After several weeks of violent protests across France, particularly those in Paris which turned the capital into a battle zone, President Emmanuel Macron finally buckled and announced his government will suspend a controversial fuel duty rise.
Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that determines production cuts in order to help regulate prices.
A group of Iranian villagers have managed to make money by generating electricity from solar panels provided by a charity foundation.
The Champs-Élysées Avenue in Paris seemed more like the Gaza Strip on Saturday as French protesters with “yellow vests” threw stones at riot police forces, who used tear gas to disperse the demonstrators outraged by fuel price hikes and President Emmanuel Macron’s policies.
A senior lawmaker says Iran has changed the pattern of its oil exports to cope with the unjust US sanctions, which are aimed at cutting the exports down to zero.
A top Iranian Navy commander shrugged off US threats against the Islamic Republic and said the Armed Forces are fully ready to guarantee the security of the country’s oil tankers in international waters.
All the 700,000 barrels of crude oil released at Iran’s energy bourse were sold out at a rate of $64.97 in the second phase of supplying the Iranian crude oil through the market.
Iran’s Civil Aviation Organisation has expressed its protest at a Turkish company’s unilateral decision to refrain from providing fuel for Iranian passenger planes at Istanbul’s Ataturk International Airport.
The US administration has reportedly agreed to allow eight countries – including Japan, India and South Korea – to keep buying crude oil from Iran after it re-imposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.
Officials in New Delhi say the United States has agreed to grant India a waiver from Iran sanctions so that the country would be able to maintain imports of crude oil from the Islamic Republic.