Global banks to steer clear of Iran until sanctions finally go

Last Updated: Friday, July 17, 2015, 00:15

International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week`s nuclear deal between world powers and Tehran.

India to benefit from oil price fall post-Iran deal: Pradhan

Last Updated: Wednesday, July 15, 2015, 14:14

International oil prices will come down with the imminent lifting of sanctions against Iran and benefit India, Petroleum Minister Dharmendra Pradhan said Wednesday.

Iran's oil comeback may be later than sooner, but will still add to glut

Last Updated: Wednesday, July 15, 2015, 11:52

A day after an Iran nuclear deal was finally reached oil prices edge higher as investors recognised it would take time for Tehran to raise output, but the eventual increase in its exports will add fuel to a market already plentifully supplied.

Iran deal could help India boost exports by over a third: Trade body

Last Updated: Tuesday, July 14, 2015, 23:15

India`s exports to Iran could jump by over a third to $6 billion this fiscal year as an easing of sanctions against Tehran would help boost sales of agricultural commodities though competition for non-farm items would rise, a leading trade body said.

'Iran N-deal may revive long-pending gas pipelines to India'

Last Updated: Tuesday, July 14, 2015, 22:54

The landmark nuclear deal reached between major world powers and Iran will lead to an increase in oil exports from the West Asian nation to India, and may revive the long-pending gas pipeline projects involving the two countries, industry body Ficci said Tuesday.

Oil prices fall as Iran, global powers reach nuclear deal

Last Updated: Tuesday, July 14, 2015, 12:03

Oil prices tumbled on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.

Oil prices down in Asia as Iran deal looms

Last Updated: Monday, July 13, 2015, 08:59

A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said.

Oil prices rise as Iran nuclear talks extended

Last Updated: Wednesday, July 1, 2015, 02:25

Oil prices rebounded Tuesday as Iran and six major powers extended a deadline for reaching a nuclear deal that could add Iranian oil to an oversupplied global market.

Oil prices flat awaiting Greece, Iran outcomes

Last Updated: Saturday, June 27, 2015, 04:23

Oil prices traded flat Friday in a market still devoid of strong demand or supply signals but wary of Greece`s cliffhanger debt talks and negotiations about Iran`s nuclear program in Vienna.

Shell holds Tehran talks over potential investment

Last Updated: Thursday, June 25, 2015, 07:07

Anglo-Dutch giant Shell has become the first international oil group to announce that it had held talks with Iran about potential investment should sanctions be lifted as part of a nuclear deal with the West.

Oil holds above $64 before US supply report, eyes on Iran

Last Updated: Wednesday, June 24, 2015, 18:27

Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.