Sanctions on Iran: Oil prices hit highest in years

Singapore:  Oil prices clocked up more multi-year highs as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market. The United States plans to impose new sanctions against Iran, which produces around 4 percent of global oil supplies, after abandoning an agreement reached in late 2015 […]

Trump abandons ‘defective’ Iran nuclear deal

Washington: President Donald Trump pulled the United States out of an international nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies. Trump said in a televised address from the White House that he would reimpose U.S. economic sanctions on Iran to […]

PM Modi meets Hassan Rouhani India and Iran sign 9 agreements

New Delhi: Prime Minister Narendra Modi and Iranian President Hassan Rouhani on Saturday held substantive and productive discussions on cooperation in trade and investment, energy, connectivity, defense and security and regional issues. After a bilateral meeting between PM Modi and the visiting Iranian President, agreements were signed in areas like double taxation avoidance, extradition, agricultural […]