TEHRAN, June 07 (Shana) Government Spokesperson Mohammad Bagher Nobakht says the increased export of Iran's crude oil is an indication of the removal of sanctions on Tehran. Speaking to reporters on Tuesday morning, the official said Iran could only export 1 million barrels of oil on a daily basis under the sanctions but "has now doubled ...

President Barack Obama has renewed unilateral US restrictions on purchases of oil and oil products from Iran. In a decree, issued by his office, the US president said that global economic conditions, increased oil production by certain countries, and the level of (oil) spare capacity had allowed him to take the decision. Saudi Arabia, a key US ...

Under the deal, EU governments will have to stop signing new contracts with Tehran from the moment the ban comes into place probably as soon as this week but will be able to fulfill existing contracts until 1 July, Guardian reported. European Union ambassadors agreed on Monday to impose an embargo on crude oil imports from Iran. These sanctions ...

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TEHRAN (Tasnim) Iranian Oil Minister Bjian Namdar Zanganeh said the most important sanction against Iran which should be removed is the oil sanction. If any sanction is to be lifted, it should be the oil sanction. And if the sanction on oil is not lifted, that would mean that no sanction has been removed, Namdar Zanganeh told Euronews in an interview ...

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[caption id="attachment_133020" align="alignright" width="168"] An oil tanker loads gas in Assaluyeh seaport at the Persian Gulf, 1,400 km (870 miles) south of Tehran, Iran May 27, 2006.[/caption] (Reuters) - Asian imports of Iranian crude fell below 1 million barrels per day (bpd) for a second time this year to a one-year low due to seasonal demand ...

WASHINGTON The US House of Representatives will vote next week on legislation aimed at slashing Irans ability to export any oil. With 360 co-sponsors in the 435-member body, the bill will pass, and is expected to be matched in the Senate after Congresss August recess. The sanctions bill requests that the US president, under his authority provided ...

The US president had sought support from Dmitry Medvedev andHu Jintao as he seeks to rein back Iran's nuclear ambitions, but he got no public endorsement from either of them. Russia and China are reluctant to back the US in its push to tighten international sanctions on Iran. Its necessary to know that at this time, there are a whole lot of countries ...

By Reuters (Reuters) - Iran's state budget is under pressure and the government has cut spending in some areas, President Mahmoud Ahmadinejad was quoted as saying as the country struggles to cope with Western economic sanctions. "Right now in terms of the budget we are under pressure," Ahmadinejad said in a speech on Tuesday, according to the ...

By AGI (AGI) Rome - David Cohen, US Treasury , said "the international community will increase the pressure on Tehran until the Iranian leaders undertake to start serious talks" over the nuclear programme. He said so speaking to the reporters at the US embassy in Rome. Commenting the recent troubles sparked in iran by the strong depreciation of ...

This article was written byRob Minto for the Financial Time blogs on July 16, 2012.Rob Minto is a writer/editor on the FT's emerging markets desk in London. The last few days have seen a fresh wave of US sanctions against Iran, in an attempt to put the brakes on its nuclear programme. But cutting off Irans oil its biggest export isnt easy. Chart ...