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Speaker: US defeated in oil sanctions by Iran's astute moves
Iranian Parliament Speaker Ali Larijani underlined the US failure to reduce his country’s oil exports to zero, saying that Washington had been defeated by Iran’s smart moves.
Minister vows uninterrupted sale of Iran’s oil
Iran’s Oil Minister Bijan Namdar Zanganeh assured the country’s lawmakers on Tuesday that the export of oil would not come to a halt under any circumstances.
UK ‘piracy’ won’t go unanswered: Leader
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has denounced Britain’s illegal seizure of an Iranian oil tanker, warning that the act of “piracy” will not go unanswered.
Used cooking oil imports may boost deforestation
Imports of a ‘green fuel’ source may be inadvertently increasing deforestation and the demand for new palm oil, a study said.
Iran: Oil tanker seized by UK not bound for Syria
Iran’s Deputy Foreign Minister Abbas Araqchi Iran said an oil supertanker seized by Britain in Gibraltar was not carrying oil to Syria, denouncing the seizure as “maritime piracy.”
Bloomberg: Oil tanker bombed off UAE port shipping fuel to Iran
An oil tanker damaged in a bombing off the United Arab Emirates’ port of Fujairah in May is back in business. The ship’s first destination is Iran.
OPEC output hits new low as Saudi fails to offset losses in Iran, Venezuela
OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters survey found.
Envoy: Iran can act as protector of India’s energy security
Iran’s ambassador to India said he believes India will act in its national interests on the issue of oil imports and Tehran can act as a “protector” of India’s energy security.
US considering allowing China to import Iran oil
The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran, violating the Trump administration’s pledge to bring Iranian oil exports to zero.
MP: INSTEX should guarantee financial transactions for Iran’s crude sales
The Europe-proposed instrument in support of trade exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran’s crude revenues, an Iranian legislator said on Tuesday.
CBI says oil exports rising despite sanctions
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said on Wednesday that his country is restoring its position in the global oil market with increasing supply to its international customers through new methods.
Iran plans to direct more oil, condensate to domestic market: NIORDC
Iran plans to raise its current oil refining capacity by 250,000 bpd before next March, said the head of National Iranian Oil Refining and Distribution Company.

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