Iran

IranAir 747

Boeing to Sell Parts to Iran; Are Airplanes Next?

The U.S. Treasury Department on Friday issued a license to Boeing Co. (NYSE: BA) allowing the company to sell airplane parts to Iran. The license is related to the deal ...
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Oil spill

Full Iran Resolution Could Send Crude Down Under $90, Maybe Down to $80

This weekend's deal with Iran could be a monumental shift of the international tides. Unfortunately, it could also be a monumental mistake as some international leaders have voiced. 24/7 Wall ...
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Why Defense Stocks Are Selling Off Ahead of Syria Military Action

When nations go to war, the so-called military industrial complex is generally considered to be the real winner when it comes to the economic side of the equation. Warfare is ...
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iran map

Earthquake Strikes Iran

The U.S. Geological Survey is reporting a magnitude 6.3 earthquake about 89 kilometers southeast of the Iranian city of Bushehr, the site of that country’s main nuclear energy development effort. ...
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iran map

Glencore May Have Aided Iran Nuclear Program — Reuters

For more than a year now, the big story about Glencore International Ltd. has been its effort to take over mining company Xstrata. But an exclusive report at Reuters today ...
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iran map

Iran Sanctions Cut Oil Exports 40%

The government of Iran has long held that the U.S. and European sanctions being imposed on the country have had little impact on the Iranian economy. But in a report ...
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Saudis Reopen Pipeline Bypassing Strait of Hormuz — Reuters

Although the tensions between Iran and the US and Europe have relaxed somewhat in the past couple of months, not everyone is taking for granted that a long-term solution to ...
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Crude Shakes Off Gains; India Cancels Iran Shipments

The $125 billion bailout of Spain’s banks put some life in US stocks this morning, and boosted Brent crude prices to more than $102/barrel before tumbling back to below $98/barrel ...
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OPEC Crude Output at Three-year High

The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about ...
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Iran Talks Fail, Another Meeting Scheduled

Negotiations between Iran and the P5+1 -- the US, the UK, France, China, Russia, and Germany -- ended in failure yesterday. The six-nation team sought an end to Iran’s nuclear ...
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Talks on Iran Sanctions, Nuclear Development Not Yet Productive

Negotiations in Baghdad between Iran and the P5+1 nations -- the US, the UK, France, China, Russia, and Germany -- over the continued development of Iran’s nuclear program and the ...
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Nuclear Agency Deal with Iran Cuts Crude Price

The International Atomic Energy Agency (IAEA) and the government of Iran have agreed to a new inspection plan that gives the IAEA access to previously closed Iranian nuclear development facilities. ...
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Crude Oil Prices Could Move Lower

Analysts at Goldman Sachs have noted that Saudi Arabia has increased its crude oil inventories by 34.5 million barrels in the three-month period from December 2011 to February 2012. Goldman ...
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Biggest Threat to US Economy? Oil Price Spike Caused by Iran

When 18 economists were asked to name the biggest threat to the recovering US economy, 9 answered that an oil price spike caused by a US-Iran confrontation is the most ...
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Iran Trading Oil for Junk

The Islamic Republic of Iran has been forced to begin trading its oil for goods as the US-led imposition of sanctions make it increasingly difficult for the country to obtain ...
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