All tagged S&P Global Platts

Iran’s Oil Exports May Be More Resilient Than Headlines Suggest

Iran’s Oil Exports May Be More Resilient Than Headlines Suggest

Esfandyar Batmanghelidj
Economy

◢ Iran is resorting to “Houdini tricks” to sustain oil exports as US sanctions loom and new data suggests the magic might be working. While S&P Global Platts has reported Iran’s September exports at about 1.7 million bpd, marking an 11 percent decline from August, data from TankerTrackers.com, puts the export volume at just over 2 million bpd. The divergence in the datasets represents not merely 300,000 bpd, but also the difference between two narratives about the state of Iran’s exports in the face of returning US sanctions.

Over-Compliance on Iran Sanctions Can Lead to Discrimination

Over-Compliance on Iran Sanctions Can Lead to Discrimination

Tom Keya
Policy

◢ Ireland’s Workplace Relations Commission has fined an unnamed bank EUR 20,000 for discrimination against an Iranian couple. The ruling points to a growing case precedent in Europe on acts of sanctions over-compliance which lead to discrimination of Iranian persons or individuals and businesses who maintain financial links to Iran.