Asia Top News and Analysis Iran

  • Fereidun Fesharaki, founder and chairman of FACTS Global Energy, discusses how the oil market would react to U.S. sanctions against Iran.

  • Beirut, Lebanon

    On top of simmering regional turmoil and political gridlock as officials fight over the composition of their yet-unformed government, the numbers are warning that the country is headed for a banking crisis.

  • Sept 8- Iran will reimburse French oil and gas major Total for its investment in the South Pars natural gas field but not until phase 11 of the multibillion-dollar project becomes operational, Iranian Oil Minister Bijan Zanganeh said on Saturday. Total signed a contract in 2017 to develop phase 11 of the field with an initial investment of $1 billion, but it...

  • BASRA/ ERBIL, Iraq, Sept 7- Civil unrest fueled by anger against perceived corruption and misrule by Iraq's political elite intensified across the south of the country on Friday, as protesters stormed the Iranian consulate in Basra while others briefly took workers hostage at a nearby oilfield. After five days of deadly demonstrations in Basra in which...

  • GENEVA, Sept 7- Iran and Russia can work together to restrain America, Iran's Supreme Leader Ayatollah Ali Khamenei said in a meeting with Russian President Vladimir Putin on Friday, according to Fars News. Putin arrived in Tehran on Friday to attend a trilateral meeting with Iran and Turkey focused on the Syrian province of Idlib, the last stronghold of active...

  • US Secretary of State Mike Pompeo (L) looks on as the Indian Foreign Minister Sushma Swaraj (R) present statements to the media following a meeting in New Delhi on September 6, 2018. Indraneel Chowdhury | NurPhoto | Getty Images

    As the world's third-largest oil importer and the second-largest buyer of Iranian crude after China, complying with U.S. sanctions will require India to find new sources of crude at a higher cost. 

  • The presidents of Iran, Turkey and Russia are meeting in Tehran on Friday to discuss Syria. Ali Wyne of Rand Corporation weighs in.

  • *OPEC expects oil demand to hit 100 mln bpd this year. NEW YORK, Sept 6- Crude futures reversed course, falling more 1 percent on Thursday after U.S. data showed gasoline inventories rose unexpectedly last week, overshadowing a bullish drawdown in crude. "The slow climb back of crude oil levels at Cushing is somewhat bearish, and the absence of Chinese buyers of U.S....

  • *OPEC expects oil demand to hit 100 mln bpd this year. "The headline crude number has been offset by the products," said Bill Baruch, president of Blue Line Futures in Chicago. U.S. crude traded down $1.00 at $67.72 a barrel by 11:29 a.m. EDT.

  • *OPEC expects oil demand to hit 100 mln bpd this year. Emerging market stocks, bonds and currencies have plunged in recent weeks in response to financial crises in the likes of Turkey, South Africa and Venezuela. Brent crude futures were up 38 cents at $77.65 a barrel by 1420 GMT, still short of Tuesday's high near $80.

  • *OPEC expects oil demand to hit 100 mln bpd this year. LONDON, Sept 6- Oil rose on Thursday, encouraged by a weaker dollar and evidence of strong U.S. fuel demand, though demand prospects remain clouded by the turmoil engulfing emerging markets and an escalation in the U.S. trade dispute with China. Emerging market stocks, bonds and currencies have plunged in recent...

  • *OPEC expects oil demand to hit 100 mln bpd this year. LONDON, Sept 6- Oil rose on Thursday, encouraged by a weaker dollar and evidence of strong U.S. fuel demand, though demand prospects remain clouded by the turmoil engulfing emerging markets and an escalation in the U.S. trade dispute with China. Emerging market stocks, bonds and currencies have plunged in recent...

  • NEW DELHI, Sept 6- India and the United States signed an accord on secure military communications that both sides hailed as a breakthrough on Thursday, possibly opening the way for sales of sensitive U.S. military equipment to India. Before coming to India, Pompeo held talks in Islamabad with Pakistan's new government and generals, aiming to smooth over tensions...

  • Sheryl Sandberg, chief operating officer of Facebook Inc., left, listens during a Senate Intelligence Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 5, 2018.

    "In software, bugs are accepted. You have a bug, no big deal, we'll fix it in the next release. With a media platform, like this, there is no room for bugs," cybersecurity expert Raj Goel said.

  • Sheryl Sandberg, Facebook COO, and Jack Dorsey, Twitter CEO, arrive to testify before a Senate Intelligence Committee hearing in Dirksen Building on the influence of foreign operations on social media on September 5, 2018. 

    The digital giants have all been ramping up detection efforts in light of widespread misinformation campaigns by foreign actors during the 2016 presidential election.

  • Aramco (Saudi national oil company) offshore oil rig 'Marjan 2' in the Persian Gulf.

    Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world's biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until U.S. congressional elections, OPEC and industry sources said.

  • NEW YORK, Sept 4- Oil prices were little changed on Tuesday, as energy infrastructure on the U.S. Gulf Coast braced for a hurricane, but gains were capped as a stronger dollar and report of rising stockpiles at the Cushing, Oklahoma hub weighed. West Texas Intermediate crude futures rose 7 cents to settle at $69.87 a barrel after earlier hitting a session high of...

  • *India and China to buy Iranian crude despite U.S. sanctions. LONDON, Sept 4- Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. U.S. light crude rose $1.60 a barrel from Friday's close to a peak of $71.40, its highest since mid-July, before easing slightly to around $71.15 by 1140 GMT.

  • *India and China to buy Iranian crude despite U.S. sanctions. LONDON, Sept 4- Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. Investors anticipate less supply from Iran as U.S. sanctions on Tehran begin to bite.

  • LONDON, Sept 4- Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. U.S. light crude rose $1.31 a barrel from Friday's close to a peak of $71.11, its highest since mid-July, before easing to around $71.00, up $1.20, by 0900 GMT. Investors anticipate less supply from Iran as U.S. sanctions on Tehran...