• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 6 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 11 hours America's pandemic dead deserve accountability after Birx disclosure
  • 5 hours Putin blocks Ukraine access to Black Sea after Joe blinks
  • 1 day Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 17 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Fukushima
  • 3 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 18 hours Biden about to face first real test. Russia building up military on Ukraine border.
Editorial Dept

Editorial Dept

More Info

The Iran Momentum: Hard to Slow, Hard to Control

Iranian officials are now beginning the suspension of production of 20% enriched uranium, under a six-month agreement that will give Iran increased access to funds held overseas (over $4 billion out of some $100 billion in foreign exchange assets) and lead to the easing of restrictions against the petrochemicals and auto industries.

The US and EU on Monday approved the easing of some sanctions against Iran, including the suspension of some trade and other restrictions. Canada has not followed suit, promising Israel that it would leave full sanctions in place for now. Specifically:

•    US and EU-based companies can now buy, import, insure and transport petrochemicals from Iran
•    EU-based companies can resume their trade in gold and other precious metals with Iran
•    The EU has significantly eased restrictions on money transfers for trade and remittances
•    The US will gradually unfreeze $4.2 billion in Iranian oil revenues frozen abroad
•    The EU will stop trying to push countries still buying crude from Iran to reduce purchase volumes
•    The embargo on Iranian oil remains in place
•    Trade with 500 companies believed to be connected in some way to Iran’s nuclear program remains blocked
•    More than half of Iran’s banks are still blocked from EU financial…




Oilprice - The No. 1 Source for Oil & Energy News