Tag: Iran
Gold Nears Six-Year High as Mideast Tensions Spur Haven Demand
(Bloomberg) --Gold neared a six-year high after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East...
Middle East Shipping Risks Seen Elevated Amid US-Iran Tensions
(Bloomberg) --The risk to shipping in one of the world’s key oil-producing regions is set to rise following a U.S. airstrike in Iraq that...
Muslim Nations Mull Barter System as Hedge on Sanctions: Report
(Bloomberg) --Malaysia’s prime minister floated the idea of a barter system for Islamic countries to protect their economies against potential future sanctions, Reuters reported.
Speaking...
OPEC’s flaring political crises add new risk for oil supplies
(Bloomberg) --OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are...
Iran claims to discover 53 billion barrels in new oil reserves
(Bloomberg) --Iran discovered an oil field containing the equivalent of 53 billion barrels, potentially boosting its reserves as the OPEC member struggles to overcome...
Four Cargo Ships Sabotaged Near UAE
(Bloomberg) -- Four commercial cargo vessels were subjected to sabotage attempts early on Sunday near the coast of the United Arab Emirates, an area...
Iran Court Tries 13 in $7 Billion Petrochemical Fraud Case: Mehr
The trial has started in an Iranian court for 13 petrochemical industry executives charged with embezzling 6.6 billion euros ($7.4 billion) in one of...
Rouhani Wants Iran’s Largest Pension Fund Manager Privatized
President Hassan Rouhani said the investment arm of Iran’s main social security provider must be privatized as part of a wider effort to scale...