CNBC The return of the Iran nuclear deal could be imminent — and with it, the return of a lot of oil to international crude markets. Before the U.S. resumed sanctions on Iran after former President Donald Trump left the deal in 2018, Iran was the third-largest producer in OPEC after Saudi Arabia and Iraq. In 2017, it was
Yahoo News JERUSALEM – A new nuclear deal between world powers and Iran would allow other nations to avoid sanctions and give Teheran $100 billion a year to destabilise the Middle East, Israeli Prime Minister Yair Lapid said on Wednesday. The United States aims to respond soon to a draft accord proposed by the European Union that would restore the
World Oil (Bloomberg) — Iran warned that proposed U.S. legislation targeting the Islamic Republic could further imperil stalled Biden administration efforts to resurrect the moribund nuclear deal. The bipartisan U.S. Senate bill, called the Iran Nuclear Weapons Capability Act of 2022, seeks to compel the government to assess the dangers posed by Iran and come up with a strategy to
World Oil (Bloomberg) –The Biden administration faces the sobering reality that returning to the Iran nuclear deal may no longer be feasible, as the Islamic Republic finds ways to cope with U.S. sanctions and races toward the capacity to build a bomb. U.S. officials are reviewing their options after months of talks on reentry into the accord failed to produce
From The Houston Chronicle An Iranian supertanker with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization left Gibraltar and was heading east into the Mediterranean Sea on Monday, with its next destination reported to be Greece. The Iran-flagged Adrian Darya 1, previously named Grace 1, set course for Kalamata, Greece, with
From The Houston Chronicle Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East. “Official and unofficial documents have been exchanged to resolve the matter
Iran abandons parts of nuclear deal amid heightened Mideast tensions
Congressional Republicans unable to mount enough opposition to stop Iran deal Senate Democrats blocked a Republican resolution of disapproval of the Iran nuclear deal from going to a final vote today, with the procedural motion to move to a final vote falling just two votes shy of the required 60. The news comes as a victory for President Obama, who
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