Chief Executive of Iranian Fuel Conservation Organization (IFCO) Hossein Hosseinzadeh said the Arab governments have shown high interest in investing in the Iranian oil sector.

EghtesadOnline: More than $5.3 billion out of Iran’s overall $13.56 billion worth of non-oil exports (around 40%) during the first half of the current Iranian year (March 20-Sept. 21) headed to neighboring Arab countries, the director general of Trade Promotion Organization of Iran's Arab and African Countries Affairs Department said.

EghtesadOnline: Iran's regional peace plan could have a chance of being implemented in cooperation with Persian Gulf Arab states , if relations between Tehran and Riyadh were to improve, a political analyst says.

EghtesadOnline: Iran welcomes any initiative by regional countries to foster cooperation and improve peace and security, Foreign Ministry’s spokesperson said, amid signs of willingness by Persian Gulf Arab states to pursue rapprochement.

EghtesadOnline: Persian Gulf Arab states are signaling their willingness to resolve their differences with Iran through diplomacy because they feel let down by US President Donald Trump.

EghtesadOnline: A foreign tanker smuggling fuel to neighboring Arab states was seized by Islamic Revolution Guards Corps forces in the Persian Gulf on Wednesday, according to a Sunday statement by IRGC.