Japan relies on Iranian oil, to talk to US about it: Minister

Japan says it relies on crude imports from Iran and seeks to hold talks with the United States about the matter to keep its energy supply steady, amid ongoing attempts by Washington to curtail Iran’s oil sales and punish third countries that buy Iranian crude.

Salehi warns of ominous fallout if Iran nuclear deal breaks down

Ali Akbar Salehi, the head of the Atomic Energy Organization of Iran, on Monday warned the European Union of ominous consequences if it did not follow through with action to keep the economic benefits of the 2015 nuclear agreement alive.

By Payman Yazdani

Driving Iranian oil export to zero in short term is not easy: Energy expert

TEHRAN - Touching upon the importance of oil market stability for the U.S., senior energy expert Omid Shokri says it is not easy to drive Iran’s oil export to zero in short term.

Iranian oil armada heads to China ahead of U.S. sanctions

An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before U.S. sanctions on Iran take effect, according to an Iranian shipping source and data on Refinitiv Eikon.

U.S. cannot zero out Iranian oil export: OPEC governor

TEHRAN - Iran’s OPEC governor Hossein Kazempour Ardebili has said the country’s rival producers cannot make up for the shortfall resulted from a complete halt in Iranian oil exports, Reuters reported on Friday.

By M.A. saki

Can sanctions force Iran to capitalize on its talents?

The reintroduction of illegal and unilateral sanctions against Iran by the Trump administration is frightening away major companies from the Iranian market.

China will continue buying Iranian oil despite U.S. sanctions: CPCIF

TEHRAN – The director of the International Cooperation Department at China Petroleum and Chemical Industry Federation (CPCIF) said that China will continue importing Iranian oil despite U.S. sanctions, IRNA reported on Monday.

Iranian oil exports to China, India surge in July despite U.S. sanctions

TEHRAN – Iranian crude oil loadings to China and India increased significantly in July compared to the previous month despite U.S. threats, a Platts survey showed. According to Platts data, Shipments to china were 799,452 barrels per day (bpd) in July, up from 722,100 bpd in June.