Monday, May 20, 2024

ANALYSIS: Why Is Iran Experiencing Power Cuts and Gas Shortages?

By Roshanak Astaraki The director of Iran’s Department of Environment (DoE) Isa Kalantari has said the public must reduce its gas consumption or face frequent power outages. In comments reported by the Tehran-based Tejarat News on...

EXCLUSIVE – U.S. Sanctions Have Idled a Quarter of Iranian Oil Rigs

By Bozorgmehr Sharafedin LONDON, March 10 (Reuters) - At least a quarter of Iran's oil rigs are out of action as U.S. sanctions strangle the Islamic Republic's vital oil industry, according to a Reuters review of...

Lifting U.S. Sanctions Will Not By Itself Revive Iranian Economy, Officials Say

By Kayhan Life Staff Iran-Italy Chamber of Commerce Chair Ahmad Pourfallah has warned the country’s officials that they cannot jump-start the economy even if all sanctions were to be lifted unless they enact the Financial...

Oil Prices Hit 14-Year Highs on Russia Oil Ban Talks, Iran Deal Delay

By Bozorgmehr Sharafedin and Scott DiSavino LONDON, March 7 (Reuters) - Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil...

U.S. Renews Waivers on Iran Nuclear Work, but Sanctions Top Iran Nuclear Official

By Humeyra Pamuk and John Irish WASHINGTON/PARIS, Jan 30 (Reuters) - The Trump administration on Thursday said it will allow Russian, Chinese and European companies to continue their work at Iranian nuclear sites, arguing that...
News Paper

The Week in Review: February 28th – March 6th

The novel Coronavirus, or COVID-19, made its way to nearly every province in Iran, increasing the number of people affected in the country to more than 4,747, with some reports claiming 124 people had...

‘Business Is Finished’: Iranian Merchants Fear the Worst as Virus Spreads

By Davide Barbuscia and Parisa Hafezi DUBAI, March 5 (Reuters) - Iranian merchants plying the busy Strait of Hormuz between Dubai and Iran fear their next trip home will be a one-way trip after the United Arab Emirates...

EXCLUSIVE-Attacks on Major Iraqi Gasfield Drive Out U.S. Contractors

By Amina Ismail and Maha El Dahan ERBIL, Aug 30 (Reuters) - A series of rocket attacks on a gasfield in northern Iraq has sent the U.S. contractors working on its expansion packing, dealing a blow to...

After U.S. Warning, Iran Says Its Navy Will Still Operate in the Persian Gulf

DUBAI, May 20 (Reuters) - The Iranian navy will maintain regular missions in the Persian Gulf, the ISNA news agency reported on Wednesday, a day after the United States warned mariners there to stay away...