Iran sanctions relief under a change in US president represents the biggest supply and price impact for global oil markets

The EU considers the extraterritorial application of unilateral restrictive measures unlawful and contrary to international law.

Farzad-B gas field was discovered by a consortium of three Indian companies ONGC, Oil India Limited and Indian Oil Corporation in 2008 in the Farsi offshore block of the Persian Gulf. Tehran and New Delhi have since negotiated the terms of the field’s development for years.

U.S. sanctioned Iran-based Abadan Refining; China-based Zhihang Ship Management, New Far International Logistics and Sino Energy Shipping; and UAE-based Chemtrans Petrochemicals Trading.

Iraq is under US pressure to wean itself off Iranian electricity and gas imports,

Grossi reportedly said: "The IAEA will not succumb to outside pressure over Iran. The agency is not swayed by any third party, but naturally there is some pressure which the agency will not bow to …

Iranian President Hassan Rouhani has inaugurated three major gas projects worth over $5.5 billion

Turkey’s natural gas imports in the January-June period of this year dropped by 3.5% to 22.5 billion cubic meters (bcm). Out of this amount, Turkey imported 12.1 bcm via pipeline and 10.3 bcm as liquefied natural gas (LNG).

Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021.

The US in May extended Iraq's sanctions waiver for 120 days to import Iranian electricity,