Iran Sanctions

US grants Iraq 45-day sanctions waiver allowing import of Iran gas before Joe Biden takes office

Previously, such waivers were granted for 120 days but the periods have now been reduced in what some view as part of Donald Trump’s effort to raise pressure on Iran

Donald Trump says there are 'many options short of war' with Iran, after US accuses Tehran of 'unquestionably sponsoring' Saudi Arabia attacks

Donald Trump said there were many options short of war with Iran after US ally Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites that was 'unquestionably sponsored' by Tehran

Days after Saudi Arabia oil attacks, Donald Trump orders US govt to 'substantially increase' Iran sanctions

The United States already enforces widespread sanctions that have crippled Iran's economy, including attempting to shut down its major oil export industry.

Iran shooting down US military drone highlights limitations of the unmanned aircraft, vulnerability to air defences

The loss of the US drone, coupled with attacks on tanker ships the US has blamed on Iran, has seen already-high tensions between the two countries spike further, raising fears of an unintended slide toward conflict that both sides have said they want to avoid.

Inflation may have crept up to six-month high at 2.97% in April driven mainly by food prices: Poll

While inflation is tame now, economists say that rising oil prices will eventually push inflation up and could pose a challenge for whatever government is formed after India’s national election is completed later this month.

US to sanction five countries, including India, for importing oil from Iran, say sources; Mike Pompeo to announce non-renewal of waivers today

The Trump administration is poised to tell five nations, including India, that they will face US sanctions if they keeping importing oil from Iran.

Rupee drops 44 paise to 70.90 against US dollar amid sharp sell-off in equities, strengthening greenback

On Wednesday, the rupee ticked higher by 3 paise to 70.46 against the US dollar.

Fuel rates continue to decline further due to fall in crude prices; OMCs, oil producers to get a breather

Friday is the is the 30th consecutive day when fuel prices have not been increased in the country

Oil prices stable as talk of OPEC output cuts supports, but soaring US production drags

Preventing oil prices from rising any further has been a relentless rise in US crude output, which hit a record 11.6 million bpd in the week ending 2 November

Donald Trump signs new Hezbollah sanctions bill, says all US sanctions on Iran to take full effect on 5 Nov

Trump said these sanctions will be followed up with even more sanctions to address the full range of Iran's "malign conduct". "