Iran Oil Sanctions News

Markets

What oil at $100 a barrel would mean for the world economy

Rising oil prices will hurt household income and spending and it could accelerate inflationEmerging economies dominate the list of oil-producing nations which is why they’re affected more than developed ones

4 min read29 Apr 2019
Industry

India will stop importing crude oil from Iran after US ends sanction waiver: Official

Trump administration Monday decided not to renew waiverIndia was the second biggest buyer of Iranian crude oil after China

4 min read23 Apr 2019
Industry

India inks pact with Iran to pay crude bill in rupee

India's state-owned UCO Bank is expected to announce the payment mechanism in the next 10 days

1 min read6 Dec 2018
Money

With US waiver, India’s Iranian oil imports to continue

Iran had become a preferred supplier for India due to sweeteners such as 60-day credit, free insurance and shipping.

4 min read6 Nov 2018
Market

US renews Iran sanctions; India, China get oil waivers

US President Donald Trump is trying to cripple Iran's oil-dependent economy and force Tehran to quash not only its missile and nuclear programmes, but also diminish its influence in the Middle East

3 min read6 Nov 2018
Market

Does fall in crude oil prices signal end of Sensex slump?

Investors are hoping lower oil prices will benefit India's current account deficit (CAD), ease pressure on the rupee and spur a return of FPI inflows

3 min read5 Nov 2018
Politics

Pradhan credits US waiver on Iran oil imports to PM Modi

India is a major importer of Iranian oil of the 220.4 million metric tonnes of crude imported by India in 2017-18, more than 9% was from Iran

1 min read3 Nov 2018
News

US open to new Iran deal, says Trump

The US remains open to reaching a new, more comprehensive deal with Iran that forever blocks its path to a nuclear weapon, addresses the entire range of its malign actions, and is worthy of the Iranian people: President Donald Trump

3 min read3 Nov 2018
News

US allows eight countries to keep buying Iran oil for now

Exemptions will be temporary. US reimposes all Iran sanctions lifted under 2015 nuclear deal

1 min read2 Nov 2018
Politics

US agrees to grant India waiver from Iran oil sanctions: Report

Global benchmark Brent crude has fallen about 15 percent from over $85 a barrel last month on increasing speculation that at least some nations will get waivers

4 min read2 Nov 2018
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