"The illusion about any instability or inflation in domestic foreign exchange market, which was constantly spoken of, is broken for the nth time by the Central Bank of Iran’s (CBI) management," the central bank governor Abdol-Naser Hemmati wrote on his Instagram on Wednesday.
Iranian Foreign Minister Mohammad Javad Zarif condemned US’ escalating economic terrorism against Iranian on his tweeter account on Tuesday.
Ankara criticized a decision by US President Donald Trump not to reissue waivers in May allowing importers, including Turkey, to buy Iranian oil without facing US sanctions.
Leader of Lebanon’s resistance movement Hezbollah says the US sanctions on Iran oil will fail as the prices will sharply rise as a result of less supply in the market and given the same sanctions on Venezuela.
Oil prices rallied by more than 2% on Monday to levels not seen since November 2018 following the market's growing concerns that the US may not renew the sanction waivers on Iranian oil, which will end early May.
Hyundai Oilbank Company, a major South Korean refiner, plans to import 2 million barrels of Iranian condensate this month, a person familiar with the issue said Monday. It would be Hyundai Oilbank’s first imports of ultralight crude since September, two months before the United States reimposed its unilateral sanctions on Iran, South Korea Herald reported. […]
India has begun paying Iran for oil in rupees, a senior bank official said on Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil after the US unilaterally withdrew from the […]
Iranian crude in the global market is extremely important for sustaining a balance in oil trade, says Sanjiv Singh, chairman of Indian Oil Corporation Ltd. India is one of the largest consumers of crude oil and since Iran has been one of the key suppliers, the country hopes the US will extend sanctions waiver, Singh said, […]
The United States has extended for 90 days a waiver given to Iraq from sanctions against Iran, a State Department spokesman said on Friday, allowing Baghdad to keep importing Iranian gas that is critical for Iraqi power production. The extension was reached on Thursday, when a previous 45-day waiver was due to expire, during a […]