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- Iranian official: Expect record oil prices over nuclear sanctions
Iran's finance minister believes oil prices could rise as high as $160 a barrel thanks to sanctions over its nuclear program, a prediction that comes just as the chief of the United Nations nuclear watchdog agency headed to Tehran on Sunday for high-level talks.
- Iran's budget revised higher at $453 bn
 Iran on Sunday announced an upward revision of its annual budget, as a rise in oil prices appeared to mitigate the impact of international sanctions on its economy.
- G-8 Pledges Support to Oil Market, Ramps Up Pressure on Iran
WASHINGTON — The Group of Eight leaders ramped up pressure on Iran today, pledging unprecedented support to the global oil supply, on the second day of the G-8 Summit at Camp David. In a strongly worded statement, the G-8 said that increasing disruptions in the...
- G8 leaders take up eurozone crisis
World leaders huddling at the Group of Eight meeting on Saturday committed to taking "all necessary steps" to bolster the global economy and geared up to deal with possible oil supply disruptions ahead of tough sanctions on Iran.
- G8 committed to keeping oil markets supplied: U.S.
CAMP David., Md (Reuters) - The Group of Eight leaders are committed to keeping global oil markets supplied as sanctions on Iran's crude supply take force, but did not discuss a specific trigger that would prompt action, a U.S. official said on Saturday. Michael Froman, a senior White House aide, told reporters that although oil prices have been declining in recent weeks, they remain high. ...
- Obama Pushes Growth, Stability at G-8 Summit
WASHINGTON –President Obama suggested that European austerity should be tempered with efforts to stimulate growth, as the eight leaders of the world’s largest economies gathered at Camp David for a summit that was also expected to touch on Iran’s nuclear ambitions and the ongoing bloodshed...
- G8 raises pressure on Iran with oil commitment
CAMP DAVID, Maryland (Reuters) - Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, committing to a common approach on its nuclear program and indicating they would be ready to act together to lower oil prices if necessary. "All of us are firmly committed to continuing with the approach of sanctions and pressure in combination with diplomatic discussions," U.S. President Barack Obama told reporters at the G8 meeting at the presidential retreat in Camp David. ...
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G8 leaders sent a strong message to Iran on Saturday that tough energy sanctions would be firmly applied, vowing to ensure oil markets are adequately supplied and to prevent soaring crude prices.
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