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....
BEIJING (Reuters) - China may buy more Iranian oil next year as a state trader is negotiating a new light crude contract that could raise imports from Tehran to levels not seen since tough Western sanctions were imposed in 2012, running the risk of upsetting Washington.
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.