Asia Top News and Analysis Iran

  • Workers harvesting oil palm fruits at an Indonesian plantation.

    Malaysian palm oil exporters have stopped supplying most of the 30,000 metric tons of the food staple Iran used to buy each month from the Southeast Asian producer as fresh Western financial curbs on Tehran stymie payment procedures, two trading sources said.

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    China is scouring the world for alternative oil supplies to replace a fall in its imports from Iran, as it seeks to negotiate lower prices from Tehran, and has been drawing heavily on Saudi Arabia.

  • Tensions in the Middle East Driving Oil Prices

    Discussing the geopolitical risk from the tensions in the Middle East, with Donald Drapkin, Casablanca Capital; Ian Bremmer, Eurasia Group, and Laurence Korb, former assistant Secretary of Defense.

  • Bob Dudley, the Executive Director of BP, arrives at their headquarters in St James's Square on July 26, 2010 in London, England.

    BP will continue its raised dividend policy on the back of higher profits for the oil company as long as oil prices continue their upward trajectory, the company's CEO Bob Dudley told CNBC Tuesday.

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    An "element of fear" over Iran is playing into the price of oil despite higher supply and decreasing demand, Saudi Prince Alwaleed bin Talal al Saud told CNBC Monday.

  • Tensions With Iran Escalate

    A look at Tehran's reponse to the Obama administration announcing new sanctions today against the defiant nation, with NBC's Ali Arouzi.

  • Iranian Flag

    Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt a European Union oil embargo that comes into effect in July may be only a symbolic one.

  • Iranian navy conducts the "Velayat-90" naval wargames in the Strait of Hormuz in southern Iran on January 1, 2012. Iran defiantly announced that it had tested a new missile and made an advance in its nuclear programme after the United States unleashed extra sanctions that sent its currency to a record low.

    A series of tit-for-tat statements between Iran and the European Union showed no signs of abating on Saturday, with the Iranian Oil Minister saying that oil exports “will certainly be cut to some European countries.”

  • Member of Iran's Revolutionary Guard

    An Iranian missile under construction, caught up in a mysterious blast in November, had a range of 6,000 miles, a senior Israeli official said Thursday in a speech outside Tel Aviv, the Christian Science Monitor reports.

  • Mitt Romney

    During his presidential campaign in 2007, Republican candidate Mitt Romney promised that a trust overseeing his financial portfolio would shed any investments that conflicted with GOP positions toward Iran, China, stem cell research and other issues.

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    Any decision by Iran to cut oil exports to the European Union will affect the price of oil and hurt the region's economy, OPEC Secretary General Abdalla Salem El-Badri told CNBC on Monday.

  • Gold

    Gold priced in euros broke above of key trend line Monday morning, as safe-haven buying and upward technical momentum continue to help the precious metal rally.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Iran’s parliament is to debate a “double-urgency bill” which would halt all oil exports to the European Union in response to expanded sanctions by the bloc.

  • Palace of the Republican Guard

    The Pentagon doesn’t know what happened to more than $100 million in cash held at Saddam Hussein’s palace in Baghdad during the Iraq war, according to a new report by the Special Inspector General for Iraq Reconstruction.

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    Despite reports suggesting that Iran is considering a halt to all oil exports to Europe as a response to European Union and US sanctions, the head of energy watchdog the International Energy Agency said that releasing reserves under its control is not something under consideration now.

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    Fed interest-rate plans hit the dollar and Iran reverses course - it's time for your FX Fix.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Iranian authorities have reacted to the decision by the European Union on an embargo by calling for an immediate halt to oil sales to the continent. In a statement on its website, the Iranian Oil Ministry described the European Union’s decision as “hasty” and “a political game”.

  • Showdown with Iran

    Helima Croft, Barclays Capital, discusses the geopolitical implications of the EU's oil embargo on Iranian imports, and the U.S. sanctions on Iran's third largest bank.

  • Norwegian flag

    Oil prices are on the move again, and these strategists say the Norwegian krone will benefit.

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    The Greek drama plays on and Iran and Russia go native - it's time for your FX Fix.