Tag: Iran
IMF warns of escalating oil prices on Iran crisis
Oil prices would rise between 20% and 30% in case of disruption of Iranian oil exports, which would undermine the global economy, now slowly moving away from the “abyss,” he said Tuesday the IMF Managing Director (IMF), Christine Lagarde. “It would clearly be an impact on the economies if there is a disruption of Iranian [...]
Israeli Vice Premier Believes Iran May Reconsider Nuclear Talks
Israeli Deputy Prime Minister Silvan Shalom said today that the closure of banks and companies access to network Iranian Swift, the major mechanism for financial messaging services, pursuant to a decision of the European Union (EU), perhaps leading to Iran stop its nuclear plans. “Iran is moving ahead with its nuclear weapons program in order [...]
U.S. working with South Korea to reduce the purchase of Iranian oil
Secretary of State Hillary Clinton acknowledged today that pressure on countries like South Korea to increase its sanctions and reduce its dependence on Iranian oil are difficult, but added that progress has been made. At a meeting in Washington today with South Korean Foreign Minister Kim Sung-hwan, Secretary of State acknowledged “the hard choices and [...]
