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: The United Nations is “unable to independently corroborate” that missiles and drones used in attacks on Saudi oil facilities in September “are of Iranian origin”, Secretary-General Antonio Guterres told the UN Security Council on Tuesday.
EghtesadOnline: President Hassan Rouhani said Iran has no problem with revival of relations with Saudi Arabia, which has severed diplomatic ties with Iran since 2016.
EghtesadOnline: Saudi and Emirati officials are signaling rapprochement with Iran because they want to limit the scope of their confrontation with Iran to the political field, says a former diplomat, who maintains that Iran's response could determine the future of ties.
EghtesadOnline: Saudi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its facilities, trade sources said on Monday.
EghtesadOnline: Iran should seize the opportunity provided by the toned-down rhetoric from Saudi and Emirati officials to mend strained bilateral relations, says a political analyst, who believes that the interests of Persian Gulf states lie in lasting peace and security in the region.
EghtesadOnline: Iran has warned the United States that any action taken against it will be met with an "immediate" response, following allegations that it was behind attacks on Saudi oil installations.
EghtesadOnline: Foreign Minister Mohammad Javad Zarif warned that any US or Saudi military strike on Iran would lead to a devastating war, saying that Tehran hopes to avoid such a conflict.
EghtesadOnline: Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters.
EghtesadOnline: OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran, a Reuters survey found.