Islamic Republic Of Iran

"India-Iran relations are rooted in history and are based on our close cultural and civilisational linkages that span millennia," the President said.

Iran rejects 'baseless and provocative' Trump warning

Iran today rejected a warning from President Donald Trump over its latest missile test as unfounded and "provocative", reflecting growing tensions between Tehran and the new US administration.

Shipping Corp to revive JV with Iranian Shipping Lines

"SCI and Islamic Republic of Iran Shipping Lines (IRISL), shareholders in the JV, have held discussions about feasibility of revival of operations by the JV, in view of lifting of the sanctions imposed on Iran," it said in a regulatory filing to BSE.

PM Modi to visit Iran on May 22-23 to boost economic ties

India is looking at doubling oil imports from the Persian Gulf nation, which a few years back was its second-biggest oil supplier, as well as getting rights to develop a giant gas field.

Iran offers gas at $2.95, India to invest Rs 1l cr: Gadkari

With the US and other western powers easing sanctions against Iran, India has been in talks with Tehran to set up a gas-based urea manufacturing plant at the Chabahar port, besides developing a gas discovery ONGC had made.

PM to take call soon on developing Chabahar port: Gadkari

The Road Transport and Highways Minister was talking to media after chairing a high-level meeting on Chabahar port, attended by Railways Minister Suresh Prabhu, Petroleum Minister Dharmendra Pradhan, National Security Advisor Ajit Doval and Foreign Secretary S Jaishankar among others.

India's oil import dues: Iran working on technicalities

During his meeting with Prime Minister Modi, Zarif said Iran considered India a "strategic partner". Iranian Ambassador to India Gholamreza Ansari recently ruled out any 'emergency or urgency' in getting back USD 6.5 billion oil import dues from India and had proposed that a part of this corpus can be invested in Indian projects there.

India made solid sacrifice to impose Iran sanctions: US

Barack Obama had specifically sent his then Secretary of State Hillary Clinton to convince India to join the US-led international sanctions against Iran, following which New Delhi took steps to reduce its import of oil from Iran that had considerable impact on the Indian economy, a fact acknowledged by the White House.

Obama: Rejecting Iran deal would lead to Mideast war

Obama said Iran will be more capable of building a nuclear weapon if the deal is blocked and a military solution will only drive its nuclear development deeper underground.

Mobius: Oil's fall is purely sentimental

While Mobius does intend to reduce Templeton's exposure to oil assets if prices continue to sink, he encourages investors to take a broader view of the sector before making a call.

White House cites India's support to sell Iran nuclear deal

The Iran deal was backed by at least 86 nations including six -- China, India, Japan, South Korea, Turkey and Taiwan -- that have voluntarily restricted the amount of Iranian oil that they imported, White House Press Secretary Josh Earnest said on Thursday.

Critics of Iran deal spinning 'fantasy' : John Kerry

US Secretary of State John Kerry on Thursday mounted a furious counterattack against critics of the Iran nuclear deal, telling sceptical lawmakers it would be fantasy to think the United States could simply "bomb away" Tehran's atomic know-how.

Iran says no 'emergency' in getting oil dues from India

The assurance by Iranian Ambassador to India, Gholamreza Ansari, assumes significance as there were concerns that India might have to make immediate payments to clear these dues after lifting of the Western sanctions on Iran.

Crude slides as Iran clinches historic nuclear deal

Oil dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports.

Obama hails step towards more hopeful world after Iran deal

Under the deal, sanctions imposed by the United States, European Union and United Nations will be lifted in return for Iran agreeing long-term curbs on a nuclear programme that the West has suspected was aimed at creating a nuclear bomb.

Oil prices down in Asia as Iran deal looms

A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said. US benchmark West Texas Intermediate for August delivery was down 86 cents to USD 51.88 and Brent crude tumbled 96 cents to USD 57.77 a barrel in late-morning trade.

Modi, Rouhani discuss key Chabahar port project

Modi and Rouhani met here on the sidelines of the BRICS and SCO summits and discussed issues of bilateral and mutual interest. The two leaders also discussed connectivity, trade and investment, hydrocarbons and threat of terrorism, official sources said.

Iran keen to invest in AP's mining, agri & allied sectors

Ali Akbar called on Andhra Pradesh chief minister N Chandrababu Naidu at Secretariat. While reflecting on the potential areas of collaboration between Iran and India, he said Iran is keen on working with the Government of Andhra Pradesh in mining, marine, agriculture, horticulture, petro-chemicals and IT, an official release stated.

With nuke deal in sight, Iran drives hard deal with India

Iranian trade negotiators have became more assertive with Indian counterparts as hopes rise of international sanctions on Tehran easing later this year, sources said, and Indian companies fear they may lose business as more countries bid for projects.

Oil prices up on Middle East fighting; OPEC output in focus

Despite these Middle East conflicts, analysts said oil markets remained oversupplied, and that the glut could worsen if US -production picked up and output by producer-club OPEC remained strong.

Iran deputy oil min says OPEC unlikely to cut output

The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June.

US asks India to go slow in boosting trade ties with Iran

Diplomats are negotiating to fill the gaps in an April 2 framework agreement that would curb Iran's nuclear programme, allaying Western fears it could develop an atomic bomb, in return for relief from international sanctions.

Russia has bigger concerns than oil, ruble: Russia Dep PM

Russia's economy, which grew by just 0.6 percent in 2014, is expected to enter a deep recession this year under the weight of lower oil prices and sanctions, which have compounded the country's underlying structural weaknesses and undermined business and consumer confidence.

Oil demand seen rising, but Iran calls for cut

The IEA's expectation for a "notable acceleration" in demand for oil in 2015 comes as Iran called on fellow Organisation of Petroleum Exporting Countries (OPEC) members to cut production.

Brent nudges up near $57, set for weekly gain

The upwards lift has been sufficient that both Brent and US crude futures are set to post a weekly gain of more than 3 percent despite having been dragged down by record levels of Saudi output and US inventories earlier this week.