Oil prices rebound slightly after ducking under $50

London (AFP) - World oil prices ducked briefly under $50 per barrel on Tuesday, before staging a modest rebound on the eve of the latest snapshot of US crude inventories.

Iran's March crude exports to fall to lowest since sanctions kicked in-sources

TOKYO/SINGAPORE: Iran's crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions cast doubt over its future revenues.

Iran sanctions could distort region's economy for years: Report

LONDON: Sanctions on Iran are so intricately woven that they will be very hard to untangle, while their impact in swelling Iran's black economy could undermine regional stability for years to come, the International Crisis Group says in a new report.

South Korea resumes Iranian oil imports: Report

SEOUL: South Korea has resumed imports of Iranian crude oil after halting them in July due to Western sanctions targeting Tehran's nuclear programme, a report said today.