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oil

Obama faces tough call on Iran oil sanctions

Just weeks after the election, President Barack Obama will be faced with a pivotal decision on oil sanctions on Iran, in which he will have to balance the need to stay tough on Tehran without pushing oil prices too high.

Khamenei dismisses sanctions, says Iran stronger than ever

Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday dismissed harsher sanctions imposed on Iran this month over its disputed nuclear activity, saying the country was \”100 times stronger\” than before.

Iran threatens Israel; new EU sanctions take force

Iran announced missile tests on Sunday and threatened to wipe Israel \”off the face of the earth\” if the Jewish state attacked it, brandishing some of its starkest threats on the day Europe began enforcing an oil embargo and harsh new sanctions.

US Senate Republicans block Iran sanctions vote

U.S. Senate Republicans blocked legislation for new economic sanctions on Iran\’s oil sector on Thursday saying they needed more time to study the bill, a surprise move that drew anger from Democrats who wanted approval ahead of nuclear talks next week.

Oil drilling near Haifa halted

Oil drilling in the Mediterranean Sea off the coast of Haifa was frozen as the investment partners prepare to put a new oil rig in place.

Egypt ends gas deal with Israel, stakeholder says

Egypt\’s energy companies have terminated a long-term deal to supply Israel with gas after the cross-border pipeline sustained months of sabotage since a revolt last year, a stakeholder in the deal said on Sunday.

Israel takes concerns about Iran to key partner China

Israel on Friday took its concern about Iran\’s nuclear programme to one of Iran\’s main partners, China, and hinted it could launch a preemptive attack on the Islamic Republic despite repeated calls by China to allow diplomacy to take its course.

Iran boasts nuclear advances, deepening standoff

Iran proclaimed advances in nuclear know-how on Wednesday, including new centrifuges able to enrich uranium much faster, a move that may hasten a drift towards confrontation with the West over suspicions it is seeking the means to make atomic bombs.

Iran shrugs off latest U.S. sanctions, trade suffers

Iran castigated its U.S. adversary on Tuesday over new financial measures to disrupt Iranian commerce, and a default on payment for rice purchases highlighted the encroachment of sanctions on the staples of everyday life.

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