Yemeni PM Claims Fishermen Have Seized Iranian Ship

DUBAI (Reuters) - An Iranian vessel with 19 sailors on board has been seized near a Yemeni island by local fishermen, Yemen’s prime minister said on Saturday. There was no immediate official Iranian reaction to the comments made by Ahmed Obeid bin Daghr on his Twitter account in which he said the ship was detained off the coast of Socotra, the largest island in an archipelago … [Read more...]

Iran Oil Embargo – First Tankers Depart For Europe Since Sanctions End

by Anthony Dipaola & Hashem Kalantari (Bloomberg) Iran loaded its first cargo of oil aboard tankers to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude. A tanker for France’s Total SA was being loaded at Kharg Port while vessels chartered for Chinese and Spanish companies were due to arrive later Sunday, an … [Read more...]

Iranian Crude – European To Import 300,000+ Barrels A Day

by Hashem Kalantari  Deena Kamel  (Bloomberg) Iran will start sending 300,000 barrels a day of crude to Europe, 54 percent of the total it shipped before authorities on the continent put an embargo in place. Paris-based Total SA has agreed to buy about 160,000 barrels a day starting on Feb. 16, the ministry of oil’s Shana website reported, citing Oil … [Read more...]

New York Journalist Is Aboard Iranian Ship

(Reuters) An Iranian cargo ship carrying aid and activists crossed into the Gulf of Aden on Sunday and will reach Yemen's Hodaida port on May 21, Iranian media reported, in a challenge to Saudi-led naval forces controlling Yemeni waters. A coalition of Arab countries led by Saudi Arabia has imposed searches on all ships trying to enter Yemen in a bid to prevent weapons being … [Read more...]

Iran Oil Minister Completely Ignores Crude Export Limit Set in Nuclear Deal

By Golnar Motevalli and Anthony DiPaola May 8 (Bloomberg) -- Iran will export crude oil at the maximum level possible, regardless of restrictions imposed in an interim deal that offered the country some relief from sanctions over its nuclear program, Oil Minister Bijan Zanganeh said. Iran shipped about 1.37 million barrels a day of crude on average during the first three … [Read more...]