Iran Economy News

Reuters: Indian Oil Corp has so far been unaffected by an oil payments row with Iran but could turn to the spot market if...

AFP: The US Treasury Thursday slapped sanctions on 24 shipping companies, including 20 in Hong Kong, for allegedly operating as fronts for Iranian businesses...

Reuters: Difficulties in securing funding will delay India's Oil and Natural Gas Corp (ONGC) finalising a deal to take a 40 percent stake in...

Reuters: India expects a dispute with Iran over payment for crude oil to be settled as early as next week, ending a deadlock that...

Reuters: Ajerbaijan will more than double gas supplies to Iran to 1 billion cubic metres per year under a five-year deal signed on Wednesday,...

Reuters: India is looking at making payments to Iran for oil shipments through the yen, euro and dirham currencies, R. Gopalan, secretary of financial...

Reuters: India's state-run lender State Bank of India cannot open letter of credit for crude imports from Iran, an official at the bank said...

AFP: India's biggest oil refiner said Thursday it did not expect any supply shortages because of a payments problem between India and Iran, but...