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  • Boeing's Iran deal

    CNBC's Phil LeBeau reports on Boeing selling approximately 120 planes to Iran.

  • *Iran central bank says 200 banks have established ties. *Supporting gradual rebound in Iran- Europe trade. But in the last few weeks, the officials and bankers say, Tehran has begun making a dent in its financial isolation by forging banking channels via small institutions, many of which do little or no business in the United States and so feel less legally exposed...

  • *Iran says has agreement with Boeing for new planes. DUBAI/ PARIS, June 14- Iran said it had reached an agreement with Boeing Co for the supply of jetliners on Tuesday, reopening the country's skies to new U.S. aircraft for the first time in decades under an international deal to ease sanctions. The sources said the agreement was so far only a broad outline of what a...

  • PARIS, June 14- Iran has reached a tentative understanding with U.S. planemaker Boeing that would see it acquire over 100 Boeing passenger jets under a deal between Tehran and world powers to ease sanctions, Western and Middle East sources said on Tuesday. The deal, which is so far only an outline of what a proposed future arrangement would look like, involves flag...

  • DUBAI/ PARIS, June 14- Iran has reached a deal to buy jetliners from U.S. planemaker Boeing, the country's minister of roads and urban development was quoted on Tuesday as saying. Reuters reported last week that Iran was edging towards a historic deal to buy jetliners from Boeing for the first time since the 1979 Islamic Revolution, potentially matching an order...

  • *Oil exports to Europe recover to near pre-sanctions level. TOKYO, June 14- Iran's oil exports are on track to hit the highest in almost 4 1/ 2 years in June, as shipments to Europe recover to near pre-sanctions level, according to a source with knowledge of the country's crude lifting plans. Before sanctions were enforced in mid-2012, Iran was exporting about 2.2...

  • LONDON, June 10- Importers in Iran have bought at least 250,000 tonnes of Brazilian raw sugar in the first purchases since international sanctions were lifted on Tehran in January, trade sources said on Friday. "Buyers in Iran have clubbed together to make up cargoes given tight financing," one source said. International measures against Iran- including banking...

  • LONDON, June 10- Importers in Iran have bought at least 250,000 tonnes of Brazilian raw sugar in the first purchases since international sanctions were lifted on Tehran earlier this year, trade sources said on Friday. International measures against Iran- including banking restrictions- were lifted in January as part of a deal with world powers under which...

  • BERLIN, June 9- Iran expects a row with Germany over unpaid state export guarantees to be resolved soon, its industry minister was quoted as saying in a German newspaper on Thursday, a step which would remove a big hurdle to reviving trade relations. Iran owes Germany about 500 million euros under so-called Hermes covers, a German government arrangement that...

  • ANKARA, June 8- Iran said on Wednesday it had stopped exports of liquefied petroleum gas to Japan, but there were other customers available to buy the Islamic republic's LPG, the semi-official Mehr news agency reported. Japan's official customs-cleared trade data showed it last imported Iranian LPG in February 2012, before tough Western sanctions on tanker...

  • Some of the factors driving oil higher may be fleeting, and crude is widely expected to come off current levels. But strategists say the charts are telling another story.

  • MOSCOW, June 8- Royal Dutch Shell has resumed purchases of Iranian crude, becoming the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions, trading sources said and ship tracking data showed. Tehran's re-entry to the oil market has heightened tensions with arch-rival Saudi Arabia and attempts by OPEC to concoct a...

  • ANKARA, June 8- Iran said on Wednesday it had stopped exports of liquefied petroleum gas to Japan, but there were other customers available to buy the Islamic republic's LPG, the semi-official Mehr news agency reported. "There are no limitations for the exports of the LPG in the post-sanction era... a myriad of customers are calling for Iran's LPG to the extent that...

  • Beirut, Lebanon

    Lebanon's politics might be in a mess but the country's central bank is determined to maintain the country's financial stability, its governor said.

  • ATHENS, June 6- Moves by China to stockpile oil are providing a further boost to the tanker shipping market which is already buoyant due to global bargain-hunting caused by lower crude prices, shipowners said on Monday. China is expected to add 70-90 million barrels to its strategic crude oil purchases in 2016 as it takes advantage of low prices, a Reuters survey...

  • DUBLIN, June 6- Iranair is discussing a historic aircraft purchase with Boeing, potentially matching an order for over 100 jets from Airbus, but obstacles to both deals need to be resolved so that last year's accord to lift sanctions can be honored, its chairman said. The Iranian flag carrier is also talking to Boeing about providing support for its aging fleet...

  • ISTANBUL, June 4- Turkish energy company Unit International has reached a $4.2 billion deal with Iran's energy ministry to build seven natural gas power plants there, in what it said was the biggest investment in Iran since the lifting of sanctions. The United States, European Union and United Nations lifted most sanctions on Iran in January under a deal with...

  • *Trade to Iran down at Russian port after end of sanctions. ASTRAKHAN, Russia, June 3- When sanctions on Iran were lifted in January, Russia might have expected to be near the front of the queue for business opportunities. On the evidence of the commerce passing through the Caspian Sea port of Astrakhan, the main jumping-off point for Russian sea-borne trade with...

  • *In his first OPEC meeting, Falih pledges "no shocks". *Saudi energy minister says OPEC has role in balancing markets. Intense diplomacy by the soft-spoken Falih at his first OPEC meeting- with his speech peppered by words such as "gentle approach," "no shocks" and "consensus"- has persuaded Alekperov that OPEC is more alive than dead.

  • OPEC headquarters in Vienna, Austria.

    OPEC ministers ended their meeting Thursday without a production agreement, but with plenty of talk of unity, something that could fade fast if oil prices crumble again.