India lauds US exemption on Iranian oil sanctions

India has welcomed a U.S. decision to allow it to continue to import Iranian crude oil and develop an Iranian port for trade with Afghanistan despite Washington's reimposition of sanctions on Iran. The spokesman of India's External Affairs Ministry, Raveesh Kumar, said Friday that Iranian crude oil is very important for India's energy needs and security. Continue Reading Below He […]

Read more

The global economic impact of $100 oil 'isn't trivial': Here are the likely winners and losers

Oil prices have surged more than 25 percent this year, prompting investors to bet that a return to triple-digits could be just around the corner. President Donald Trump’s administration is scheduled to impose crude sanctions against Iran from November 4. “Overall we would put an oil shock in the top three of our concerns over the next year along with […]

Read more

Saudi-led coalition denounces U.N. report on Yemen as inaccurate

RIYADH (Reuters) – The coalition of Arab states fighting against Yemen’s Iran-aligned Houthis denounced as inaccurate a report by U.N. human rights expert that said air strikes by the alliance had caused heavy civilian casualties and some may amount to war crimes. “The report did not mention the Iranian role in the continuation of the war in Yemen… and its […]

Read more