Iranian Foreign Minister Hossein Amir-Abdollahian in a phone talk with his Pakistani counterpart Bilawal Bhutto Zardari said that Iran agrees with Pakistan that reopening of border markets leads to expansion of trade ties, and is ready to open the Pishin-Mand border market.
Iran currently holds about 93 million barrels of crude oil and gas condensate stored on vessels in the Persian Gulf, off Singapore and near China ready to be injected into the market if the nuclear deal is revived, Bloomberg reported citing ship-tracking firm Kpler.
The global oil market needs to increase supply from Iran, said Iranian Oil Minister Javad Owji adding that disrupting energy security and intensifying market fluctuations is a lose-lose game for all players in the field.
Officials and lawmakers negotiating an overhaul of the EU carbon market are struggling to reach a compromise over plans to levy CO2 costs on suppliers of polluting fuels, potentially putting the bloc's climate change targets at risk.
While Moscow faces increasing Western sanctions over the conflict in Ukraine, Western clothing brands are now expected to be replaced with Iranian ones in the Russian market over a span of three years.
A deputy chairman of the Non-Oil Export Commission of the Iran Chamber of Commerce, Industry, Mine and Trade (ICCIMA) said Russia will facilitate exports from Iran due to the war in Ukraine and Western sanctions.