Uranium – Reuters reported that Iran said on Tuesday it was going to convert a portion of its higher-grade uranium into reactor fuel. Such move could possibly put an end to the dispute with the West.
Oil – Reuters reported that oil went up towards $119 per barrel as investors are evaluating the political situation in the Middle East and are now willing to take risks.
Oil – Reuters reported that Iran’s crude exports to Asia, which is its biggest customer, went down by a quarter in 2012 and shipments are expected to fall to at least 12% this year due to pressure from US sanctions.
Oil – Bloomberg reported that Iran’s crude oil shipments have dropped at least 40% in the last nine months as the United States and European Union tighten their sanctions in their aim to deter its nuclear program.
Oil – Iran's revenue has been cut in half because of international sanctions imposed over its disputed nuclear programme, Economy Minister Shamseddin Hosseini said in remarks quoted by media on Monday.
Oil – Sanctions carried out on Iran regarding its nuclear program have sent the country into recession, a global association of financial services said on Monday.
Oil – The United States has aggressively raised its use of financial sanctions this year to pressure Iran to stop pursuing nuclear weapons, but a measure that takes effect in February could have the most powerful impact yet, the Treasury Department's top sanctions official said on Thursday.
Oil – Faced with elevated demand, idle output at home and a need to diversify from Iranian crude imports lost to Western sanctions, Indian oil companies are hungry for deals like ONGC's Kashagan buy that promise supplies sooner rather than later.
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Uranium – Reuters reported Iran's ambassador says the country is willing to have new talks about its uranium enrichment program if the United States and other powers are more constructive.
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