A senior U.S. official urged South Korea on Tuesday to reduce its crude oil imports from Iran, ratcheting up pressure on Washington's close ally to help confront Tehran over its nuclear program.South Korea ...
SEOUL, South Korea (AP) -- A senior U.S. official urged South Korea on Tuesday to reduce its crude oil imports from Iran, ratcheting up pressure on Washington's close ally to help confront Tehran over its nuclear program....
JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu launched an intensive campaign on Sunday to convince world powers to toughen terms of a proposed nuclear deal with Iran ahead of negotiations reconvening this week in Geneva.
A global deal to lift sanctions against Iran could unleash a flood of oil on to world markets by next year just as crude output recovers in Libya and Iraq, triggering a slide in prices and a major shake-up of the energy landscape.
The prospect of cheaper oil is a welcome relief for the West, but poses a major threat to Russia and a string of countries that depend on oil revenues to finance their budgets.
ALMATY, Kazakhstan — World powers began a new round of high-level talks with Iranian officials Tuesday, trying to find a way out of a years long tussle over Tehran’s nuclear program and its feared ability to make atomic weapons in the future.
Few believe the latest attempt to forge a compromise will yield any major breakthroughs, but negotiators are optimistically casting it as a stepping stone toward reaching a workable solution.
CAIRO — Saudi Arabia dislikes the deal the West has cut with Iran for two reasons. The first is obvious: it is an encouragement to its greatest regional rival, a country it regards as a menace. The fact the West largely agrees Iran is a menace makes it all the harder to bear.
South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the next six months to secure its next waiver to U.S. sanctions targeting Iran's nuclear program, two sources told Reuters.
U.S. and European measures aimed at curbing Iran's oil shipments and depriving Tehran of its main source of funds drove crude exports to the lowest in decades in May. The curbs have cost Iran billions of dollars in lost revenue and Washington is now seeking to ...
South Korea's military began a major live-fire exercise Monday amid high tensions sparked by North Korea's deadly bombardment last month, as Washington pressed Beijing to curb its unruly ally Pyongyang.The South, smarting over the unprecedented shelling of a civilian area, dismissed claims by the North that the five-day drill could spark war.The land, sea and air firing exercise follows last week's major show of naval strength by Seoul and its close ally Washington, designed to deter Pyongyang from future attacks.