Iran oil exports at risk in UK ship sanctions plan
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A British proposal to target Iran's national shipping lines under a draft U.N. sanctions resolution could temporarily curb Tehran's ability to export oil to world markets, maritime sources said on Tuesday.
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Analysis: Why did Iranian boats threaten three US ships traveling through the Strait of Hormuz? To remind the world that Iran still has a hand on the world's oil spigot
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Confronted by mounting U.S. and U.N. pressure, Iran has been steadily shifting its trade from West to East and, with the benefit of record high oil prices, is likely to be able to withstand the new U.S. sanctions, according to U.S., European and Iranian analysts.
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British Prime Minister Gordon Brown said Monday that tougher sanctions are likely against Iran over its contested nuclear program and declined to reject outright the prospect of future military action.
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WASHINGTON - The United States and its European allies are preparing to impose their own broad military and economic sanctions against Iran if Russia and China balk at voting for a tough new resolution at the United Nations, according to US and European officials.
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Oil prices hit new highs on both sides of the Atlantic this morning as a threat by Norwegian shipowners to halt production from the world&#39;s third biggest exporter fuelled fears of a winter supply crunch.
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Oil fell more than a dollar to around   $68 a barrel on Monday, pulled lower by expectations that any   sanctions against oil producer Iran were some way off and would   not necessarily disrupt export flows.
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Ministers from six world powers will meet in London on Friday to discuss how to tackle Iran over its nuclear program, with the United States, backed by Britain, expected to press for sanctions against Tehran.
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Iran is likely to be given an ultimatum to suspend all uranium enrichment activities, top UK officials say.
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Investor's Business Daily - Iran: Sanctions alone will not stop Tehran's Islamofascist regime from building a nuclear weapon -- so warns a new European Union report. Why in the world did it take them so long to face up to the obvious?
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Iran could scrap a plan to ration petrol that was expected to have a profound impact on the economy of OPEC&#39;s number two oil producer, the head of parliament&#39;s energy committee said on Sunday.
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Some quotes about the new sanctions against Iran announced Thursday:
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UNITED NATIONS - A new European resolution imposing sanctions on Iran for its nuclear ambitions eases a list of goods Tehran cannot buy or sell and exempts Russian construction and fueling of a reactor it is building in Iran.
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Iran responds defiantly to new US sanctions which target its Islamic Revolution Guards Corps and three banks.
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A U.S. military strike against Iran would have dire consequences in petroleum markets, say a variety of oil industry experts, many of whom think the prospect of pandemonium in those markets makes U.S. military action unlikely despite escalating economic sanctions imposed by the Bush administration.
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Iran is to move its foreign currency reserves from dollars to euros as the US continues to press for sanctions against Tehran.
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Oil prices fall despite concerns about Iran's nuclear ambitions, as a storm looks set to leave US oil installations untouched.