All tagged Mohammad Kazerani

Unable to Buy Iran Oil, New Turkish Refinery Turns to Russia

◢ Azerbaijan’s state oil company is turning to Russia to supply a new $6.3 billion refinery it built in Turkey because shipments from one of its preferred suppliers—Iran—are off the table due to U.S. sanctions. “If there were no restrictions, we would buy Iranian crude,” he said, adding that the refinery can purchase oil from anywhere “as long as our model supports it,” although in practice Azerbaijan’s own light crude isn’t really suitable.

Iran Traders Ride Bull Market Despite US Sanctions

◢ Iran's stock market is thriving, despite US sanctions which have battered its economy and an uncertain future as geopolitical tensions soar in the Gulf. Tehran Stock Exchange was buzzing Monday after the latest spike in a 12-month bull market, mostly caused by the crash of Iran's currency, the rial.