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Asia Top News and Analysis Iran

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  • *India may raise Iran oil imports if sanctions lifted. NEW DELHI, Aug 4- India's oil imports from Iran rose 2.4 percent in July from a year ago, with some of the shipments among the first after a landmark deal that will allow Tehran to boost its exports in return for curbing its disputed nuclear programme. July volumes were the lowest since India took no oil from Iran in...

  • DUBAI, Aug 2- Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday. "Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet," said Mohammad...

  • Turkish President Recep Tayyip Erdogan

    Turkey's bombing campaign in Syria and Iraq has diverted attention from "exploratory talks" for a new governing coalition. However, Turkey's president is almost certainly seeking to reassert himself as Turkey's de facto executive.

  • *OPEC output up more than 1.7 mln bpd since policy shift. LONDON, July 31- OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices. OPEC supply has risen in July to 32.01 million barrels per day...

  • Eric Cantor: Iran nuclear deal a 'disaster' Friday, 31 Jul 2015 | 7:35 AM ET
    Eric Cantor: Iran nuclear deal a 'disaster'

    Rep. Patrick McHenry, (R-N.C.), and Eric Cantor, Moelis & Co., vice chair, discuss the battle on Capitol Hill over the Iran nuclear deal.

  • Rep. McHenry: 'False premise' on Iran nuclear deal Friday, 31 Jul 2015 | 7:32 AM ET
    Rep. McHenry: 'False premise' on Iran nuclear deal

    Rep. Patrick McHenry, (R-N.C.), discusses the highly anticipated vote on the Iran nuclear deal. We don't have the votes right now to override a veto by President Obama, says McHenry, who thinks it's a bad agreement.

  • *Mogherini met Iran's Zarif in Tehran this week. BRUSSELS, July 31- The European Union should start high-level talks with Iran on energy and trade by the beginning of 2016, EU foreign policy chief Federica Mogherini told a closed-door meeting of EU policymakers. The day after a deal on Iran's nuclear program was sealed this month, Mogherini told the European...

  • With almost 80 million people and annual output of some $400 billion, Iran could be the biggest economy to rejoin the global trading and financial system since Russia emerged from the collapse of the Soviet Union more than two decades ago. Iran has already outlined plans to rebuild its main industries and trade relationships, saying last week it was targeting...

  • BEIJING, July 31- China's state oil giants are set to start pumping a combined 160,000 barrels a day at two projects in southwestern Iran from around October, company sources said, contributing to Tehran's plan to boost output ahead of sanctions being lifted. Chinese energy firms had earlier put on hold or slowed work on energy projects in Iran from late 2010,...

  • Iran is keen to recover market share that evaporated under U.S. and European Union sanctions designed to keep its exports at around 1 million bpd, down from 2.5 million bpd in 2011. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear program in return for the removal of U.S., U.N. and European sanctions.

  • *Russia, OPEC did not discuss coordination. *OPEC received no request for extraordinary meeting. Oil has dropped about 15 percent this month and halved in value in the past year but neither OPEC nor Russia, the world's top producer, have cut output to support prices, hoping cheaper oil will hit U.S. shale and other rival sources.

  • Lufthansa's Austrian ready to expand services to Iran Thursday, 30 Jul 2015 | 6:48 AM ET

    VIENNA, July 30- Lufthansa unit Austrian Airlines is ready to expand its services to Iran to include flights to Isfahan and Shiraz, as soon as a good opportunity presents itself, the Chief Financial Officer of the Austrian group said on Thursday. Austrian Airlines, Lufthansa's Vienna- based platform into Eastern Europe, already offers daily flights to Iran's...

  • PARIS, July 30- PSA Peugeot Citroen, previously the market leader in Iran, could find it more difficult to return to the country than fellow French car group Renault, Foreign Minister Laurent Fabius said after talks with Iranian leaders. Peugeot and Renault both enjoyed a strong position in the Iranian market before international sanctions on Tehran were...

  • DUBAI, July 29- On the first visit to Iran for 12 years by a French foreign minister, Laurent Fabius conveyed an invitation from President Francois Hollande to Iran's President Hassan Rouhani to visit France in November, Iranian media said. France hopes to secure business in Iran once Western sanctions are lifted under the nuclear deal, and Fabius said last week...

  • Peugeot has "developed proposals" with historic partner Iran Khodro, Tavares said, but progress is being hindered by a backlash over France's tough line during the talks preceding a July 14 breakthrough deal under which sanctions are to be lifted in return for curbs on Iranian nuclear activities. Hashem Yekke-Zare, managing director of Iran Khodro, said the...

  • BEIJING/ SINGAPORE, July 29- Any attempt by Iran to sell to China millions of barrels of ultra light crude built up in tankers over the last 2-1/ 2 years of sanctions is likely to be thwarted by poor refining margins and an outage at a major importer of the oil. Traders and company officials say Iran has little choice but to target China to buy the crude known as...

  • *U.S. crude for September delivery dropped 25 cents to $47.73 a barrel as of 0003 GMT, after ending the previous session up 59 cents. The contract fell 17 cents in the previous session, and at one hit $52.28, its lowest since Feb. 2 on concerns about the stock market plunge in China, the world's largest energy consumer. *European Union foreign policy chief Federica...

  • Is it time to buy oil? Tuesday, 28 Jul 2015 | 4:22 PM ET
    A file photo shows an Iranian worker at the South Pars field in the southern Iranian port town of Asaluyeh.

    The Iran nuclear deal could help stabilize oil prices and even give them a boost, says Nasdaq's Tamar Essner. But here's what has to happen first.

  • CNBC update: NFL upholds Tom Brady's suspension Tuesday, 28 Jul 2015 | 3:29 PM ET
    CNBC update: NFL upholds Tom Brady's suspension

    Representatives from 70 countries are meeting in Spain on counter-terrorism strategies, and NFL Commissioner Roger Goodell has upheld the 4 game suspension of Tom Brady, reports CNBC's Sue Herera.

  • Rep. Sherman: Critical part of Iran nuke deal is year 10

    Rep. Brad Sherman, (D-Calif.), shares his thoughts on the on the hotly debated nuclear deal with Iran.