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When oil became waste: a week of turmoil for crude, and more pain to come

EghtesadOnline: The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel.
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Publish Date:26/April/2020 | 14:24

$500 billion coronavirus aid package passes U.S. Senate, headed to House

EghtesadOnline: The U.S. Senate on Tuesday unanimously approved $484 billion in fresh relief for the U.S. economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage later this week.
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Publish Date:22/April/2020 | 24:23

Time for IMF to Act Now

EghtesadOnline: Iran’s central bank governor has again called on the International Monetary Fund to resist US pressure and approve its application for financing to help bridge a 10 billion-euro ($10.9 billion) deficit as the country’s sanctions-hit economy struggles to cope with the coronavirus pandemic.
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Publish Date:21/April/2020 | 11:42

US Push for Violation of Int’l Law Against Iran Will Fail

EghtesadOnline: The United States is asking the United Nations Security Council to violate international law by extending an arms embargo on Iran, but its illegitimate request will fail to secure approval, Iran’s envoy to the UN said.
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Publish Date:20/April/2020 | 13:08

US Pursuing Self-Serving Goals in Iraq

EghtesadOnline: The United States is refusing to withdraw its forces form Iraq despite a parliamentary resolution calling for their exit, as it pursues its own self-serving agenda, Iranian lawmakers said.
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Publish Date:18/April/2020 | 14:22

Senator Urges Trump to Shift Iran Policy Amid Pandemic

EghtesadOnline: Democratic US Senator Chris Murphy warned on Monday that the Trump administration could be partially responsible for “the death of innocent people” if it continues its current policies toward Iran.
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Publish Date:18/April/2020 | 14:20

Oil Gains as US Shale Production Set to Fall Sharply

EghtesadOnline: Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
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Publish Date:18/April/2020 | 14:16

Sticking to Sanctions During Pandemic ‘Treachery’ Against Humanity

EghtesadOnline: Iran's Permanent Mission to the United Nations in New York has released a message to member countries, describing how the continued application of sanctions during the new coronavirus pandemic is undermining the world's ability to control the outbreak and is therefore a "treachery" against humanity.
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Publish Date:14/April/2020 | 19:22

11 US Senators Want Saudis to Cut Crude Oil Production

EghtesadOnline: Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
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Publish Date:13/April/2020 | 18:25

Mexico Says Reached Deal With Trump to Cut Crude Output

EghtesadOnline: The president of Mexico -- the lone holdout in an OPEC deal to cut crude production and shore up prices -- said Friday that he has reached a deal with the US president to reduce oil output.
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Publish Date:12/April/2020 | 18:00

No Time for Vindictive Policies

EghtesadOnline: Tehran Mayor Pirouz Hanachi bemoaned the lives lost to the new coronavirus in Iran as a result of medical shortage caused by American sanctions, stressing that this is no time for “vindictive” policies.
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Publish Date:05/April/2020 | 19:37

US Should Ease Medical Trade to Show Sincerity

EghtesadOnline: The United States needs to remove restrictions on the trade of medical products if it is truthful about its offer of helping contain the new coronavirus outbreak in Iran, President Hassan Rouhani said.
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Publish Date:07/March/2020 | 06:02

US, Taliban Sign Peace Deal

EghtesadOnline: The United States signed a landmark deal with the Taliban on Saturday, laying out a timetable for a full troop withdrawal from Afghanistan within 14 months as it seeks an exit from its longest-ever war.
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Publish Date:01/March/2020 | 11:04

European Dependence on US Hampers Borrell’s JCPOA Efforts

EghtesadOnline: Europe’s security and economic dependence on the United States impedes the European Union foreign policy chief’s endeavors to preserve the 2015 nuclear accord, an expert on international relations said.
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Publish Date:19/February/2020 | 04:55

Moscow Favors Resolution of Iran-US Disputes Through Dialogue

EghtesadOnline: Moscow believes that only dialogue can help Washington overcome any disagreement with Iran, a stance that is reflected in Russia’s concept of collective security in the Persian Gulf, Russian Foreign Minister Sergey Lavrov told the Italian La Stampa daily.
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Publish Date:18/February/2020 | 24:36

US Relaxes Iran Overflight Curbs

EghtesadOnline: The US Federal Aviation Administration is allowing US airlines to resume operations over large areas of the Persian Gulf after it barred American carriers from the area in the wake of tensions between Tehran and Washington.
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Publish Date:17/February/2020 | 24:26