Ratings agency

An Iranian war-boat fires a missile during the ‘Velayat-90’ navy exercises in the Strait of Hormuz in southern Iran on December 30, 2011.

The fact that some of the world’s largest oil and gas reservoirs are 100% owned and operated by national oil companies could benefit international oil companies if economic sanctions imposed on Iran constrain the country’s petroleum production, Moody’s Investors Service said in a recent note. Keep reading →