Oil prices are only set to tumble further now that a nuclear deal has been struck with Iran, an analyst has warned.
Energy expert and researcher Leheb Abdul Wahab told the Gulf Daily News, our sister publication, that lif
The UN Security Council on Monday backed Iran's nuclear agreement with world powers but the Islamic Republic's Revolutionary Guards attacked the resolution, underlining powerful opposition to the deal.
US President Barack
Alex Helmi, surrounded by Persian carpets stacked waist-high at his store in the so-called Persian Square section of Los Angeles, US, has been blocked from importing rugs from Iran since the US imposed sanctions in 2010.
Oil prices dipped early on Tuesday as the market awaited an announcement on a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase of its oil exports.
Iran and six world powers were close to nailing down a historic nuclear deal that would bring sanctions relief in exchange for curbs on Tehran's atomic programme, but the Iranian foreign minister said no agreement would be announced on Sunda
An Iran nuclear deal is not likely by June 30 because technical details will remain to defined and Iran will not get sanctions relief before the end of the year in the best of cases, western ambassadors said on Tuesday.
President Barack Obama assured Americans on Saturday that a newly negotiated framework for a nuclear pact with Iran was a "good deal" as he sought public support for a diplomatic breakthrough that many in Congress oppose.
Iranian investment banker Ramin Rabii says he shouted in joy when he learned that Tehran and world powers had reached a deal which promises to lift economic sanctions on Iran. Then he called colleagues to discuss the business implications.
US Secretary of State John Kerry met Saudi Arabia's king and Gulf Arab foreign ministers in Riyadh on Thursday to reassure them that a possible nuclear deal with old adversary Iran would not damage their interests.
Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear activity for a landmark atomic deal to be reached, but the odds are still against sealing a final agreement, US President Barack Obama told Reuters on Monday.