Iran

Geopolitics

Iran shoots down US military drone in Gulf region

DUBAI/WASHINGTON (June 20): Iran has shot down a US drone which the elite Revolutionary Guards said on Thursday was flying over southern Iran, raising fears that a major military confrontation could erupt between Tehran and Washington.

Geopolitics

US blames Iran for oil tanker attacks as gulf tensions climb

(June 14): The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf, escalating tensions between the two rivals despite denials from officials in Tehran and a lack of public evidence for the US claim.

Update

Huawei CFO granted $10 mil bail as US seeks extradition

VANCOUVER (Dec 12): Huawei Technologies Co Chief Financial Officer Meng Wanzhou was granted bail by a Canadian court, allowing the executive to stay in her Vancouver home as she awaits a possible extradition to the US over fraud charges.

Investing strategies

10 events that matter to investors in final quarter of 2018

(Oct 9): With the final quarter of 2018 fast approaching, we look at the key events on the agenda for investors. As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likel

Broker's Calls

O&G sector due for a turnaround on rising capex in 2019 & beyond, says DBS

SINGAPORE (Oct 5): DBS is maintaining its average Brent crude oil forecasts of ~US$75/bbl for 2018 and US$75-80/bbl for 2019, with the intention to monitor developments in the coming weeks.

Hyflux wins second contract for Iran desalination project despite restructuring

SINGAPORE (July 11): Hyflux has received a letter of intent (LoI) for the award of a second contract from Asia Water Development Engineering Company (AWDEC) for a seawater reverse osmosis desalination package at Bandar Abbas, Iran.

Broker's Calls

Forget Iran, watch Iraq for impact on O&G stocks: OCBC

SINGAPORE (May 9): US President Donald Trump announced last night in Washington he will withdraw the US from an Obama-era nuclear agreement with Iran.
From Bloomberg

Iran fires several missiles at Syria following Tehran attacks

(June 19): Iran’s Revolutionary Guard said it fired a number of missiles at Islamic State targets in Syria in response to recent attacks in Tehran, the semi-official Tasnim news agency reported.

Crude Oil

Oil prices jump on report Iran could support Opec limits

NEW YORK (Aug 24): Oil prices jumped on Tuesday after a new report that Iran could support an effort by Opec and Russia to freeze production and firm up prices.
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