Energy Problems Squeeze Iran
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The worldâs fourth-largest oil exporter imports 40 percent of its gasoline due to sanctions and booming consumption.
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Saboteurs are stalling oil transports and causing costly power outages, crippling the country's increasingly unstable energy infrastructure.
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Iran and its European partners struggled on Friday to salvage their agreement committing Tehran to freeze an important part of its nuclear program, European and Iranian officials said.
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The fuel was delivered to the Bushehr nuclear plant, the power station at the heart of an international dispute on Iranâs nuclear program.
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Crude oil prices continued down their slippery slope yesterday, hitting a two-month low after Iran&#39;s government took steps to dampen political tensions with the United States.
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VIANA DO CASTELO, Portugal  - Iran's nuclear programme has slipped so far down the European Union's agenda that it did not even figure at a two-day brainstorming session of the bloc's 27 foreign ministers this week.
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Iran said it was freezing its controversial nuclear fuel work Monday after brokering a deal with Britain, France and Germany. The UN&#39;s atomic watchdog sees the move as easing fears the Islamic regime is seeking the bomb.
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Iran began pumping natural gas to Turkey on Sunday after cutting supplies for three weeks, but the flow was far less than normal, the Anatolia news agency reported.
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VIENNA -- Defying the international community, Iran has sharply upgraded its capacity to enrich uranium in recent months while the outside world's access to and grasp of Iran's nuclear program "has deteriorated," according to a unusually blunt report yesterday by the International Atomic Energy Agency.
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A shortage of natural gas besets the state's most populous area. In rural outposts, energy costs spike.
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The Iranian president, Mahmoud Ahmadinejad, was under pressure to perform a U-turn on petrol rationing today after the restriction prompted violent protests at filling stations across the country this week.
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SOARING global energy demand will leave the West increasingly in thrall to the Middle East, the worldâs energy watchdog said yesterday.
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A tense encounter with Iran and lingering concerns about weak job data keep U.S. stocks down.
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Larger supplies, more energy alternatives, and a slowing economy could be factors.
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Angry Iranian motorists queued for gasoline for hours on Wednesday after the world's fourth-largest oil exporter imposed fuel rationing, sparking chaotic scenes and the torching of at least two pump stations.
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Despite the government's insistence that U.S. and U.N. sanctions aren't causing any pain, some leading Iranians have begun to say publicly that the pressure does hurt. And on Tehran's streets, people are increasingly worried over the economic pinch.
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The economic impact of U.S. sanctions against Iran is unclear and since 2003 Iran's government has signed about $20 billion in energy contracts with foreign firms, a U.S. audit report said.