A US safety firm has cancelled environmental and safety classification of two tankers following accusations that they had shipped cargoes of Iranian oil.
A US safety firm has cancelled environmental and safety classification of two tankers following accusations that they had shipped cargoes of Iranian oil.
"US sanctions on Iran have harmed his country’s economy," South Korean ambassador Yun Kang-hyeo told ILNA.
The United States is weighing new sanctions on Iran’s oil sales to China as a way to pressure Tehran to commit to a nuclear deal, sources familiar with the matter told The Wall Street Journal (WSJ) on Monday.
Brent crude oil prices fell more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran.
Iran increased oil output in February by 36,100 barrels per day (b/d), month-to-month, bringing it to 3.814 mb/d, OPEC reported Mar. 14.
Moscow and Tehran may agree the terms of Russia’s purchases of 100,000 barrels of Iranian oil per day in the nearest future which amounts to about 5 million tons of oil per year, Russia’s Energy Minister Alexander Novak said on the sidelines of CERAWeek conference on Tuesday, TASS reported.