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Asia Top News and Analysis Iran


  • Iran: G8 to Blame for High Oil Price Wednesday, 9 Jul 2008 | 7:30 AM ET

    Iran's OPEC governor said on Wednesday the oil market was saturated and blamed policies of the Group of Eight (G8) rich countries for a price surge, the state broadcaster reported on its website.

  • Iran Tests Missiles, Says Could Reach Israel, US Bases Wednesday, 9 Jul 2008 | 7:18 AM ET

    Iran test fired nine long- and medium-range missiles on Wednesday, state media said, including one which it has said could reach Israel and U.S. bases in the region.

  • Military Move Would Push Oil Price Sharply Up: Iran Saturday, 5 Jul 2008 | 12:17 PM ET

    Iran's oil minister said any military attack aimed at curbing Tehran's nuclear work will push crude prices to "unpredictable" highs, the website of the country's Oil Ministry reported on Saturday.

  • Eni CEO Sees Oil Prices Rising Further: Paper Wednesday, 2 Jul 2008 | 3:53 AM ET

    Record-high international oil prices will keep rising until Western countries rein in their demand, Paolo Scaroni, chief executive of Italy's biggest oil and gas company Eni, was quoted as saying on Wednesday.

  • Saudi and China Make Biggest Impact On Oil Friday, 20 Jun 2008 | 4:35 PM ET
    Saudi Arabia

    Washington has been talking tough on oil prices on several fronts, calling for new trading regulations on speculators and reopening offshore oil drilling. But it's successful jawboning two of our major allies that seems to have had the biggest impact on prices this week.

  • Understanding “Speculators” Friday, 20 Jun 2008 | 11:14 AM ET

    The stock market plunged 170 points this morning and oil jumped over $3, allegedly based on a New York Times story that Israel is carrying out military exercises as a rehearsal to bombing Iran. But actually, the Times story, written by the very able war correspondent Michael R. Gordon, is talking about Israeli training exercises from early June, not now.

  • World oil producers and consumers should work on removing sanctions and soothing Middle East security fears to boost investment in new production capacity, Iran's OPEC governor said on Friday.

  • Regulators Moving to Curb Speculative Oil Trading Tuesday, 17 Jun 2008 | 11:13 AM ET
    Traders buy and sell crude oil futures contracts at the New York Mercantile Exchange.

    Federal regulators said they will place stricter limits on foreign exchanges that trade U.S. oil as concerns continue to grow about the role of speculation in rising fuel prices.

  • Oil Refinery

    The market is full of oil and the rising price trend is "fake and imposed," Iran's president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.

  • It's Supply, Not Speculation Friday, 6 Jun 2008 | 6:25 PM ET

    Tough talk today between Israel and other nations could be another reason behind oil’s surge. Get the international perspective from Tim Seymour!

  • oil_new_3.jpg

    Oil jumped nearly $11 to a record $138.54 a barrel Friday on the slumping US dollar and rising tensions between Israel and Iran.

  • Iran, Stormy Weather Back On Trader's Radar Monday, 2 Jun 2008 | 2:21 PM ET

    According to what's billed as an "Exclusive" on the Jerusalem-based English-language website, DEBKA, the Bush Administration is "closer than ever before to ordering a limited missile air bombardment" on some Iranian Revolutionary Guard installations.

  • Oil Prices End Down at $124.12 Thursday, 15 May 2008 | 5:21 PM ET

    Oil prices fell Thursday as a big increase in U.S. natural gas stocks weighed on the energy complex, spurring profit-taking from recent highs.

  • Oil Prices End Down Near $124 as U.S. Supply Rises Wednesday, 14 May 2008 | 3:33 PM ET

    U.S. light, sweet crude for June delivery fell $1.58 to settle at $124.22 a barrel Wednesday on the New York Mercantile Exchange.

  • Oil Prices Finish Volatile Day Just Below $126 Tuesday, 13 May 2008 | 1:07 PM ET

    Oil prices didn't set a Nymex closing record Tuesday, but they came very close.

  • Iran Rejects Incentives for Nuclear Halt Monday, 5 May 2008 | 7:25 AM ET
    Nuclear Power Plant

    Iran said on Monday it would not consider any incentives offered by world powers that violated its right to nuclear technology, ruling out a precondition that it suspend uranium enrichment.

  • Iran Sees No Need for OPEC Oil Output Hike: Report Tuesday, 29 Jan 2008 | 3:51 AM ET

    Iranian Oil Minister Gholamhossein Nozari said in remarks published on Tuesday that the market was sufficiently supplied with crude and he saw no need for OPEC to raise production.

  • Iran Official: Crude Oil Supply Sufficient Thursday, 3 Jan 2008 | 3:03 AM ET

    A senior Iranian oil official said on Thursday there was "enough" supply in the market at this time and blamed the high crude price on excessive liquidity in financial markets.

  • Turkmenistan Stops Gas Exports to Iran Monday, 31 Dec 2007 | 9:36 AM ET

    Turkmenistan has stopped natural gas exports to Iran, causing winter shortages in some parts of its neighbour, Iranian officials said on Monday.

  • Iran, China's Sinopec Sign Oil-Field Deal Sunday, 9 Dec 2007 | 6:51 PM ET
    Oil Refinery

    Iran said China's Sinopec would invest around $2 billion under a deal signed on Sunday to develop the huge Yadavaran oil field, the kind of energy deal the United States has been trying to prevent.