EU sanctions on Iran's top oil tanker annulled

2014-10-07 19:15

European Union sanctions on NITC have been annulled after the EU did not appeal against a court ruling that the measures should be lifted.

Govt raps Shell for embarrassing SA

2014-03-11 20:04


Kerry: Business trip to Iran not helpful

2014-02-05 19:00

US Secretary of State John Kerry has told his French counterpart a trip to Iran by French CEOs gave the wrong impression that the West could do business with Tehran, an official says.

US Treasury confirms $550m transfer to Iran

2014-02-03 19:24

The US Treasury Department has confirmed that it allowed the transfer of $550m in Iran's frozen oil revenues to the country under an interim nuclear deal.

StanChart faces $330m Iran fine

2012-12-06 12:59

Standard Chartered expects to pay $330m for breaking sanctions on Iran, a second such penalty which could almost wipe out its profit growth this year.

Swiss sanctions exempt Iran central bank

2012-04-18 12:57

Switzerland has extended financial sanctions against Iranian companies and individuals but has not frozen the central bank's assets or imposed an oil embargo.

France in talks on strategic oil release

2012-03-28 10:47

France is in discussions with the US and UK on the possible release of strategic oil stocks to keep prices down, reports Le Monde newspaper.

Supply worries keep oil above $125

2012-03-27 14:26

The price of a barrel of Brent crude oil stayed above $125 on renewed concerns about tension in Iran and supply disruptions in Syria, South Sudan and Yemen.

Obama: Iran conflict adds $20 to oil price

2012-03-23 17:30

US President Barack Obama says the tensions with Tehran are causing the price of oil to spike an added $20 or $30, pushing up fuel prices.

SA suspends Iran oil imports

2012-03-22 14:39

The government says "very little" Iranian oil is being imported into SA and that it intends to abide by a US request to significantly curb purchases.


US slaps more sanctions on Iran

2014-08-29 18:49

The United States has imposed more sanctions on shipping firms, airlines and six Iranian banks.

Iranian bank sues UK govt for $4bn

2014-02-17 14:59

Iran's largest private bank is suing the British government after a court quashed sanctions imposed against it over alleged links to Tehran's nuclear programme.

Iran urges foreign firms to return

2014-02-04 17:12

Iran wants foreign companies to return to its oil sector as a delegation of leading French business people visited Tehran.

Iran sanctions bill to slash oil exports

2013-08-01 12:08

The House of Representatives has passed a bill to tighten sanctions on Iran, showing a strong message to Tehran over its disputed nuclear program.

Investor caution keeps Brent above $118

2012-04-19 09:04

Brent crude oil stayed higher than $118 a barrel, as investors pared back demand ahead of a much-anticipated Spanish bond auction.

SA Iranian oil imports soar in February

2012-04-02 10:47

Customs data show imports of crude oil surged after dropping to zero in January, contradicting the view that SA has bowed to US pressure to cut links with Iran.

SA halted Iran oil imports in January

2012-03-27 18:15

Government data show that no oil was bought from Iran while imports from other producers rose in January, suggesting SA heeded US calls to cut Iranian imports.

Cable confirms talks on oil reserves

2012-03-23 17:35

British Business Secretary Vince Cable says talks are continuing with US officials about the possible release of oil from their stockpiles to bring down fuel prices.

SA curbs Iran oil imports on US pressure

2012-03-22 18:48

The government has acceded to a US request and suspended imports from Iran, says the deputy foreign minister, while Sasol has found alternative crude sources.

SA plans to cut Iran oil imports

2012-03-13 14:03

Energy Minister Dipuo Peters says SA hopes to have a plan by the end of May to replace Iranian crude on which it relies heavily.

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