Dubai fueled by cheap Iran oil as US ups pressure
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.ByREUTERS06/08/2025 07:57 AMByREUTERS06/08/2025 05:36 AMByMAARIV06/07/2025 02:33 PMByWALLA!06/07/2025 11:18 AMByREUTERS06/07/2025 03:25 AM
