Govt raps Shell for embarrassing SA

2014-03-11 20:04

The government has criticised Shell SA for not refuelling a jet carrying the visiting speaker of Iran's parliament, forcing him to cancel a planned African tour.

Kerry: Business trip to Iran not helpful

2014-02-05 19:00

US Secretary of State John Kerry has told his French counterpart a trip to Iran by French CEOs gave the wrong impression that the West could do business with Tehran, an official says.

US Treasury confirms $550m transfer to Iran

2014-02-03 19:24

The US Treasury Department has confirmed that it allowed the transfer of $550m in Iran's frozen oil revenues to the country under an interim nuclear deal.

StanChart faces $330m Iran fine

2012-12-06 12:59

Standard Chartered expects to pay $330m for breaking sanctions on Iran, a second such penalty which could almost wipe out its profit growth this year.

Swiss sanctions exempt Iran central bank

2012-04-18 12:57

Switzerland has extended financial sanctions against Iranian companies and individuals but has not frozen the central bank's assets or imposed an oil embargo.

France in talks on strategic oil release

2012-03-28 10:47

France is in discussions with the US and UK on the possible release of strategic oil stocks to keep prices down, reports Le Monde newspaper.

Supply worries keep oil above $125

2012-03-27 14:26

The price of a barrel of Brent crude oil stayed above $125 on renewed concerns about tension in Iran and supply disruptions in Syria, South Sudan and Yemen.

Obama: Iran conflict adds $20 to oil price

2012-03-23 17:30

US President Barack Obama says the tensions with Tehran are causing the price of oil to spike an added $20 or $30, pushing up fuel prices.

SA suspends Iran oil imports

2012-03-22 14:39

The government says "very little" Iranian oil is being imported into SA and that it intends to abide by a US request to significantly curb purchases.

Sasol eyes next gas acquisition

2012-03-12 17:05

Petrochemicals giant Sasol says it is scouting North America for its next gas buy.

MTN struggles to get money out of Iran

2012-03-07 17:22

Mobile phone operator MTN says tougher sanctions are a hindrance to its repatriating money from Iran.

US wins Japan support for Iran sanctions

2012-01-12 16:44

Japan is backing tough US sanctions against Iran over a nuclear programme the West suspects is geared to developing atomic bombs.

Geithner seeks China support against Iran

2012-01-10 16:16

US Treasury Secretary Timothy Geithner aims to shore up backing for tougher sanctions against Tehran during a visit to China, the largest consumer of oil from Iran.

Oil up on Iran, stocks down on eurozone

2012-01-04 17:57

Crude futures rose on concerns about the latest ban on Iranian oil exports while world stocks fell after a muted German bond sale and a discounted Italian bank rights issue.

No G8 accord yet on Iran

2009-07-08 21:19

Italy's foreign minister says G8 leaders meeting in L'Aquila have yet to reach an accord on condemning Iran's crackdown on post-election protests.


Iranian bank sues UK govt for $4bn

2014-02-17 14:59

Iran's largest private bank is suing the British government after a court quashed sanctions imposed against it over alleged links to Tehran's nuclear programme.

Iran urges foreign firms to return

2014-02-04 17:12

Iran wants foreign companies to return to its oil sector as a delegation of leading French business people visited Tehran.

Iran sanctions bill to slash oil exports

2013-08-01 12:08

The House of Representatives has passed a bill to tighten sanctions on Iran, showing a strong message to Tehran over its disputed nuclear program.

Investor caution keeps Brent above $118

2012-04-19 09:04

Brent crude oil stayed higher than $118 a barrel, as investors pared back demand ahead of a much-anticipated Spanish bond auction.

SA Iranian oil imports soar in February

2012-04-02 10:47

Customs data show imports of crude oil surged after dropping to zero in January, contradicting the view that SA has bowed to US pressure to cut links with Iran.

SA halted Iran oil imports in January

2012-03-27 18:15

Government data show that no oil was bought from Iran while imports from other producers rose in January, suggesting SA heeded US calls to cut Iranian imports.

Cable confirms talks on oil reserves

2012-03-23 17:35

British Business Secretary Vince Cable says talks are continuing with US officials about the possible release of oil from their stockpiles to bring down fuel prices.

SA curbs Iran oil imports on US pressure

2012-03-22 18:48

The government has acceded to a US request and suspended imports from Iran, says the deputy foreign minister, while Sasol has found alternative crude sources.

SA plans to cut Iran oil imports

2012-03-13 14:03

Energy Minister Dipuo Peters says SA hopes to have a plan by the end of May to replace Iranian crude on which it relies heavily.

MTN accuses rival Turkcell of extortion

2012-03-12 15:44

Cellphone operator MTN says its Turkish rival is using the threat of a US lawsuit to extort money from it.

Iran could ban EU oil exports next week - MP

2012-01-27 12:46

Iran's parliament is to debate a law that could stop oil exports to the European Union as soon as next week, says an MP.

Oil up on Iran, Nigeria supply worries

2012-01-12 15:28

Brent crude rose above $113 on investor anxiety that new sanctions against Iran will curb output and a strike in Nigeria will disrupt supply.

JSE suffers first down day of 2012

2012-01-05 18:26

SA stocks closed lower for the first time in four days, weighed down by MTN and gold miners.

JSE closes up, just short of key level

2012-01-04 17:44

SA stocks closed in the black but the Top 40 index of blue chips failed to break a key technical resistance level.

US will call for strict sanctions

2009-07-08 09:41

The US will call for "even stricter sanctions on Iran to try to change the behaviour of the regime", says Secretary of State Hillary Clinton.

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