The Jerusalem Post annual conference: 7 Israeli ministers will meet you there!
Dubai fueled by cheap Iran oil as US ups pressure
ByREUTERS
October 18, 2012 13:53

DUBAI - The United States and Dubai are negotiating an end to the desert emirate's Iranian oil imports to head off the threat of US President Obama sanctioning a trade that has riled Gulf Arab oil producers, industry sources and diplomats said.

Washington in the summer tightened controls on financial transactions for importing Iranian condensate, a light hydrocarbon, as part of US efforts to starve Tehran of revenues for its disputed nuclear program.



But Dubai is still buying the oil while US officials encourage the Dubai-government-owned Emirates National Oil Company (ENOC) to find another source of supply.

"The Americans did ask ENOC to stop importing but this is still going on," a UAE oil industry source said of the continued imports by fuel-poor Dubai.

Share this article via
from around the web
Related Content
Breaking news
February 28, 2017
Four missing after small plane crashes into California house

By REUTERS

Top Stories
Israel Weather
  • 14 - 28
    Beer Sheva
    14 - 27
    Tel Aviv - Yafo
  • 12 - 21
    Jerusalem
    15 - 22
    Haifa
  • 15 - 28
    Elat
    16 - 26
    Tiberias