Iran's oil exports have reached their highest level since the re-imposition of U.S. sanctions in 2018, the country's Oil Minister Javad Owji said on Sunday, according to the semi-official Tasnim news agency.
Following the United States' exit from a 2015 nuclear deal and its re-imposition of sanctions on Tehran in 2018, Iranian oil exports and revenues have taken a significant hit as few countries -- with the notable exception of China -- continue to purchase Iranian crude.
The oil minister said that 83 million more oil barrels in the current year starting March 21, 2022, were exported compared to the previous Iranian year running March 2021-22.
This represents 190 million more barrels than two years prior according to Owji, who added that gas exports increased by 15% in 2022-23 compared to the previous Iranian year.
The United States on Thursday imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran's access to the global financial system, describing them as a "shadow banking" network that moves billions of dollars.
Brian O'Toole, a former U.S. Treasury Department official, said Thursday's action would put a dent in Iran's ability to keep moving oil and get paid for it.
(Reporting by Dubai Newsroom Editing by Raissa Kasolowsky and Frances Kerry)
How Iran chooses to respond could determine whether the region spirals further toward all-out war or holds steady at an already destabilizing level of violence.
Millions of Canadians will notice their clocks turn back by one hour on Nov. 3, marking the end of daylight saving time this year.
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Not all that glitters is gold, but the value of the precious metal has been surging this year.
A vehicle rammed into a crowd outside a cathedral in Mexico and injured at least 16 people Saturday night, local authorities said.
Former U.S. president Donald Trump has repeatedly referred to CNN anchor Anderson Cooper with a woman's first name in recent days as the Republican presidential nominee focuses his closing message on a hypermasculine appeal to men.
An Israeli attack on Iran damaged facilities at a secretive military base southeast of the Iranian capital that experts in the past have linked to Tehran's onetime nuclear weapons program.
Dodgers superstar Shohei Ohtani partially dislocated his left shoulder during the seventh inning of Saturday's Game 2 of the World Series against the New York Yankees when he tried to steal second base.
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Huntsville OPP and the Special Investigations Unit (SIU) are conducting a homicide investigation after three individuals were found dead in a Huntsville neighbourhood Friday evening.
Author and historian Brent Wilson released a new book on New Brunswick airmen from the First World War.
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When B.C. teenager Amanda Todd sat in front of her computer and detailed the relentless bullying and extortion she'd faced on social media, it sent a shock wave to parents around the world.
Recounts will begin Sunday afternoon in two ridings where candidates were separated by fewer than 100 votes following the initial count in the B.C. election.
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Republican vice presidential nominee JD Vance insisted that Donald Trump鈥檚 attacks on 'the enemy within' were not directed at Democratic Party leaders but dissenting Americans he described as 'far-left lunatics.'
Kamala Harris and Tim Walz will crisscross the United States to visit all seven battleground states in the coming days, part of a final blitz before the Nov. 5 election.
An Israeli attack on Iran damaged facilities at a secretive military base southeast of the Iranian capital that experts in the past have linked to Tehran's onetime nuclear weapons program.
Former U.S. president Donald Trump has repeatedly referred to CNN anchor Anderson Cooper with a woman's first name in recent days as the Republican presidential nominee focuses his closing message on a hypermasculine appeal to men.
Israel attacked military targets in Iran with pre-dawn airstrikes Saturday in retaliation for the barrage of ballistic missiles the Islamic Republic fired on Israel earlier this month. It was the first time Israel's military has openly attacked Iran.
RCMP Commissioner Mike Duheme says there has been a 鈥渟ignificant reduction鈥漷o the public safety threat since six Indian diplomatic officials were expelled from the country last week.
Minister Gary Anandasangaree has apologized to a group of Ontario First Nations for mismanagement of their money over a century ago.
A veteran Ottawa journalist is firing back against what he says are "entirely false" claims by a former Conservative cabinet minister that he acted as a Russian agent.
