India pays $550 million in oil dues to Iran: sources

(Reuters) - India paid a second instalment of $550 million in oil dues to Iran on Tuesday under an interim deal that has allowed Tehran access to $4.2 billion in blocked funds globally, two industry sources said.

Iran’s Next President Faults Ahmadinejad on Economy

TEHRAN — Iran’s president-elect, Hassan Rowhani, painted a bleak picture of the country’s economy on Monday, blaming the departing administration of President Mahmoud Ahmadinejad for high inflation and unemployment, and saying it “has left much work to be done.

North Korea May Take Action to Jolt Economy, Analysts Say

SEOUL, South Korea — North Korea said Wednesday that it would convene its Parliament this month, an unusual session that South Korean analysts said might officially introduce a program by the country’s leader, Kim Jong-un, to revitalize the nation’s moribund economy.

Exclusive: Japan to import no Iranian oil in July: sources

(Reuters) - Japan will not import any Iranian crude in July as buyers held back to avoid any risk of running foul of EU sanctions targeting insurance, which have severely disrupted the OPEC member's supplies, industry and government sources said on Wednesday.