Energy

Iran Energy News

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.

Recent Rise in Oil Prices Offsets US Sanctions: Iran

A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.

“Drop in Oil Prices Hinges on Removal of US Sanctions on Iran”

Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.
Water Crisis

Iran’s Underground River to Help Ease Water Problems

A lawmaker says Iran’s energy ministry and vice presidency for science and technology are carrying out a project in Iran’s south-eastern province of Sistan and Baluchestan to ease the region's water problems using an underground river.

Iran, EU on Verge of Oil Deal in Defiance of US Bans: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says Tehran is closing in on a deal to sell oil to European nations despite the US threats of sanctions against any countries that do business with Iran.

Iran’s Hails OPEC’s Decision to Reject Trump’s Call for Output Hike

Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.

Oil Prices to Go Down If Trump Keeps Quiet: Iran

Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.

Iran Raps Trump’s Pressure on Oil Pruducers to Boost Output

Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.

Iran President, Japan PM to Discuss US Sanctions in New York

Japanese Prime Minister Shinzo Abe is planning to hold talks with Iranian President Hassan Rouhani later this month in New York following the reinstatement of sanctions against the Middle Eastern country by the United States, a Japanese government source said.

Russia Says US’ Bid to Cut Iran’s Oil Exports to Zero Not Feasible

Russian Deputy Foreign Minister Sergei Ryabkov said he believes it is not possible for the “unrealistic” US to bring down Iran’s oil export to zero, as Washington is almost isolated internationally on this particular issue.

“US Claim of Bringing Iran’s Oil Sales to Zero Just Nonsense”

A senior Iranian official says the United States’ claim that it will bring Iran’s petroleum sales to zero is just nonsense.

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