Whole Foods Market is joining the growing list of brands whose frozen waffles have been recalled in Canada this week because of possible listeria contamination.
Angela Salvatore had been away from her father's hospital bedside for just over an hour when she says she got a frantic call from a nurse, pleading with her to calm him down.
A U.S.-based food manufacturer that supplies frozen waffles to major grocery chains across North America has launched a voluntary recall over concerns its products carry the potential for illness.
The U.S. Bureau of Land Management has hosted the online competition since 2019 to raise awareness about the bat's ecological importance.
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The search for a popular tortoise that went missing from his home in Piedmont is over after his owner said he came home.
Lizzo has taken a rather silly reference to her on a recent 'South Park' episode and elevated it to a hilarious Halloween costume.
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Five things to watch for in the Canadian business world in the coming week: Bank of Canada, GDP figures, and results for Enbridge, Parkland, and Imperial Oil.
Natural gas producers in Western Canada have white-knuckled it through months of depressed prices, with the expectation that their fortunes will improve when LNG Canada comes online in the middle of next year.
Bank of Canada governor Tiff Macklem says the world has become more prone to supply shocks which create more risks to inflation, but the central bank is in a better place to deal with them now that inflation is under control.
Two witches talk about their daily rituals, from spell-casting to TikTok posting, and how they discovered their magic.
New Brunswicker Jillea Godin鈥檚 elaborate cosplay pieces attract thousands to her online accounts, as well as celebrities requesting their own pieces.
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The Indiana Fever fired coach Christie Sides on Sunday, the organization announced.
Real Madrid, the Spanish league and the local government condemned racist insults against Barcelona's player Lamine Yamal during Saturday's 'El Clasico.'
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Lac La Biche RCMP took a man they believed to be armed and dangerous into custody Sunday morning.
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Pop culture connoisseurs made their way by the masses to the fourth annual Winnipeg Comiccon this weekend.
No injuries have been reported in connection to a house fire in Regina鈥檚 North Central neighbourhood Saturday evening.
The Calgary Stampeders picked up their first road victory of the season Saturday, defeating the Saskatchewan Roughriders 27-12 in the final regular-season game of the year.
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Trillium Care in Norwich, Ont. has announced they will be closing their facilities, citing 鈥渁n emergency lack of financial resources necessary to sustain daily operations.鈥
Saskatoon fire crews responded to a major house fire on the 400 block of 24th Street West on Friday evening.
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The Calgary Stampeders picked up their first road victory of the season Saturday, defeating the Saskatchewan Roughriders 27-12 in the final regular-season game of the year.
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Former U.S. president Donald Trump has repeatedly referred to CNN anchor Anderson Cooper with a woman's first name in recent days as the Republican presidential nominee focuses his closing message on a hypermasculine appeal to men.
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Identical twins Chase and Sydney Brown talk on the phone every night. That was until this week, when, for the first time ever, the brothers will play against each other on a football field.
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Bracebridge OPP are searching for two suspects who allegedly broke into a Gravenhurst jewelry store early Saturday morning.
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Donated and reusable household items piled up in trucks outside the Windsor Family Credit Union Centre Saturday afternoon in an effort to divert goods from the landfill.
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Hulitan Early Years Centre is a brand new, 48-seat childhood learning centre in Colwood. It was built to support Indigenous children throughout the capital region.
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Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.
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Creditors have moved to take ownership of most of the properties in northern Ontario owned by a group of 11 insolvent companies.
Ontario Provincial Police have been cleared in the case of a woman who crashed her vehicle intentionally while she was high on drugs and fled into the woods earlier this year.
The union that represents hospital workers across the province is used a symbol from Greek mythology Friday in Espanola to drive home its campaign about the perils of privatization in health care.
Teams are facing off in a new eastern Newfoundland hockey league aiming to bring competitive play 鈥 and a few extra years on the ice 鈥 for young women in the province.
Investigators found the remains of a 77-year-old American man on Wednesday at the scene of a fire that destroyed a hotel in western Newfoundland earlier on the weekend.
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