The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to boost pressure on Tehran.
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Iran’s president emphasized the importance of adopting modern techniques to optimize energy consumption, stating that proper energy use would allow the country to save resources and sell more oil and gas at global market prices.
Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos.
Reportedly, India has to unload oil from Russian tankers under US sanctions by February 27 and complete all financial transactions with them by March 12. These deadlines were set by the Office of Foreign Assets Control (OFAC) of the US Treasury.
Iran’s Oil Minister Mohsen Paknejad emphasized the continuation of energy cooperation between Iran and Azerbaijan during a meeting with the Azerbaijani Prime Minister’s deputy on Tuesday.
Iran's Energy Minister announced plans to facilitate the export of Iran’s engineering and technical services to Tajikistan, emphasizing the active involvement of Iranian engineers in the country's water and power projects.
The CEO of Iranian Oil Terminals Company (IOTC) stated that the continuous uninterrupted oil exports, a crucial economic development factor, are largely due to the diligent efforts of its employees.
The Kremlin has warned that the recent US sanctions on Russia's energy sector could potentially destabilize global markets and is committed to minimizing their impact.
Iranian Vice President Mohammad-Reza Aref has announced Tehran and Moscow's strong determination to strengthen bilateral relations to the maximum level, Shana reported.
The US-China Economic and Security Review Commission has called for a six-month study on China's indirect oil entry routes to protect the country from sanctions.
Iran's Energy Minister Abbas Aliabadi and Qatar's Ambassador to Iran, Saad Abdullah Saad Al Mahmoud Al Shareef, met in Tehran to discuss expanding economic and trade ties.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report.
US oil executives are eagerly awaiting Donald Trump’s expected rollback of environmental regulations, but despite the president’s pledge to “drill, baby, drill”, production is unlikely to increase significantly during his second term in office.
The Iranian president says that expansion of relations with Turkmenistan and the development of the International North–South Transport Corridor (INSTC) are atop agenda of his state visit to the neighboring nation.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri has said India’s decision to buy oil from Russia amid global uncertainties helped avert a potential spike in global oil prices.
Iranian President Masoud Pezeshkian highlighted the importance of resolving issues related to joint foreign investment projects, especially in the energy sector, emphasizing the need to utilize the capacities of neighboring countries.
Iranian Minister of Transport and Urban Development Farzaneh Sadegh highlighted Iran and Turkey's crucial role in regional transit and freight transportation as a bridge between East and West.
Iran’s export to Tajikistan has risen 33 percent in the first half of the current Iranian calendar year, as compared to the same period of time in the past year, the vice chairman of Iran-Tajikistan Joint Economic Committee stated.
In the early hours of Saturday, several explosions were heard in Tehran, the capital of Iran.
Iranian President Masoud Pezeshkian announced that Iran and India's membership in BRICS provides a suitable platform for further strengthening bilateral relations and ensuring mutual benefits.