Iranian crude oil production is likely to increase in 2016 but will take years to reach its previous peak, Fitch Ratings says in a statement issued today. Iran exports 1.1 million barrels a day (b/d) now compared with around 2.5 million…
Day: July 14, 2015
Sanctioning Iran into capitulation is “fantasy”: Kerry
US secretary of state John Kerry said in a statement today that applying sanctions to Iran until it capitulated, the strategy urged by Israel and the Republican majority in congress, was an impractical approach. “I will tell you, sanctioning Iran…
US congress critical to timing of lifting of Iran sanctions
US Congress, which is dominated by opponents of President Obama’s Iran policy, will not be able to block but will definitely slow the lifting of US, UN and EU Sanctions on the Islamic republic, analysts say. The joint comprehensive plan…
The next steps to the end of Iranian sanctions
The joint comprehensive plan of action (JCPOA) agreed today by Iran and the West involves further steps that will have to be completed before UN, US and EU sanctions are lifted: Today’s agreement is deemed to be finalisation day. This…