Saturday, 4 December, 2021
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Workers aboard an offshore oil platform in the Persian Gulf's Salman Oil Field, near Lavan island, Iran | Photo by Bloomberg

Iran starts ramping up oil production to pre-sanctions levels

Iran has been subject to US sanctions since 2018, when the Trump administration unilaterally withdrew from a deal that restricted the Middle Eastern country’s nuclear activities.
File image of India's External Affairs Minister S. Jaishankar meeting his Iranian counterpart Javad Zarif | Representational image: ANI

India has ‘no immediate plans’ to resume oil purchases from Iran after Trump’s White House exit

The incoming Joe Biden administration will take time to lift Trump’s sanctions and return to the Iran nuclear deal, so India is adopting a cautious approach.
Mike Pompeo

India to seek Iran oil waiver when Pompeo visits, US is hoping to foil S-400 missile deal

Iran oil and India's S-400 deal with Russia are likely to dominate the discussions when US Secretary of State Mike Pompeo visits next week.
Iran crude oil

Top EU adviser blames US for escalating tensions between Iran and the West

Donald Trump officially launches 2020 re-election campaign and upcoming Xi-Trump G20 meet makes stock markets rally.
A support vessel flying an Iranian national flag sails alongside the oil tanker 'Devon' as it prepares to transport crude oil to export markets in Bandar

Iran has little to gain from Oman tanker attacks

Fingers will be pointed at Iran as the mastermind behind these events. But the potential benefits to the Gulf nation are outweighed by the risks.
Rouhani and Modi

Iran hopes new govt in India will resume oil purchases, says envoy Ali Chegeni

India, the second largest buyer of Iranian oil, halted imports from the country this month after a US deadline against continued crude trade kicked in.

The world can avoid stumbling into another war in the Middle East

The worry on which the world should focus is not a deliberate and overt Iranian attack, but a miscalculation that could spiral into war.
The flag of the Organization of Petroleum Exporting Countries (OPEC) | Photographer: Stefan Wermuth | Bloomberg

OPEC+ to grapple with Iran crisis as ministers meet in Jeddah

OPEC’s unity will be tested as Saudi Arabia moves to increase crude oil production, and, in the process, take away Iran’s customers.
Photo for Representation

US commerce secretary slams India for ‘restrictive’ market access, ‘unjustified’ tariffs

US Commerce Secretary Wilbur Ross, on a visit to New Delhi, said trade between the two countries is affected by a plethora of tariff and non-tariff barriers.
Rouhani and Modi

Inside India’s barrel of concerns: US sanctions, alternative to Iran oil and good old ties

There are a number of strategic reasons why India wants to continue buying Iranian oil in spite of other options available.
Illustration: Ramandeep Kaur | ThePrint

Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?

Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.