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Gulf naval drill highlights mine risk to shippingA major international naval drill being conducted in the Gulf has highlighted real concerns about the potential risk to global shipping from mines planted at sea, a report said. Military chiefs have been quick to play down suggest More… |
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Iran to boost diesel exports to IraqIran will more than double its diesel exports to Iraq thanks to higher capacity at its refineries, a leading oil official said. Trade relations between the two former enemies have improved markedly over the last few years, with bi More… |
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US must stop 'Iranian plot against Bahrain'It is in America's strategic interest to help Bahrain as it battles an Iranian plot to destabilise the kingdom, said former US representative Dan Burton. Bahrain is threatened by Iranian agents who are working with protest lea More… |
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US to rigorously enforce gold ban on IranThe US will rigorously enforce "without fear or fail" sanctions starting on July 1 that ban governments or private companies from selling gold to Iran, a top Treasury official said. More… |
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US blacklists two UAE companiesThe US has blacklisted two Dubai-based trading companies, accusing them of helping Iran evade financial sanctions and effectively cutting them off from the US financial system. More… |
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Dubai non-oil trade jumps to $88.6bn in Q1Dubai's non-oil trade jumped 16 percent in the first quarter and recovery in the emirate's property sector will help keep the pace up this year despite a plunge in trade with Iran and glob More… |
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Ex-president Rafsanjani joins Iran election raceFormer president Akbar Hashemi Rafsanjani threw himself into Iran's election race on Saturday as a flurry of heavyweight candidates rushed to beat the registration deadline in the most unpredictable contest for decades. Irania More… |
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US blacklists firms for evading Iran oil sanctionsThe US has blacklisted two companies it says helped Iran evade sanctions on oil sales and slapped penalties on four Tehran-based firms it says helped the Islamic Republic enrich uranium, the latest efforts to pressure Iran's nuclear program. More… |
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Regional powers 'must give up nuclear ambitions'Regional powers including Iran, India, Israel and Pakistan must give up their nuclear ambitions and take steps to engage in a process to eliminate nuclear weapons, said a leading expert. "That will ensure Iran will not feel t More… |
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Iran woos Indian firms with sweeter oil dealsIran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector suffering from tight Western sanctions. More… |
