US President Donald Trump's unexpected decision to ban all Iranian oil purchases after May 1 - ending exemptions for eight nations - came after hawkish economic and security advisors allayed the president's fears of an oil price hike, according to three sources familiar with the internal debate.

The debate behind Trump's move to tighten Iran oil sanctions

US sanctions on Iran could boost oil prices and inflation to a point that hurts the common person in India, the country's ambassador to the United States said on Tuesday after the Trump administration said it would end waivers for Iran's oil buyers.

India apprehensive Iran sanctions could boost oil, inflation

Iran's top general warned Sunday Tehran could close the strategic Strait of Hormuz shipping route if it faces more "hostility", news agency ISNA said, as the US tightens up sanctions.

Iran warns could shut Hormuz Strait if tensions grow

Iranian Foreign Minister Mohammad Javad Zarif does not believe US President Donald Trump wants war with Iran, but he told on Wednesday that Trump could be lured into a conflict.

Iran Foreign Minister Zarif believes Trump does not want war, but could be lured into conflict

Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.

Oil prices hit highest since November as US to tighten Iran sanctions

Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers.

World stocks splutter as oil races to near six-month high

Russia has truly entered the "great game" in Afghanistan. First, the Putin regime a few days ago hosted the Taliban and former Afghan President Hamid Karzai in Moscow, just a few days after the US concluded its Doha talks with the Taliban.

Great game-II: India-Pakistan-China gas pipeline powered by Russia cannot be discounted

China's foreign ministry spokesman Geng Shuang said the country highly appreciates the efforts made by European countries to uphold the Iran nuclear deal and supports the establishment of the new trade mechanism for Iran.

Firmly support EU efforts to safeguard Iran nuclear deal: China

France's finance minister said that a European-backed system to facilitate non-dollar trade with Iran and circumvent US sanctions should be established in the coming days.

Will be creating independent European financial institution to trade with Iran: France

Iran confirmed on Wednesday it had arrested an American, confirming US media reports about a case that risks further worsening relations with Washington. The New York Times reported on Monday that Michael White, a 46-year-old US Navy veteran, was arrested while visiting Iran and had been held since July on unspecified charges.

Iran arrests US navy veteran

Huawei Technologies Co Ltd's chief financial officer faces US accusations that she covered up her company's links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition.

US accuses Huawei CFO of Iran sanctions cover-up; hearing adjourned to Monday

Iraq's president Barham Salih on Sunday urged the United States to consider Baghdad's political and economic position as the countries negotiate on relief for Iraq from Washington's reimposed sanctions against Iran.

Iraq urges US to consider its position in talks on Iran sanctions

US midterms: Democrats scent victory over Trump's Republicans in Congress Democrats began to scent a big night in the US midterm elections Tuesday with early results pointing to them seizing the House of Representatives from the Republicans in what would be a dramatic rebuke to President Donald Trump.

News brief: Big stories of the day

US Secy of state, Mike Pompeo on Iran Sanctions

Israeli Prime Minister Benjamin Netanyahu on Saturday hailed US leader Donald Trump for reimposing sanctions against mutual foe Iran, ahead of a fresh round of penalties set to kick in Monday.

Israel's Netanyahu hails Trump for Iran sanctions

US President Donald Trump on Friday said that he is open to a new comprehensive deal with Iran, saying that till then the toughest-ever sanctions on the Middle-East country that kicks off on Monday would continue.

Donald Trump says he is open to new deal with Iran

The United States will add 700 individuals and entities to its Iran blacklist and pressure the global SWIFT banking network to cut off Tehran when expanded sanctions are put in place next week.

'Sanctions are Coming', tweets Trump as US reimposes all sanctions on Iran

US national security adviser John Bolton said on Wednesday the Trump administration wants sanctions on Iran's crude exports to strain Tehran, but does not want to harm countries that depend on the oil.

US doesn't want to harm friends, allies with Iran sanctions: John Bolton

Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero.

Trump's Iran sanctions resolve faces test from oil-thirsty China, India

Oil prices on Wednesday clawed back a fraction of their hefty losses the day before that came after Saudi Arabia said it would make up for supply disruptions from US sanctions starting next month on Iran's petroleum exports.

Oil edges back from big slump as Iran sanctions return to focus

The United States today dismissed the order passed by the International Court of Justice(ICJ) ordering the Trump administration to halt sanctions on "humanitarian" goods to Iran.

ICJ ruling on Iran meritless, says US

Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine demand, a Reuters poll showed on Friday.

Oil to rise as Iran sanctions outweigh demand risks from trade wars: Report

MEA spokesperson Raveesh Kumar on Wednesday communicated information over India's engagement over Iran sanctions at the United Nations General Assembly session adding that, "India remains engaged with all stakeholders who are a part of the process, Iran is one of them.

Iran shared parts of its discussions with EU; we heard, explained our position: MEA on Iran sanctions

Venezuela's crude production has fallen from almost 2.5 million barrels per day (bpd) in early 2016 to around 1.5 million bpd due to a political and economic crisis.

Oil rises as concern heats up over Iran sanctions, Venezuelan output

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