USD 65.6046

-0.02

EUR 72.6243

-0.21

BRENT 59.13

+0.04

AI-92 42.31

+0.03

AI-95 46.07

+0.02

AI-98 51.76

+0.01

Diesel 46.02

+0.03

15

ENI Continues Business in Iran Despite American Pressure

Italian energy giant ENI said it would continue to do business in Iran amid American pressure

Italian energy giant ENI said it would continue to do business in Iran amid American pressure for companies to cut investment in the country.

Paolo Scaroni told the Financial Times from Rome that ENI "will stick to our contracts," adding that it was not "appropriate" for anyone to force ENI to not honour those contracts.

Scaroni said ENI was waiting for Iran and the West to eventually get their relations "on a reasonable footing".

The United States slapped a fresh round of sanctions on Iran last month, amid an ongoing row between Iran and the West over the Islamic Republic's controversial nuclear programme.