Post Tagged with: "Iran sanctions"

Source: Reuters/Rodrigo Garrido

U.S. lifts Iran sanctions on one unit of Chinese shipping giant COSCO

Reuters


WASHINGTON – The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about …

Source: Reuters

U.S. ‘deeply concerned’ about untrackable China ships carrying Iran oil: officials

Source: Reuters


WASHINGTON (Reuters) – The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.

“We’ve been messaging very heavily to …

October 16, 2019 - 11:45 am Closing Bell Story‎, Crude Oil News, Energy News, International
UK Joins United States for Maritime Security Mission in Gulf

UK Joins United States for Maritime Security Mission in Gulf

From Reuters


Britain on Monday joined the United States in a maritime security mission in the Gulf to protect merchant vessels travelling through the Strait of Hormuz after Iran seized a British-flagged vessel.

British officials stressed that there was no …

Tighter Iranian Oil Sanctions Set Stage for U.S.-Saudi Showdown

Tighter Iranian Oil Sanctions Set Stage for U.S.-Saudi Showdown

From The Wall Street Journal

Saudi Arabia has pledged to boost oil output if needed, as the Trump administration starts banning all Iran oil exports on Thursday.

But behind the scenes, Riyadh and Washington face a potentially weekslong showdown over …

May 2, 2019 - 5:05 pm Closing Bell Story‎, Crude Oil News, Energy News
U.S. Ends Waivers for Countries to Import Iranian Oil

U.S. Ends Waivers for Countries to Import Iranian Oil

From The Wall Street Journal

The U.S. is ending waivers for countries to import Iranian oil, part of the Trump administration’s effort to deprive Iran of export revenue, the White House said Monday.

The U.S. had previously granted eight countries

Iran Raises Stakes in U.S. Showdown With Threat to Close Hormuz

Iran Raises Stakes in U.S. Showdown With Threat to Close Hormuz

From Bloomberg

Iran will close the Strait of Hormuz, a waterway vital for global oil shipments, if the country is prevented from using it, a senior military official said on Monday in what appears to be a response to the …

April 22, 2019 - 12:09 pm Closing Bell Story‎, Crude Oil News, Energy News
Iran’s Oil Exports Fall in March Even Before Further U.S. Clampdown

Iran’s Oil Exports Fall in March Even Before Further U.S. Clampdown

From Reuters

Iran’s oil exports have dropped in March to their lowest daily level this year, according to tanker data and industry sources, even before Washington formally requires importing countries to reduce purchases to avoid infringing U.S. sanctions.

Shipments are …

March 21, 2019 - 4:51 pm Closing Bell Story‎, Crude Oil News, Energy News
India’s Iranian Oil Imports Slide in December Under U.S. Pressure

India’s Iranian Oil Imports Slide in December Under U.S. Pressure

From Reuters

India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect.

The United States introduced tough sanctions …

January 11, 2019 - 12:14 pm Closing Bell Story‎, Crude Oil News, Energy News
Iraq ‘Not Obliged’ to Abide by U.S. Sanctions on Iran: Foreign Minister

Iraq ‘Not Obliged’ to Abide by U.S. Sanctions on Iran: Foreign Minister

From Middle East Eye Agency

Iraq’s foreign minister has said that his country is “not obliged” to abide by sanctions imposed by the US against Iran and would be pursuing options to continue trade.

On 20 December, the US granted …

January 3, 2019 - 12:58 pm Closing Bell Story‎, Energy News, International, LNG, Trade
President Trump Pulls U.S. Out of Iran Nuclear Deal, Reimposes Sanctions

President Trump Pulls U.S. Out of Iran Nuclear Deal, Reimposes Sanctions

Measures will likely only remove 300,000-500,000 barrels a day of Iranian crude from the market: analyst

Saying “the Iran Deal was one of the worst and most one-sided transactions the United States has ever entered into,” President Trump pulled the …