India to clear dues worth $6.5 bn to Iran in tranches: Govt

Last Updated: Monday, August 17, 2015, 18:37

India will clear USD 6.5 billion of dues it owes to Iran for oil import in tranches, with the first installment going out as early as in a week, Finance Secretary Rajiv Mehrishi has said.

China rejects Obama's Iran oil import sanctions

Last Updated: Saturday, March 31, 2012, 23:48

China on Saturday rejected President Barack Obama's decision to move forward with plans for sanctions on countries buying oil from Iran, saying that Washington had no right to unilaterally punish other nations.

S Korea to work with US to reduce Iran oil imports

Last Updated: Saturday, March 31, 2012, 17:40

South Korean officials said on Saturday that they will continue working with the US to reduce oil imports from Iran after President Barack Obama greenlighted potential sanctions against countries that continue to buy Iranian oil.

Sanctions against Iran put cloud over global growth

Last Updated: Sunday, March 25, 2012, 09:56

Tightened sanctions by the West have yet to dissuade Iran from pursuing its controversial nuclear programme but have triggered an oil price spike that could trigger a global recession.