The secretary of Irans Supreme National Security Council (SNSC) says the change in Greeces approach to illegal confiscation of an Iranian tankeron the US order proves that retaliatory measure is the best way to protect the country against bullying. Ali Shamkhani made the remark in a Thursday tweet after reports indicated that a Greek court has overturned ...

Iran said on Monday that a U.S. move this month to seize a cargo of oil on the grounds that it came from Tehran was an act of piracy, adding that the shipment did not belong to the Iranian government. Washington filed a lawsuit earlier this month to seize the cargo, alleging that Iran sought to mask the origin of the oil by transferring it to several ...

TEHRAN (Tasnim) The chief executive of Frontline, one of the world's largest independent tanker firms, said it is likely to take another two or three months until insurance for cargoes carrying oil from Iran is secured. "We have not lifted anything yet, there are still terms of insurance and payments. There are still some outstanding (issues)....

A US-based insurance company, which covers the global shipping industry, says it has obtained necessary authorization from US government to cover Iranian oil cargos transported by non-American companies. According to a Bloomberg report, the development comes after Iran and P5+1 countries the US, the UK, France, China, and Russia plus Germany ...