The US and five other major powers are closer than ever to a deal with Iran that would end a 12-year-old standoff over Tehran's nuclear program, though more tough negotiations lie ahead, US Secretary of State John Kerry said on Monday.
Israel will take part as an observer in a major nuclear non-proliferation conference that opens at the United Nations on Monday, ending a 20-year absence in hope of fostering dialogue with Arab states, a senior Israeli official said.
Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices, the head of the US Energy Information Administration told US legislators.
"If and when sanctions are lifted, EIA
A compromise allowing the US Congress to vote on a nuclear deal with Tehran may prompt Iranian negotiators to drive a harder bargain, but does not drastically weaken President Barack Obama's ability to deliver on a final agreement.
World oil markets will not see a significant rise in Iranian supplies for up to five years even if the Opec member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Agen
Brent crude oil fell below $58 a barrel on Tuesday on signs of growing oversupply as Iranian officials visited Beijing to seek more oil sales after a framework nuclear deal that could lead to the lifting of sanctions.
China is Ira
The recent Iran nuclear deal will delay but eventually confirm the country’s future nuclear weapon capability as the deal allows Iran to use enhanced nuclear purification methods after the time period of 10 years, a report said.
Six world powers and Iran missed a Tuesday deadline to reach an outline accord reining in Tehran's nuclear programme, extending talks into an extra day as they edged toward a deal but failed to agree crucial details such as the lifting of U.
With a deadline hours away, Iran and six world powers ramped up the pace on Tuesday in negotiations over a preliminary deal on Tehran's nuclear programme, while officials cautioned that any agreement would likely be fragile and incomplete.
Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.
The two sides tried to break