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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 ban on covert Iran oil shipping networkThe United States slapped financial sanctions on a Greek businessman it says secretly operated a shipping network on behalf of the Iranian government to get around international sanctions on the country's sale of oil. More… |
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Turkey to Iran gold trade wiped out by US sanctionTighter US sanctions are killing off Turkey's gold-for-gas trade with Iran and have stopped state-owned lender Halkbank from processing other nations' energy payments to the Opec oil producer, bankers. US officials have so More… |
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StanChart row: fact or fiction?It was in October 2006 that a senior executive at Standard Chartered in New York pressed the alarm bell over the bank's dealings with Iranian customers. Realizing the bank was being too slow More… |
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China's ZTE 'planned US computer sale to Iran'China's ZTE Corp, which recently sold Iran's largest telecommunications firm a powerful surveillance system, later agreed to ship to Iran millions of dollars worth of embargoed US computer equipment, a Reuters report said. The American com More… |
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Iran supply cut will push oil up 30pc warns IMFSupply disruptions from Iran could push global crude prices by up to 30 per cent from the current levels, IMF chief Christine Lagarde warned today. "If there was for instance a major shortage of export of oil from Iran, it will certainly d More… |
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Iran conflict risk growing warns OmanOman, located strategically on the opposite side of the Strait of Hormuz from Iran, said the risk of military conflict between Tehran and the West was rising but there was still plenty of opportunity to negotiate peace. Iran has repeatedly More… |
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Major UAE exchange houses halt Iran rial tradeMajor money exchange houses in the UAE have stopped handling Iranian rials over the last several weeks, executives at the houses said, further reducing Iran's ability to trade and obtain hard currency. Since late last year, Iran has largel More… |
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Saudi Arabia vows to fill any oil supply gapTop oil exporter Saudi Arabia stands ready to fill any oil supply gap - "perceived or real" - as oil prices rally on fears of a potential loss of Iranian output. "Today the oil market is generally balanced and there is ample production and More… |
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Iran oil curbs 'may revive tanker rates'A rush to replace Iranian crude with oil from other suppliers due to sanctions against Iran could breathe some life back into the very large crude carrier (VLCC) market this year, the head of a Dubai-based tanker owner said. "If you look f More… |
