Dollar curbs, tough marketing crimp Iran oil deals - traders
Nine months after sanctions on Iran were lifted, some of the world's biggest traders have yet to strike major oil deals with the OPEC member, stymied by Tehran's tough stance on marketing its crude and restrictions on dollar trades.
Top executives from Vitol, Glencore, Trafigura and Gunvor told the Reuters Commodities Summit this week that while they are keen for a slice of the business, hurdles remain.
"It's still very difficult," Ian Taylor, chief executive of commodity trading house Vitol, said.
He cited the lack of a usable dollar system to conduct transactions with the... read more
- 10:23 Justin Bieber ‘faces arrest’ as he returns to Brazil after...
- 10:23 Brexit is our chance to 'renew' Britain and the West Midlands
- 10:23 UK-German stock exchange deal blocked
- 10:23 Marks and Spencer recall soup due to possible contamination
- 10:23 ‘Hallelujah’ over Headingley’s brighter future
- 10:22 Lancaster model shop to shut after 28 years trading
- 10:22 Cannabis infused candy floss edibles now exist and they need to...
- 10:21 Firefighters wash up £500
- 10:21 Man charged over death of little Violet Grace-Youens to appear in...
- 10:21 The 10 Premier League bosses to win the most points over the past...
- 10:21 Sex offender didn't want police to disturb his bereaved family
- 10:21 Stroll With Stu: Reunion a great way to end walk to village pub
- 10:21 Telford A&E could close overnight
- 10:20 Weak sterling supports UK's FTSE ahead of Brexit trigger, mid caps...
- 10:20 Muslim groups plan march against Jakarta's Christian governor
- 10:20 Iraqi forces battle towards landmark Mosul mosque
- 10:20 Duggan family lose inquest appeal
- 10:19 EU antitrust regulators block Deutsche Boerse, LSE merger
- 10:19 Why Pets at Home are set to stop selling rabbits over Easter
- 10:19 Mirko Cro Cop wants retirement fight with fellow legend...
- 10:18 Paul Weller EXCLUSIVE: ‘Magical moment’ music icon records NEW song...
- 10:18 Sir Elton John preparing animated Joseph And The Amazing...
- 10:18 Johnathan Rayfield attacked a Batley shop assistant as he stole a...
- 10:18 Leonardo DiCaprio pays tribute to ‘best acting mum’ after death of...
- 10:18 Book review: Irresistible: Why we can’t stop checking, scrolling,...
- 10:18 Disgraced hospital consultant who ripped off NHS gets unpaid work
- 10:18 Bool review: Birdcage Walk, by Helen Dunmore
- 10:18 7 great family days out in Scotland
- 10:17 Halifax MP Holly Lynch warns prison officers face huge risk of...
- 10:17 Crash on busy Scarborough road