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  • LONDON, July 15- Iran has big ambitions to increase oil and gas production once sanctions are lifted but a substantial increase in exports is probably years away. In contrast, Saudi Arabia, Iran's main rival, has raised liquids output from 8.6 million bpd in 1974 to 11.5 million bpd in 2014.. Sanctions imposed by the United States and the European Union amid...

  • UNITED NATIONS, July 15- The United Nations Security Council is likely to vote next week on a resolution to endorse the Iran nuclear deal and terminate targeted sanctions, but retain an arms embargo and ballistic missile technology ban, diplomats said. Under a deal between Iran and major world powers in Vienna on Tuesday, Iran agreed to long-term curbs on a...

  • Under a historic deal between Iran and major world powers in Vienna on Tuesday, Iran agreed to long-term curbs on a nuclear programme that the West suspected was aimed at creating an atomic bomb. In return, the United States, European Union and United Nations would lift sanctions on Iran. The five permanent veto-wielding members of the U.N. Security Council- the...

  • WASHINGTON, July 14- Within hours of the announcement of an Iran nuclear deal early on Tuesday, lawyers around Washington were fielding calls from U.S. corporate clients eager to know what the 159- page deal would mean for their business prospects. U.S. companies face losing out to foreign competitors in Iran as they wait for signs that Tuesday's historic...

  • ATHENS/ BRUSSELS, July 14- A secret International Monetary Fund study showed Greece needs far more debt relief than European governments have been willing to contemplate so far as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders. The IMF's stark warning on Greece's debt was leaked as Prime Minister Alexis...

  • Russia seeks gains to ease possible pain from Iran deal Tuesday, 14 Jul 2015 | 12:24 PM ET

    *Russia wants arms, nuclear energy deals with Iran. MOSCOW, July 14- President Vladimir Putin urged the world to celebrate Tuesday's six-power nuclear deal with Iran, but the agreement carries risks for Russia because it could drive down oil prices. Unsurprisingly, the Kremlin chose to stress the positives from the deal, clinched after marathon talks in Vienna...

  • Unlike their existing partnership, under which Iran Khodro re-assembles older Peugeot models made in European plants, the new venture would manufacture cars from scratch using the French group's latest vehicle architectures and engines, Quemard said. Peugeot, the leading foreign player in Iran until sanctions were imposed in 2011, will face tougher...

  • ATHENS/ BRUSSELS, July 14- A secret International Monetary Fund study showed Greece needs far more debt relief than European governments have been willing to contemplate so far, as Germany heaped pressure on Athens on Tuesday to reform and win back its partners' trust. The study, seen by Reuters, said European countries would have to give Greece a 30- year grace...

  • PARIS, July 14- PSA Peugeot Citroen is in advanced talks over an Iranian carmaking venture with historic partner Iran Khodro and expects rapid progress following the diplomatic breakthrough lifting sanctions against the country, the French company said. The deal struck in Vienna between Iran and western powers "should clear the way for significant progress...

  • *Sanctions would "snap back" after 65 days if Iran violates deal. VIENNA, July 14- Iran and six major world powers reached a nuclear deal on Tuesday, capping more than a decade of negotiations with an agreement that could transform the Middle East. Under the deal, sanctions imposed by the United States, European Union and United Nations will be lifted in return for Iran...

  • *Brent crude slides nearly 2 percent after Iran nuclear deal. LONDON, July 14- Oil prices dropped, pushing commodity-linked shares and currencies lower on Tuesday, after Iran and six world powers reached a historic nuclear deal expected to increase the supply of Iranian crude on world markets. "Even with a historic deal, oil from Iran will take time to return, and...

  • ATHENS, July 14- Lawmakers from Greece's ruling Syriza party and their allies were arguing behind closed doors on Tuesday about whether to back sweeping reforms the government must ram through parliament as it races to meet the terms of an unpopular bailout deal. Having staved off financial meltdown with a new agreement from Greece's creditors, Prime...

  • *Sanctions would "snap back" after 65 days if Iran violates deal. VIENNA, July 14- Iran and six major world powers reached a nuclear deal on Tuesday, capping more than a decade of negotiations with an agreement that could transform the Middle East. Under the deal, sanctions imposed by the United States, European Union and United Nations will be lifted in return for Iran...

  • VIENNA- IRAN'S ZARIF SAYS TODAY IS A HISTORICAL DAY, NUCLEAR DEAL WITH POWERS HELPS BUILD CONFIDENCE.

  • WRAPUP 6-Iran, big powers clinch historic nuclear deal Tuesday, 14 Jul 2015 | 5:37 AM ET

    VIENNA, July 14- Iran and six major world powers reached a nuclear deal on Tuesday, capping more than a decade of negotiations with an agreement that could transform the Middle East, and which Israel called an "historic surrender." Under the deal, sanctions imposed by the United States, European Union and United Nations would be lifted in return for Iran agreeing...

  • LONDON, July 14- Oil prices dropped, pushing commodity-linked shares and currencies lower on Tuesday, after Iran and six world powers reached a historic nuclear deal expected to increase the supply of Iranian crude on world markets. But oil was the big mover, down nearly 2 percent, after Tuesday's deal, clinched in Vienna after more than a decade of on-off...

  • VIENNA, July 14- Iran and six major world powers have reached a nuclear deal after more than a decade of on-off negotiation, granting Tehran sanctions relief in exchange for curbs on its nuclear programme, Iranian diplomats said on Tuesday. The agreement aims to limit Iran's nuclear work for more than a decade in exchange for the gradual suspension of sanctions...

  • SINGAPORE, July 14- Oil prices tumbled more than a dollar on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness. Iran and six major powers have reached a historic nuclear deal, which will grant Tehran...

  • *Concluding meeting for Iran deal expected at 0800 GMT- media. *Iran would take many months to fully ramp up oil exports. SINGAPORE, July 14- Oil prices dipped on Tuesday as the market awaited a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase in its oil exports, while Asian economies showed new...

  • *Concluding meeting for Iran deal expected at 0800 GMT- media. *Iran would take many months to fully ramp up oil exports. SINGAPORE, July 14- Oil prices dipped early on Tuesday as the market awaited an announcement on a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase of its oil exports.