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Iranian oil News

Op-Ed: US will not grant China waivers to buy Iranian oil after May 1

Washington - Officials in the Trump administration claim that China will not be given any time to "wind-down" purchase of Iranian oil nor any extension of waivers granted to it that expire on May 1.

Greek energy crisis could cause national power blackout in June

The head of the Greek Public Gas Corporation (DEPA) has warned the caretaker government that Greece could face a blackout by early June as it may be forced to shut down the gas supply to electricity producers.

US threatening India over Iran oil, penalties could be imposed

The US could impose sanctions on India if it fails to meet the American demand to cut oil imports from Iran. India continues to resist US pressure.

India to pay for Iranian oil with gold to avoid U.S. sanctions

Sidestepping U.S. imposed sanctions on Iran, India is planning to pay for Iranian oil in gold, with China considering following the move.

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