All news on the topic: Iranian Oil

Singapore, April 10 - Chinese independent refiners have bought Iranian oil at premiums to Brent for the first time in years.

For half a century, the Middle East’s petro-monarchies have portrayed themselves as reliable providers of low-cost oil, but the third Gulf war, now in its fifth week, has shattered that image.

A sanctioned Iranian oil tycoon and his brother used aliases and Caribbean “golden passports” to build a $29 million luxury property portfolio in Dubai, according to property records.

The latest sanctions package also includes measures targeting financial networks accused of moving Iranian oil revenues through front companies abroad.

In one of the most controversial legal battles in Iran’s modern history, the National Iranian Oil Company (NIOC) has lost its appeal to retain ownership of its luxury London property.

Panama will revoke the registration of 128 vessels that sail under its flag after they were targeted by sanctions from the United States, its allies, or the United Nations.