Could Saudi Arabia replace all the barrels lost from Iran sanctions?

By John Kemp LONDON, July 9 : The United States wants to eliminate all Iran’s crude oil exports from November, and is relying on Saudi Arabia and other OPEC and non-OPEC members to fill the gap in supplies. “Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue from […]

Nuclear deal talks set to drag on as Iran seeks more from world powers

By Parisa Hafezi, Francois Murphy and John Irish VIENNA, July 6 : Talks to save the 2015 nuclear deal on Friday are unlikely to satisfy Iran, European powers said, and Tehran warned that it could leave the accord if it was not fully compensated for the re-imposition of U.S. sanctions. Ministers from Britain, China, France, […]

EU lawmakers back plan for European Investment Bank work in Iran

By Robin Emmott and Alissa de Carbonnel BRUSSELS, July 4 : EU lawmakers gave approval on Wednesday for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned. The EIB, the European Union’s not-for-profit long […]

US says global oil capacity enough to make up for Iran cutbacks

By Lesley Wroughton and Daphne Psaledakis WASHINGTON, July 2 : The United States aims to reduce Tehran’s oil revenue to zero in an effort to force the Iranian leadership to change its behavior in the region and believes there is enough spare global oil capacity to make up for lower supply from Iran, a senior […]

Trump ally Giuliani says end is near for Iran’s rulers

By John Irish VILLEPINTE, France, Jul 1 : U.S. President Donald Trump will suffocate Iran’s “dictatorial ayatollahs”, his close ally Rudy Giuliani said on Saturday, suggesting his move to re-impose sanctions was aimed squarely at regime change. The former New York mayor who is now Trump’s personal lawyer, was addressing a conference of the Paris-based […]

Trump ally Giuliani says end is near for Iran’s rulers

By John Irish VILLEPINTE, France, June 30 : U.S. President Donald Trump will suffocate Iran’s “dictatorial ayatollahs”, his close ally Rudy Giuliani said on Saturday, suggesting his move to re-impose sanctions was aimed squarely at regime change. The former New York mayor who is now Trump’s personal lawyer was addressing a conference of the Paris-based […]