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  • Why the Iran deal is like the financial crisis Wednesday, 22 Jul 2015 | 12:31 PM ET
    Iranian President Hassan Rouhani.

    The Iran deal's American negotiators didn't heed the lessons of the financial crisis when they struck the nuclear accord, says Rabbi Benjamin Blech.

  • *Indian refiners owe Iran more than $6.5 billion. NEW DELHI, July 22- India's top financial official will visit Iran this weekend to discuss how to pay its oil import dues, sources said on Wednesday after the deal Tehran struck with world powers to curb its nuclear program in return for the lifting of sanctions. The rest was settled in rupees through UCO Bank and...

  • Washington Post seeks UN agency help in freeing reporter Wednesday, 22 Jul 2015 | 9:45 AM ET

    WASHINGTON— The Washington Post has filed an urgent petition with the United Nations in the hopes that the institution will pressure Iran to release journalist Jason Rezaian, the newspaper's top editor and lawyers told U.S. reporters on Wednesday. The Post's lawyers and his family have denied the allegations and say Iran has no credible evidence to keep...

  • Indian official to visit Iran to discuss oil dues Wednesday, 22 Jul 2015 | 8:37 AM ET

    NEW DELHI, July 22- India's top financial bureaucrat will visit Iran this weekend to discuss how to pay its oil import dues, sources said on Wednesday, after Tehran struck a deal with world powers to curb its nuclear program in return for the lifting of sanctions. Finance secretary Rajiv Mehrishi will lead a delegation to Iran from July 25-27, said three sources...

  • *$50/ bbl seen as pivotal point for U.S. crude. NEW YORK, July 21- Crude oil futures held on to gains after a volatile session that saw the U.S. front-month August contract expire and go off the board above $50 a barrel, with a weaker dollar providing support. Expectations of more Iranian supply following last week's agreement on Tehran's nuclear program and concerns...

  • *$50/ bbl pivotal point for U.S. crude. NEW YORK, July 21- Crude oil futures clung to gains in volatile trading as the U.S. front-month August contract headed to expiration on Tuesday, with the weaker dollar providing support. August contract set to expire and the weak equities are not helping either, "said John Kilduff, partner at Again Capital LLC in New York.

  • *French diplomats to brief top firms on Iran Tuesday. PARIS, July 21- France's hard line towards Iran in nuclear negotiations won't hurt its businesses once sanctions are lifted, Foreign Minister Laurent Fabius said on Tuesday before a trip to Tehran aimed at reviving relations. Despite a long history of commercial, political and social links with Iran- in the...

  • That oil glut is turning into a glut at the pump Tuesday, 21 Jul 2015 | 12:09 PM ET
    A customer prepares to fuel her vehicle at a Road Ranger gas station in Princeton, Illinois.

    With U.S. refineries running at record levels, the global oil glut is turning into a fuel glut.

  • LONDON/ HAMBURG, July 21- Importers in Iran snapped up more than 200,000 tonnes of corn and soybeans from South America in recent weeks, the first large grains purchases in months to bolster stocks, traders said on Tuesday. Tehran signed a nuclear deal with world powers last week but traders said Iran is unlikely to make large purchases of wheat in coming months...

  • Kerry says speech by Iran leader "very disturbing". A nuclear deal between Iran and the West that is likely to unleash more oil on a market where slowing Chinese growth and a faltering European recovery have eaten into demand and stripped almost 11 percent off the price of crude oil so far in July. They suggest implementing the Iran nuclear deal may not be as...

  • Downside risk ahead for oil, says this strategist Monday, 20 Jul 2015 | 6:20 PM ET
    Downside risk ahead for oil, says this strategist

    With a stronger dollar distorting the fundamentals, oil at $50 a barrel still faces downside risks, says John Licata, founder & chief energy strategist at Blue Phoenix Inc.

  • *U.S. stocks flat, Morgan Stanley leads earnings. NEW YORK, July 20- Gold prices plunged to their lowest in more than five years on Monday, at one point dropping by 4 percent, as the U.S. dollar hit a three-month high against a basket of major currencies on expectations U.S. interest rates are set to rise. "It was just a bit of a bear raid and there was nobody on the other side to...

  • TEHRAN, July 20- Germany and Iran moved tentatively on Monday towards reviving a once close trade relationship, anticipating the lifting of western economic sanctions against Tehran following a landmark nuclear deal. German exports to Iran hit 4.4 billion euros in 2005 but then slumped to 1.8 billion by 2013 as the West tightened the sanctions imposed over...

  • BRUSSELS, July 20- The European Union approved the Iran nuclear deal with world powers on Monday, a first step towards lifting Europe's economic sanctions against Tehran that the bloc hopes will send a signal that the U.S. Congress will follow. "It is a balanced deal that means Iran won't get an atomic bomb," said French Foreign Minister Laurent Fabius.

  • Monitoring Iran 'biggest worry': Robert Hormats Monday, 20 Jul 2015 | 7:07 AM ET
    Monitoring Iran 'biggest worry': Robert Hormats

    Robert Hormats, Kissinger Associates, shares his thoughts on the nuclear agreement between Iran and top global leaders.

  • BRUSSELS, July 20- The European Union will approve the Iran nuclear deal with world powers on Monday, a first step towards lifting Europe's economic sanctions against Tehran that the bloc hopes will send a signal that the U.S. Congress will follow. The EU will eventually lift its economic and financial sanctions and may reopen an EU delegation in Tehran, but will...

  • *European shares rise, reversing fall in Asia. LONDON, July 20- The dollar jumped to three-month highs on Monday, extending its recent run of gains as expectations of a U.S. rate rise gathered pace, while gold prices plunged to their lowest in more than five years. Greece- related fears continued to recede as the country's banks reopened for the first time in three...

  • Foreign investors try to tap into Iran Monday, 20 Jul 2015 | 1:00 AM ET

    LONDON/ NEW YORK, July 20- A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy. Brokerage Renaissance Capital predicts $1 billion will flow into Iran in the first year after sanctions end, although that is not...

  • Can Iran add million more barrels a day? Unlikely: Pro Monday, 20 Jul 2015 | 12:45 AM ET
    Can Iran add million more barrels a day? Unlikely: Pro

    Helima Croft, chief commodities strategist at RBC Capital Markets, explains why she doesn't think that Iran can add a million barrels to daily oil production after sanctions are lifted.

  • TEHRAN, July 19- German Vice Chancellor Sigmar Gabriel urged Iran at the start of a three-day visit to improve its relationship with Israel if it wanted to establish closer economic ties with Germany and other western powers. That puts Germany in a delicate position as it seeks to win new business in Iran after a 12- year standoff over Iran's nuclear programme...