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Japan mulls cuts in Iran oil imports to win US sanctions waiver

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Reuters: Japan is weighing various ways of securing a waiver on new U.S. sanctions against Iran, with reducing Iranian oil imports and dealings with its central bank possible options, government sources said on Thursday.

Huawei dismisses U.S. calls for probe of Iran business

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Reuters: Huawei Technologies Co Ltd said on Wednesday that calls by six U.S. lawmakers to investigate whether the giant Chinese telecommunications equipment maker has violated a sanctions law by supplying sensitive technology to Iran were based on inaccurate media reports.

Screws tighten on Iran as big buyers shun its oil

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Reuters: Iran faced the prospect on Thursday of cutbacks in its oil sales to China and Japan as new measures to cut off Tehran’s crude exports appeared to be driving its economy to the wall.

Iran ramps up warning over US navy in Gulf

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AFP: Iran on Wednesday renewed its warning to America against keeping a US navy presence in the oil-rich Gulf, underlining a threat that Washington has dismissed as a sign of “weakness” from Tehran.

Oil soars close to 8-month highs on Iran tensions

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AFP: Oil prices spiked close to eight-month highs on Wednesday as traders fretted over heightened tensions between key crude producer Iran and the United States over transit through the Gulf.

Iran dealings put Turkey’s Halkbank in spotlight

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Reuters: Turkish lender Halkbank , little known outside Turkey, has gained a reputation in the oil market over the past 18 months for handling transactions that other banks fear to touch – trade deals with Iran.

China downplays effect of new US sanctions on Iran

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AP: China says new U.S. sanctions targeting Iran’s central bank and its ability to sell petroleum abroad won’t affect its business dealings with Tehran.

Iran sanctions may cost Tupras $160 million, Ekspres says

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Bloomberg: A disruption in the supply of Iranian oil from any new sanctions may trim $160 million from Turkish refiner Tupras Turkiye Petrol Rafinerileri AS (TUPRS) earnings this year, Istanbul-based brokerage Ekspres Invest said.

Turkey to seek U.S. waiver on Iran oil – energy official

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Reuters: Turkey will seek a waiver from the United States to exempt Turkish oil importer Tupras from new U.S. sanctions on institutions that deal with Iran’s central bank, a Turkish energy official told Reuters on Wednesday.

3 Iranian guards face murder charges in Pakistan

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AP: A Pakistani official says three Iranian border guards held here face murder charges after fatally shooting a man inside Pakistan’s territory while chasing smugglers.