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Tag Archives: Iran sanctions

Iran makes $6 billion deal with Total, CNPC

total SA, Iran

According to the Wall Street Journal, Iran plans to sign a preliminary $6 billion deal with Total SA on Tuesday to help develop an onshore gas field. The move by Total is the first return by a Western energy company since sanctions were lifted this year. Total was long one of the most active Western oil companies in Iran, and ...

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Report: Iran detains Greek national for smuggled oil tankers

oil tanker, Iran, smugglers

TEHRAN, Iran (AP) — An Iranian state-run daily is reporting that authorities in Tehran have detained a Greek national they accuse of embezzling money from smuggled oil and selling three oil tankers for $100 million. The report on Thursday in the IRAN newspaper suggests the Greek national was involved in smuggling Iranian crude oil while economic sanctions were imposed over ...

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UN nuclear chief: Iran must honor deal ‘for many years’

UN nuclear chief: Iran must honor deal 'for many years'

VIENNA (AP) — The head of the U.N. nuclear agency suggests that Iran’s initial compliance with an atomic deal is only a first step, saying Tehran must continue to honor its commitments in the years ahead. International Atomic Energy Agency chief Yukiya Amano spoke Monday at the opening of the organization’s 35-nation board meeting. The IAEA is monitoring Iran’s compliance ...

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Saudi Arabia halts $4B in Lebanese deals over Iran dispute

Image: SI 24/365 Maps via Flickr

BEIRUT (AP) — Saudi Arabia announced on Friday it is halting deals worth $4 billion aimed at equipping and supporting Lebanese security forces in retaliation for the tiny country’s siding with Iran amid the Sunni kingdom’s spat with the Shiite power. The surprise announcement, carried by the state-run Saudi Press Agency, comes as deeply divided Lebanon struggles to handle the ...

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Iran to boost oil output by 500,000 barrels

Iran map

TEHRAN, Iran — Iran is aiming to increase its oil production by 500,000 barrels per day now that sanctions have been lifted under a landmark nuclear deal with world powers, a top official said. In comments posted on the Oil Ministry’s website Monday, Deputy Oil Minister Roknoddin Javadi said Iran is determined to retake its share of the oil market, ...

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US says waiting for IAEA to verify Iran nuke compliance

Secretary of State John Kerry gives a foreign policy speech, Wednesday, Jan. 13, 2016, at National Defense University in Washington. Kerry predicted Iran could comply with last summer's nuclear deal  "within the next coming days." (AP Photo/Evan Vucci)

WASHINGTON — The White House says it’s not ready to suspend economic sanctions against Iran because its compliance with the nuclear deal hasn’t been verified. White House spokesman Josh Earnest says Iran is making important progress toward curbing its nuclear program. He says it’s possible the Islamic Republic has already completed all the necessary steps. But Earnest says Iran won’t ...

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US, Iran forge new relationship as nuke deal advances

Members of the military, and others, listen as Secretary of State John Kerry gives a foreign policy speech at National Defense University in Washington, Wednesday, Jan. 13, 2016. (AP Photo/Evan Vucci)

WASHINGTON — For diplomats from countries without diplomatic relations, Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif sure are doing a lot of diplomacy. As Iran races to satisfy the terms of last summer’s nuclear deal and the U.S. prepares to suspend sanctions on Tehran as early as Friday, Kerry is talking to Zarif more than ...

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Kerry says Iran may be ‘days away’ from satisfying nuke deal

Secretary of State  John Kerry (Image: Center for American Progress via Flickr)

WASHINGTON — Secretary of State John Kerry said Thursday that Iran may be “days away” from complying with last summer’s nuclear deal, a step that would compel the U.S. and other Western nations to immediately suspend many sanctions on the Islamic republic. The landmark could usher in a new phase in the budding U.S.-Iranian rapprochement. Kerry told reporters he spoke ...

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