World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
U.S. Sanctions Hit Iran’s Plan to Tap Giant Gas Trove
Keywords: Iran Sanctions, Iran Exports 2018,
Iraq is Iran's most promising market for gas exports. Iraq needs the gas for its power stations now that Islamic State has been decisively cleared from Iraq. Yet Iraq is having difficulty making payments to Iran for gas supplies because banks are not ready to handle the payments with the reimposed tighter U.S. sanctions and restrictions. The deputy head of media at the Electricity ministry in Iraq, Sadoun Shehan, told WSJ that transfer of money by Iraqi banks is prevented because of U.S. sanctions. U.S. sanctions were reimposed by the Trump administration after they were lifted in January 2016. The new sanctions prohibit gas exports from Iran. Iran had hoped to make the sales and also export to the European Union when sanctions were lifted.
Iranian exports of gas that started in 2017 were itself delayed for 4 years by the war from Islamic State. Iran has the second largest reserves of natural gas in the world. The Trump administration's sanctions have led to a drop of Iranian crude shipments by 29% in 3 months and added to upward pressure on oil prices to take prices to $80 a barrel.
This issue has implications for India and China, particularly India as it faces both higher prices for oil and the tight restrictions in purchase of Iranian oil.
Iran's economy in 2018 with Trump administration sanctions
08/10/2018
Grouped Articles
American sanctions bring more agony to Iran’s dysfunctional economy
The Economist 08/10/2018
U.S. Vows to Grant Few Waivers on Iran Sanctions
WSJ 08/22/2018
U.S. Sanctions Hit Iran’s Plan to Tap Giant Gas Trove
WSJ 10/05/2018
Iran’s Economic Crisis Drags Down the Middle Class Almost Overnight
12/26/2018
Iran Seeks to Rally International Support Against U.S. Pressure
WSJ 06/18/2019
U.S. Treasury sanctions on Iran in Jan. 2016 following ballistic missile tests in Nov. 2015
12/31/2015
Grouped Articles
Obama Administration Preparing Fresh Iran Sanctions
Wall Street Journal 12/31/2015
U.S. Lawmakers Blast Delay on Iran Sanctions
Wall Street Journal 01/02/2016
Wall Street Journal 01/02/2016
US slaps new sanctions on Iran over missile test | News | DW.COM | 03.02.2017
DW.COM 02/03/2017
U.S. Sanctions Hit Iran’s Plan to Tap Giant Gas Trove
WSJ 10/05/2018
Iran Seeks to Rally International Support Against U.S. Pressure
WSJ 06/18/2019
Faces in Iran with the lifting of sanctions in Jan. 2016- will it help ordinary Iranians after years of living under sanctions?
01/16/2016
Grouped Articles
In Tehran, Iranians Play Down Milestone
New York Times 01/16/2016
Sanctions relief could strengthen hand of Iran’s reformers, but perils remain - The Washington Post
Washington Post 01/18/2016
U.S. Vows to Grant Few Waivers on Iran Sanctions
WSJ 08/22/2018
U.S. Sanctions Hit Iran’s Plan to Tap Giant Gas Trove
WSJ 10/05/2018
Iran Seeks to Rally International Support Against U.S. Pressure
WSJ 06/18/2019
The near collapse of Iran's state owned Gas Company following crippling western sanctions
11/19/2013
The failure to develop natural gas resources with the withdrawal of Total and other western oil companies and the lack of access to new technologies is severely hurting Iran. Iran sits on top of the world's second largest gas reserves but gas exports are limited to Turkey and Azerbaijan. Qatar which borders a large Iranian gas field has moved to develop its gas reserves with the help of Shell and other oil companies.
