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The 12 people and things that ruined Iran

By David Patrikarakos (Politico) Last month, Iran held its first elections since the nuclear deal was struck. Their outcome was the first reliable sense of how successful President Hassan Rouhani’s conservatively reformist project is likely to be. Despite an ostensibly positive result, the battle is far from over. Under the …

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The Woman Shaping Iran’s Oil Future

At Monsoon, a bistro in Tehran that serves sushi, Szechwan beef, and Gouda and calamari on whole wheat toast, the fusion cuisine is an act of defiance. So are the women’s fashions—tight robes, exposed calves, headscarves that barely conceal blond and henna-colored hairstyles. The restaurant, with its rough concrete walls, …

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Saudi floats idea to lift oil prices but Iran, Russia reject cuts Read

Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the lowest levels in six years although fellow producers Iran, Iraq and Russia on Thursday rejected its main idea of cutting output. Saudi Arabia, the largest oil producer in …

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Container ships make slow return to Iran after nuke deal

The first international container ships began arriving in Iran this week after the nuclear deal between Tehran and world powers, yet many ship owners remainf wary of resuming business until sanctions are removed – still some months away. Iran had depended on foreign ships for much of its imports, but …

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Iran eyes $185 billion oil and gas projects after sanctions

Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020. Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said the Islamic Republic would focus on …

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Iran oil and gas fair opens amid hopes over sanctions lifting

Iran, which boasts world’s fourth largest oil reserves, hosts first annual industry fair since reaching a nuclear deal outline with Western powers. ran’s 20th annual oil and gas fair opens in Tehran on Wednesday, amid hopes that a nuclear deal could mean a major turnaround for the country’s stifled economy. …

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Nuclear deal means more Iran oil – just not this year

By T. Gardner & J. Leff (Reuters) – A framework accord to curb Iran’s nuclear program forged on Thursday could eventually allow Tehran to reclaim lost ground in the global oil market. Yet the deal all but guarantees that cannot happen before next year. By ensuring that sanctions remain intact …

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More Iran oil post-sanctions, aimed at Asia, may hurt Iraq

(Reuters) – A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. The latest twist to the saga of aggressive marketing is the world oil glut and low prices, likely …

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Oil dives 5 percent as worries about Iran talks trump Yemen

(Reuters) – Oil tumbled 5 percent on Friday, erasing the previous session’s gains, as Yemen’s conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market. Oil prices still notched …

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