Tag: Iran
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Oil heads towards $30 a barrel and markets are freaking out
The Dow fell more than 200 points and the S&P 500 slid 1.3% on Wednesday morning as oil took a 4% hit and slide to $30.60 a barrel. The latest oil slip arrives after Saudi Arabia ruled out the idea of cutting production due to deep distrust among oil producing nations. Iran this week also […]
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Iran won’t slow production to help raise oil prices
Iran on Wednesday said it would not restrain oil output as part of a global pact to freeze production and help prop up oil prices. The country’s officials are focused on recapturing the market share that was lost after years of US sanctions. Non-OPEC Russia and OPEC leader Saudi Arabia, have been in talks to […]
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Iran wants oil payments to be made in Euros and not US dollars
Officials in Iran are preparing to sell their oil to the world again, however, the country’s government is asking for payment in Euro’s instead of US dollars. “Our top priority is to receive cash and oil [payments] in euro,” Safar-Ali Karamati, a deputy director at the National Iranian Oil Company, told an Iran news outlet […]
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Iran is planning to buy 500 new planes and resume travel to US
Officials in Iran say they are planning to purchase 500 new aircraft as the country attempts to rejoin global aviation networks. Some of those jets could be used for the country’s first direct to the US flights in 36 years. Iran has faced years of sanctions which have claimed a heavy toll on its aviation […]
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Jeff Bezos flew Jason Rezaian home on his private jet
Amazon CEO Jeff Bezos, the owner of the Washington Post, personally flew to Germany this week to escort Post reporter Jason Rezaian back home to the United States. The reporter was thrown in jail by Iran in July 2014. He was released last weekend as part of a prisoner swap. Following his release he was brought […]
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Oil prices slide to lowest point since 2003 as Iran floods market
Oil prices have reached their lowest price since 2003 in early trading on Monday, as the market braces for a big jump in oil exports led by lifted sanctions in Iran. The UN nuclear watchdog group on Saturday said Tehran was meeting its commitments to curtail its nuclear program. Following those findings the US revoked sanctions […]
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Iran Wants Emergency OPEC Meeting To Stop Sliding Oil Prices
Iran’s Oil Minister, Bijan Zanganeh, has called for an emergency OPEC meeting in order to stabilize collapsing oil prices. Zanganeh’s call to arms echoes a similar message sent earlier this month by officials in Algeria. Following both of those messages officials for the Organization of Petroleum Exporting Countries said no meeting was planned. “Iran endorses […]
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Iran Wants To Purchase 90 Boeing And Airbus Planes A Year, There’s Just One Catch
Officials in Iran say they want to purchase upwards of 90 planes per year from Boeing and Airbus, there’s just one catch — the country needs sanctions to be lifted before it can do business with the airline giants. Iran’s state news agency IRNA quoted a senior aviation official who revealed, “Iran will buy a total […]