Grouped Articles
Iran State Gas Company Faces Collapse, Hit by Sanctions
Wall Street Journal 11/19/2013
Iran Courting Western Oil Companies in Case Sanctions Are Eased
Wall Street Journal 11/22/2013
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
I.M.F. Study Details Perils of Iranian Economy
New York Times 02/12/2014
Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease
Wall Street Journal 07/02/2014
With Natural Gas Byproduct, Iran Sidesteps Sanctions
New York Times 08/12/2014
India-Iran trade and sanctions against Iran
02/09/2012
Grouped Articles
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
In Iran, Business Deals Rarely Smooth
Wall Street Journal 07/15/2015
U.N. Moves to Lift Iran Sanctions After Nuclear Deal, Setting Up a Clash in Congress
New York Times 07/20/2015
Iran Nuclear Deal Set to Take Effect
Wall Street Journal 01/16/2016
Iran Opening Stirs New Interest From Businesses
Wall Street Journal 01/23/2016
China Deepens Its Footprint in Iran After Lifting of Sanctions
New York Times 01/24/2016
Iran sanctions by the Trump administration in 2017-2018
02/03/2017
Grouped Articles
US slaps new sanctions on Iran over missile test | News | DW.COM | 03.02.2017
DW.COM 02/03/2017
Trump’s First Weeks Leave Washington— and the White House Staff—Panting
WSJ 02/03/2017
U.S. Strike in Syria Raises Tensions With Iran
WSJ 04/07/2017
Trump Recertifies Iran Nuclear Deal, but Only Reluctantly
The New York Times 07/18/2017
Trump Issues Dire Warning to North Korea in Address to U.N.
WSJ 09/19/2017
U.S. Demands Changes to Iran Nuclear Deal, Tillerson Says
WSJ 09/20/2017
Iran's private sector business organizations following the lifting of western sanctions in 2016- lack of foreign exchange for imports
02/05/2016
Most of the benefits of lifting sanctions go to large public sector organizations such as Iran Air, Khodro in automobiles sector, and other public sector companies. After years of growth in the public sector, the private sector in Iran is woefully under developed.
Grouped Articles
In Iran, State-Backed Companies Win From Lifted Sanctions
New York Times 02/05/2016
European Companies Rushed to Invest in Iran. What Now?
05/09/2018
U.S. Sanctions Hit Iran’s Plan to Tap Giant Gas Trove
WSJ 10/05/2018
Iran's central bank, its banking system and sanctions
08/08/2011
Grouped Articles
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
I.M.F. Study Details Perils of Iranian Economy
New York Times 02/12/2014
Iran Central Banker Akbar Komijani Seeks Economic Turnaround
Wall Street Journal 07/02/2014
Iran poised to choose poverty over nuclear disarmament - The Washington Post
Washington Post 11/01/2014
U.N. Moves to Lift Iran Sanctions After Nuclear Deal, Setting Up a Clash in Congress
New York Times 07/20/2015
Iran Nuclear Deal Set to Take Effect
Wall Street Journal 01/16/2016
Iran's relations with Iraq and the sanctions
08/18/2012
Grouped Articles
Clashes Carry Worries of a New Civil War
New York Times 04/28/2013
Iran Seeks Respite From Sanctions in Iraq
Wall Street Journal 07/23/2013
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
Iraq Crisis: Nouri al-Maliki Quits
Wall Street Journal 08/15/2014
U.S. Strategy in Iraq Increasingly Relies on Iran
New York Times 03/05/2015
U.N. Moves to Lift Iran Sanctions After Nuclear Deal, Setting Up a Clash in Congress
New York Times 07/20/2015
Iran's oil exports in 2016 as economic sanctions are lifted in Jan. 2016
01/17/2016
Experts say Iran's oil exports will only gradually increase to about 400,000 in 6 months, because it is in Iran's interest not to depress oil prices further than $30 a barrel.
Grouped Articles
Oil glut dampens Iran’s hopes for big cash flows as sanctions lift - The Washington Post
Washington Post 01/17/2016
Iran Opening Stirs New Interest From Businesses
Wall Street Journal 01/23/2016
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/2016
Oil prices, financial markets sink after production limit plan fails - The Washington Post
Washington Post 04/18/2016
U.S. Vows to Grant Few Waivers on Iran Sanctions
WSJ 08/22/2018
U.S. Sanctions Hit Iran’s Plan to Tap Giant Gas Trove
WSJ 10/05/2018
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us