paramilitary militia. I was researching cultural producers in the Islamic Republic’s military and paramilitary organizations, and the young men who worked in this film unit had agreed to talk to me on the condition of anonymity.

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Iran ready to double electricity exports

Iran ready to double electricity exports

The CEO of Iran’s Tavanir electricity board has announced: “Electricity exports from Iran are rather low as compared to our production capacities which can be double this amount.”

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Iran not participating in OPEC production talks

Iran not participating in OPEC production talks

Speaking about Iran’s track record for supporting OPEC and its efforts for a stable market, the Iranian Petroleum Minister said: “Iran will not participate in any OPEC negotiations for oil production for as long as the sanctions last. It must be exempted from any decisions on production levels.”

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Impact of Iran oil sanctions on prices

Impact of Iran oil sanctions on prices

Donald Trump has announced he is exempting eight countries from Iran oil sanctions to prevent a price spike which may reach 100dbp if the sanctions are implemented too quickly.

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Zangeneh: Iran's oil exports are unstoppable

Zangeneh: Iran's oil exports are unstoppable

Iran’s Petroleum Minister has said: “The sustainable supply of oil to customers is one of Iran’s best services and no other country has the capacity to replace Iranian oil on the demanding global oil market.”

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Iran has access to all its oil revenues

Iran has access to all its oil revenues

The CEO of the National Iranian Oil Company (NIOC) has pointed out that Iran has access to all its oil revenues and announced the news of talks with a Russian company for an IPC.

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