Tag Archives: Iran

Iran to Allow iPhone Imports: State Media

Iran is preparing to allow local companies to import iPhones for the first time to try to curb the huge market in smuggled Apple products, state media reported Thursday. The trade ministry has requested licences from the country’s Trade Promotion Organisation for nine Iranian companies to import iPhones, according to the Tasnim news agency. Unofficial Apple stores are common in ... Read More »

US Crude Climbs Further on Iran Support for Oil Output Cap

Singapore: U.S. crude futures rose as much as 3 percent in early Asian trade on Thursday after Iran backed plans by Russia and Saudi Arabia to cap crude oil production at January levels, extending steep gains in the previous session. U.S. crude jumped $1.06 shortly after Asian markets opened, and was trading up 77 cents at $31.43 a barrel as ... Read More »