Iran says no OPEC member can take over its share of oil exports

By Bozorgmehr Sharafedin LONDON, Aug 19 : Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales. In a meeting with OPEC Secretary-General Mohammad […]

UK’s Quercus pulls plug on $570 mln Iran solar plant as sanctions bite

By Lefteris Karagiannopoulos OSLO, Aug 14 : British renewable energy investor Quercus said it will halt the construction of a 500 million euro ($570 million) solar power plant in Iran due to recently imposed U.S. sanctions on Tehran. The solar plant in Iran would have been the first renewable energy investment outside Europe by Quercus […]

Turkey to continue buying natural gas from Iran despite U.S. sanctions

By Humeyra Pamuk and Ali Kucukgocmen ANKARA, Aug 8 : Turkey will continue to buy natural gas from Iran in line with its long-term supply contract, Turkey’s energy minister said on Wednesday, a day after U.S. President Donald Trump threatened that anyone trading with Iran will not do business with America. NATO member Turkey is […]

Iran eases currency rules, hoping to buoy rial ahead of sanctions

By Parisa Hafezi ANKARA, Aug 6 : Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value since April due to fears about U.S. sanctions likely to be imposed this week. President Donald Trump’s decision to pull […]

Iran rejects Trump offer of talks as “humiliation”, without value

By Bozorgmehr Sharafedin LONDON, July 31 : Senior Iranian officials on Tuesday rejected U.S. President Donald Trump’s offer of talks without preconditions as worthless and “a humiliation” after he acted to reimpose sanctions on Tehran following his withdrawal from a landmark nuclear deal. Separately, Iranian President Hassan Rouhani said Trump’s repudiation of the accord reached […]

U.S. launches campaign to erode support for Iran’s leaders

By Jonathan Landay, Arshad Mohammed, Warren Strobel and John Walcott WASHINGTON, July 22 : The Trump administration has launched an offensive of speeches and online communications meant to foment unrest and help pressure Iran to end its nuclear program and its support of militant groups, U.S. officials familiar with the matter said. More than half […]