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Asia Top News and Analysis Iran

  • President Donald Trump has repeatedly called Iran the most destabilizing force in the Middle East, pointing to armed groups the country supports in Lebanon, Syria, Iraq and Yemen. Pompeo said the punishing sanctions were aimed at depriving Iran of the resources to "continue to foment terror and malign activity around the world. While Germany, France and Britain...

  • Secretary of the Treasury Steven Mnuchin testifies to the House Financial Services hearing on state of the international financial system on Capitol Hill in Washington, July 12, 2018. 

    U.S. Treasury Secretary Steven Mnunchin said that the United States will consider waivers for countries that need more time to wind down their Iran oil imports as the U.S. reimposes sanctions on Tehran.

  • WASHINGTON, July 16- The United States wants to avoid disrupting global oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries which need more time to wind down their oil imports from Iran, U.S. The Trump administration is pushing countries to cut all imports of Iranian oil from November when the United...

  • China's President Xi Jinping

    The European Union opens an annual meeting with China on Monday, looking to fend off overtures for an anti-U.S. alliance as China seeks a European counterbalance to U.S. tariffs.

  • *H1 oil imports from Iran drop 33.9 pct on year to 6.13 mln T. *S.Korea buyers cut Iran oil purchases ahead of U.S. sanctions. SEOUL, July 15- South Korea's imports of Iranian oil fell 40.3 percent in June from the same month a year ago to their lowest since January 2015, as the country's buyers' slashed purchases ahead of the reimposition of U.S. sanctions targeting Iran.

  • *U.S. sanctions prompting firms to wind down Iran business. European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business as the United States reimposes sanctions on insurance and reinsurance from Nov. 4 after withdrawing from a nuclear deal with Iran in May. Lloyd's of London and other European insurers provided marine,...

  • Street mural in Brooklyn depicts President Trump in Russian President Putin's hand

    The world's largest nation by size stands to benefit, both economically and politically, from a denuclearized North Korea.

  • Iran's OPEC governor also told Reuters the rise in oil output by OPEC and its allies, after pressure by Trump to do so, was only 170,000 barrels per day in June and would not grow much in 2019, also weighing on economic growth. While Trump has accused the Organization of the Petroleum Exporting Countries of driving up oil prices, Iran, OPEC's third-largest producer,...

  • NEW DELHI, July 12- Iran will do its best to ensure security of oil supply to India by offering "flexible measures" to boost bilateral trade, a statement from Tehran's embassy in New Delhi said. Iran is the third-biggest oil supplier to India and has offered refiners incentives including almost-free shipping and an enhanced credit period on oil sales.

  • *MUFG to halt all Iran- related trades by Nov. 4- document. TOKYO, July 12- Japanese banks are moving to stop handling all Iran- related transactions to meet a November deadline set by the United States, after President Donald Trump in May pulled out of a nuclear program agreement with Tehran. Japan's biggest bank, Mitsubishi UFJ Financial Group Inc, will halt all Iran...

  • *MUFG to halt all Iran- related trades by Nov. 4- document. TOKYO, July 12- Japanese banks are moving to stop handling all Iran- related transactions to meet a November deadline set by the United States, after President Donald Trump in May pulled out of a nuclear program agreement with Tehran. Japan's biggest bank, Mitsubishi UFJ Financial Group Inc, will halt all Iran...

  • DUBAI, July 12- The United States and the United Arab Emirates have broken up a network funnelling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard currency in the region, a senior U.S. official said on Thursday. Currency exchanges had used the UAE financial system to transfer cash out of Iran and convert it into U.S....

  • TOKYO, July 12- Japan's biggest bank, Mitsubishi UFJ Financial Group Inc, will halt all Iran- related transactions to comply with the reimposition of U.S. sanctions against Tehran later this year, according to a document seen by Reuters on Thursday. President Donald Trump in May withdrew the United States from a multi-party deal on Iran's nuclear programme and...

  • Outlined below are previous confrontations in the Gulf involving Iran, the military capabilities of the various parties and the diplomatic context of the latest threats:. Iran cannot legally close the waterway unilaterally because part of it is in Omans territorial waters. A year earlier, Iran fired shots at a Singapore- flagged tanker which it said damaged an...

  • Outlined below are previous confrontations in the Gulf involving Iran, the military capabilities of the various parties and the diplomatic context of the latest threats:. Iran cannot legally close the waterway unilaterally because part of it is in Omans territorial waters. A year earlier, Iran fired shots at a Singapore- flagged tanker which it said damaged an...

  • Outlined below are previous confrontations in the Gulf involving Iran, the military capabilities of the various parties and the diplomatic context of the latest threats:. Iran cannot legally close the waterway unilaterally because part of it is in Omans territorial waters. A year earlier, Iran fired shots at a Singapore- flagged tanker which it said damaged an...

  • Outlined below are previous confrontations in the Gulf involving Iran, the military capabilities of the various parties and the diplomatic context of the latest threats:. Iran cannot legally close the waterway unilaterally because part of it is in Omans territorial waters. A year earlier, Iran fired shots at a Singapore- flagged tanker which it said damaged an...

  • Outlined below are previous confrontations in the Gulf involving Iran, the military capabilities of the various parties and the diplomatic context of the latest threats:. Iran cannot legally close the waterway unilaterally because part of it is in Omans territorial waters. A year earlier, Iran fired shots at a Singapore- flagged tanker which it said damaged an...

  • *U.S. could also consider waivers on sanctions against Iran. NEW YORK, July 11- Oil futures pared losses briefly Wednesday after U.S. crude inventories fell the most in nearly two years, before trading lower in a volatile session in which supplies from Libya and Iran were expected to increase. "In spite of the extraordinary draw in crude oil inventories, the market is...

  • *U.S. could also consider waivers on sanctions against Iran. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals. Brent crude fell $2.10, or 2.7 percent, to a low of $76.76 before recovering slightly to $77.20, down $1.66, by 1325 GMT.