Iran’s Military is Ready to Protect Oil Tankers Against Threats, Deputy Commander

DUBAI, Nov 12 (Reuters) - Iran's armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday after the United States called the ships a "floating liability" and warned ports operators not to allow them to dock. The United States resumed sanctions on Iran's oil, shipping and banking industries last Monday after U.S. President … [Read more...]

Iran Oil Waivers: How Buyers Are Lining Up After U.S. Exemptions

By Heesu Lee and Debjit Chakraborty (Bloomberg) -- Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic’s top customers are preparing to buy. The exemptions mean at least some supplies from OPEC’s third-biggest producer will keep flowing into international markets, after Iran’s exports plunged by … [Read more...]

Sunken Sanchi Tanker Among Ships Hit by Iran Sanctions

By Nick Wadhams and Javier Blas (Bloomberg) -- Among the hundreds of Iranian-linked banks, companies and vessels that the U.S. slapped sanctions against on Monday was an Iranian crude oil tanker called the Sanchi. There’s one problem: The ship sank after a collision and fiery explosion in January. The U.S. Treasury Department’s sanctions list distributed Monday leaves no … [Read more...]

U.S. Snaps Back Iran Sanctions with Waivers to Top Oil Buyers

By Humeyra Pamuk and Jane Chung WASHINGTON/SEOUL, Nov 5 (Reuters) - The United States snapped sanctions back in place on Monday to choke off Iran's oil and shipping industry, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic. Having abandoned the 2015 Iran nuclear deal, U.S. President Donald Trump is trying to … [Read more...]

Opinion: Trump’s Iran Sanctions Won’t Squeeze Oil Markets

By Ellen R. Wald (Bloomberg Opinion) -- New U.S. sanctions on Iran’s oil industry, set to begin on Sunday, were supposed to exert maximum pressure on Iran’s economy. Since the pullout from the Iran nuclear deal was announced in May, the Trump administration has claimed a goal of cutting Iran’s oil exports to zero. Officials have repeatedly said that they expected customers to … [Read more...]