Tightening sanctions and Iran’s reactions have become a race against time. Every day brings a new event as the competition between the US and Iran plays out on a global level.

• January 25, 2012

Ukraine aims to increase the production of its own natural resources by exploring alternative resources and expanding coal production, the president said.

• January 24, 2012

The decision by European Union foreign ministers to stop taking deliveries of crude oil from Iran might well represent a momentous change and a blow to Tehran.

• January 23, 2012

Russia has condemned a decision by the European Union (EU) to impose tougher sanctions against Iran, warning such measures will only make things worse with regards to Tehran’s nascent nuclear program and undermine the diplomatic process.

• January 23, 2012

China's premier, Wen Jiabao, was in the Persian Gulf this week talking about oil.
China has become increasingly concerned about all the threats of conflict with Iran in the Persian Gulf, which supplies China with a great deal of its oil.

• January 21, 2012

Iran is being paid for oil sales to India through a Turkish bank, the managing director of the National Iranian Oil Company said Friday on Mehr news agency.

• January 21, 2012

U.S. Ambassador to the OSCE Ian Kelly on behalf of his government is insisting on permitting independent doctors to examine the state of health of ex-premier Yulia Tymoshenko, who is now in the Kachanovska prison, the press service of the Batkivschyna party said on Saturday.

• January 21, 2012

The African Energy Indaba, which will be held from February 21 to 23 in Johannesburg, has teamed up with Eastern European regional energy forum Foren, said the South African National Energy Association (Sanea) chairperson Brian Statham.

• January 19, 2012