Western sanctions on Iran are biting so deep that even fishermen who make the two-hour journey across the Strait of Hormuz at night to Oman to smuggle flat-screen televisions, cell phones and food say they’re feeling the pain.
An earthquake hit the south of Iran near the Strait of Hormuz this morning, 100 miles east-southeast of Bandar Abbas. Iranian seismologists confirmed the tremor, according to the state-owned Islamic Republic News Agency.
A ship that will carry aid from the Iranian Red Crescent Society will leave June 27 on a voyage through the Suez Canal to the Gaza Strip, said Abdolrauf Adibzadeh, the relief group’s head of international affairs.
Iran will soon deliver a 100,000- liter consignment of its first domestically produced jet fuel to “foreign buyers,” Tehran Times reported citing Jalil Salari, the managing director of the National Iranian Oil Products Distribution Co.
Exxon Mobil Corp. is honoring its oil exploration contracts in the semi-autonomous Kurdistan region of northern Iraq, the Kurdish minister for natural resources said in disputing a report from Iraq’s government.
Nigeria, Africa’s top oil producer, surpassed Iran as the Organization of Petroleum Exporting Countries’ second-largest exporter in 2010 as security improved in the African nation and as Iran used more crude at home.