Bloomberg: India may pay for its oil imports from Iran in yen or the United Arab Emirates’ dirham to avoid straining its relations with the U.S. and the European Union, Asharq al-Awsat said today, citing an Indian official.
India may settle Iran oil imports in Dirham, Yen, Asharq says
India, Iran have not yet resolved oil payments impasse – sources
Reuters: India and Iran have not yet resolved an impasse over settlement of payments, three Indian industry sources familiar with the matter said on Friday, contradicting reported comments by Iran’s deputy oil minister.
India, Iran aim to resolve oil payments impasse
Reuters: Central bank officials from India and Iran were due to meet on Friday to try to keep their oil trade running, with New Delhi aiming to balance its energy needs with global diplomatic interests.
A banking giant’s moral bankruptcy on Iran
Wall Street Journal: HSBC’s glib ad suggests that the Islamic Republic is hospitable to artists, especially women.
Essar Nov oil imports up 7.6 pct y/y, Iran top – trade
Reuters: Essar Oil raised monthly imports from top supplier Iran by over a third in November and may have bought for the first time Lavan and Marum grade from the OPEC member, data from trade sources showed.
Iran threatens trial for opposition leaders
AP: Tehran’s chief prosecutor said Friday it was only a matter of time before opposition leaders are put on trial for the unrest following the disputed 2009 presidential election, the latest sign that Iranian authorities may make a potentially explosive escalation of their crackdown.
Q+A-How markets could react to Iran-India oil row?
Reuters: Officials from Iran and India will meet on Friday for talks on a dispute over how India makes payments for $12 billion worth of crude oil imports a year.
Iran’s Asian crude buyers see flow steady despite finance sanctions
Reuters: Most of Iran’s biggest crude buyers in Asia are finding ways around difficulties in financing oil trade and see little disruption in 2011 flows after cuts this year, even as a dispute over payment methods threatens to stall sales to India.
India hopes for quick solution to Iran payments issue
Reuters: India expects a solution to its dispute with Iran over payments for oil in the next few days, its oil secretary said on Thursday, which would rescue trade worth $12 billion a year to the sanctions-hit Islamic Republic.
Iran reformist editor out on bail: report
AFP: Iran has released on bail one of three editors of the leading reformist newspaper Shargh who had been arrested earlier this month, opposition website Kaleme.com reported Thursday.
