close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Iran's oil exports

Oil slumps below $28 to 2003 low as Iran sanctions lifted

Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend.

Jan 19, 2016, 02:52 AM IST

US Congress passes new sanctions against Iran

The US Congress has passed additional sanctions seeking to further stifle Iran's oil exports, just a day after President Barack Obama announced new measures to pressure the Islamic republic over its controversial nuclear program.

Aug 02, 2012, 16:45 PM IST

India replaces China as Iran's top oil client

India has vaulted to the top of the list of Iran's oil customers, overtaking China, in a first-quarter buying surge ahead of tighter sanctions against Tehran this summer, data published by a leading industry consultant showed.

Apr 12, 2012, 22:18 PM IST

Obama clears sanctions to squeeze Iran

US president Barack Obama is moving ahead with tough new sanctions aimed at squeezing Iran's oil exports after determining there is enough crude on world markets to take the step without harming US allies.

Mar 31, 2012, 12:41 PM IST