Latest Energy News in Iran – Iran’s economy, while diversified, is still heavily influenced by the state of the oil and gas market. Read more about recent news and developments in the sector here.
The United Kingdom’s Ambassador to Tehran Rob Macaire says the Islamic Republic must be allowed to sell its crude oil despite the US sanctions, and London supports the country in doing that.
Iran says Bitcoin and other cryptocurrency miners will be provided with three-phased timers which switch off during peak hours of electricity consumption.
Panama's maritime authority has confirmed that a tanker operating under the country's flag and seized by Iran in the Persian Gulf last week for smuggling fuel, was indeed in violation of international laws.
Iran’s Foreign Ministry spokesman has appreciated Saudi, Omani, and Swiss officials for their cooperation to secure the release of an Iranian oil tanker from Saudi Arabia’s Jeddah and the repatriation of an injured Iranian sailor who was hospitalized in the kingdom’s Jizan.
Iran says the British-flagged Stena Impero oil tanker seized by IRGC forces in the Strait of Hormuz had collided with an Iranian fishing vessel but did not respond to the calls and warnings and had switched off its GPS locators.
The Islamic Revolution Guards Corps (IRGC) Navy says it has seized a foreign vessel carrying one million litres of smuggled fuel south of Larak Island in the Persian Gulf, the state TV announced Thursday.
Iranian Foreign Minister Mohammad Javad Zarif has made it clear for his UK counterpart that Tehran will keep on exporting oil under any conditions, urging London to secure the release of Iran’s oil tanker as soon as possible.
UK Foreign Secretary Jeremy Hunt says the release of an Iranian supertanker that his country has captured near Gibraltar would be conditional on a guarantee that the vessel will not go to Syria.
Iran’s Islamic Revolution Guards Corps, the IRGC, has denied the UK's claim that Iranian speedboats tried to seize a British oil Tanker in the Persian Gulf in reaction to the recent seizure of an Iranian supertanker in Gibraltar.
Chinese cryptocurrency miners have officially requested to set up shop in Iran, taking advantage of cheap energy to power and cool their electricity-intensive servers.
A former prime minister of Sweden has questioned the legality of seizure of an Iranian oil tanker by the UK, stressing that the non-EU states are not subject to the European sanctions.
Iranian Defence Minister Brigadier General Amir Hatami has lashed out at the United Kingdom for illegally seizing an Iranian oil tanker in Gibraltar, saying the country will not tolerate London’s “maritime piracy”.
A senior member of the Iranian parliament has shared more details of a plan to collect tolls from foreign ships passing through the Strait of Hormuz in the Persian Gulf.
Seizing the oil tanker Grace 1 is a new event that has heated up the tension between Iran and the United States, but it can also be related to the current disagreements between United Kingdom and the European Union.
Iran says the supertanker carrying its oil sailing in international waters in the Strait of Gibraltar was not bound for Syria, and the UK was not allowed to seize it.
Iran’s Minister of Information and Communications Technology Mohammad Javad Azari Jahromi has highlighted the potentialities of crypto-currency mining, calling for the regularization of the business in Iran given the recent reports of bitcoin miners’ use of Iran’s cheap power.
A senior Iranian official has called for the seizure of a British oil tanker in case London refuses to release the Iranian vessel it has illegally detained in Gibraltar.
Iranian Oil Minister Bijan Namdar Zanganeh hailed a Tuesday meeting of the Organization of the Petroleum Exporting Countries (OPEC) as “good” and said the Islamic Republic was again exempted from the oil output restrictions.
The financial channel that the European parties to the 2015 Iran nuclear deal have set up to maintain trade with Iran, known as INSTEX, would be pretty useless if it does not supply Iran with its petrodollars, the country’s oil minister has said.
It is illegal in Iran to use the subsidized electricity available to the industrial businesses for running cryptocurrency mining machines, Parliament Speaker Ali Larijani announced.
