Iran launched plans to switch its currency to the toman in 2021, replacing the rial by removing four zeros in a bid to mask inflation. But the plan stalled. Now, the government is hoping to...
Energy-hungry Pakistan wants to proceed with a natural gas pipeline connecting it and neighboring Iran. But the US has warned about the risk of sanctions in doing business with Tehran. Pakistan announced at the end of...
The Israel Hamas war has sent shockwaves across the world and the rapidly evolving conflict is being closely watched by global leaders. Tensions started when Hamas attacked Israel with over 5000 rockets from Gaza, a...
The scale of the pandemic is the result of official mendaciousness. Policymakers must start telling the truth in order to slow the further spread of the coronavirus, DW’s Rodion Ebbighausen writes. A quick look at...
It’s been a turbulent few days on international markets for oil investors. Yet while Saudi Arabian supply may be restored quickly, the attacks have raised questions that may impact the price of oil in the...
EU foreign ministers meeting in Brussels are hoping to deescalate tensions between the US and Iran. Britain’s top diplomat says there’s still a “small window” of time to keep the 2015 nuclear deal alive. British...
It is far from clear that the US sanctions against nine Iranian officials, with the foreign minister to be added later brings negotiations any closer. At the same time, US officials trying to keep expectations...
India and Russia have announced a major arms deal, violating US sanctions. Energy sector sources also say New Delhi will purchase 9 million barrels of Iranian oil. Both moves will test India’s relations with the...
The Trump administration is reimposing the first tranche of sanctions on Iran, isolating Washington as much as Tehran. A second round of US sanctions in November will target Iran’s energy sector. The first round of...
The EU has drafted business safeguards to salvage the Iran nuclear deal, including prohibiting firms from complying with US sanctions and sending money to Iran’s central bank. Experts doubt such efforts will be enough. The...
Oil prices have jumped to levels last seen in 2014, after the United States decided to re-impose sanctions on Iran, threatening to tighten global oil markets and likely to derail billions of dollars in business...
Tehran will not participate in an output cap agreement to stabilize oil prices, said Iran’s oil minister. Analysts warned that OPEC’s failure to strike a deal could have a severe impact on oil markets. Qatar’s...