Official: Iran to bypass sanctions
Tasnim – Head of Iran’s Plan and Budget Organization Mohammad Baqer Nobakht said on Saturday that the country has devised a “comprehensive…
Economy
Iran OPEC boss lambastes Saudi Arabia, UAE for welcoming Iran oil sanctions
Shana — Iran’s OPEC Governor Hossein Kazempour Ardebili said not much is left of OPEC’s international credibility as an organization thanks to…
Iran says two US Departments manipulating its currency market
IFP – A report by the Iranian government says the US state and treasury departments, along with the country’s intelligence bodies, have…
Europe looks to thwart Trump’s Iran sanctions
Politico – Europe’s biggest economic powers are planning to create a “special purpose” financial company to thwart U.S. President Donald Trump’s sanctions…
Japan buyer loads last Iranian oil cargoes as US sanctions deadline nears
S&P Global Platts – A Japanese buyer has loaded what appears to be the last Iranian oil cargoes for arrival in early…
Iran endures longest gap in China oil buying in at least 3 years
Bloomberg – Iran just endured the longest gap without sending oil to its biggest customer in at least three years as imminent…
Iran’s gas condensate exports drop nearly 41%
MNA – Iran’s export of gas condensates from March to August stood at 4.1 million tons worth $2.1 billion, which shows a…
Reuters claims India’s Iran oil purchases to fade ahead of US sanctions
MNA – Reuters claimed Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from…
US studying possible Iran sanctions waivers: Pompeo
Press TV – US Secretary of State Mike Pompeo says Washington is studying issuing possible waivers for countries and businesses that want…
Iran says oil market is too tight for U.S. zero exports target
Reuters – The U.S. will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and…
Germany looking at payment system with Iran to save nuclear deal
Reuters – Germany and its European partners are considering setting up a payment system with Iran that allows the continuation of business…
Iranian president appoints ex-CBI chief as banking adviser
Tasnim – Iranian President Hassan Rouhani appointed the former governor of the Central Bank of Iran (CBI) as his new adviser in…
Europe’s hollow threats
Iranian Diplomacy | Mohammad Ghaderi: Although there has recently been lots of controversies on issues such as developing an “independent payment system”…
SAIPA Citroen reassures customers
Financial Tribune – In a statement published on SAIPA-Citroen’s website, the joint venture between the French automotive firm and its Iranian partner…
Frozen beef imports near 43K tons
Financial Tribune – Iran imported 42,925 tons of frozen beef worth $183.18 million during the first five months of the current fiscal…
Iran deal advocate says EU will have to bend to U.S. sanctions
Bloomberg – Europe will have no choice but to comply with U.S. sanctions on Iran, according to Javier Solana, a former NATO…
South Korea seeking ways to continue trade transactions with Iran
MNA – Speaker of the National Assembly of the Republic of Korea said his country is looking for ways to continue economic…
Iran’s options to face down US oil sanctions
Bourse and Bazaar | AFP: Iran faces a potentially crushing loss of oil exports when US sanctions return in November, but the impact…
Iran, Turkmenistan to boost mutual trade to $60b
IFP – Mahmoud Vaezi, the chief of staff of Iranian President Hassan Rouhani, says Tehran and Ashgabat are seeking to upgrade the…
No change in policy over IP: Pakistan
IRNA – Pakistan foreign ministry spokesperson says there is no change in country’s policy over Iran-Pakistan (IP) gas pipeline project and strengthening…
‘Crucial period’ for oil as Iran exports shrink: IEA
AFP – Global oil output hit a record of 100 million barrels per day in August, but the market may tighten and…
Iran floats surplus oil as demand falls ahead of U.S. sanctions
Reuters – Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the United Arab Emirates for about…
Cigarette tax revenues witness 42% growth
Financial Tribune – The government earned 2.5 trillion rials ($20.66 million) from cigarette tax in the first four months of the current…
Iran factor seen in Tajikistan’s stranded trucks
Bourse and Bazaar – For the last two weeks, around 50 trucks traveling to or from Tajikistan have lain stranded on the…
Not possible for US to bring Iran’s oil export down to zero: Ryabkov
Tasnim – Russian Deputy Foreign Minister Sergei Ryabkov said he believes it is not possible for the “unrealistic” US to bring down…
Supervisory, intelligence agencies endeavor for economic management
IRNA – Secretary of the Guardian Council Ahmad Jannati urged dealing with the economic disturbances, management of economic situation as soon as…
Iran, India, Afghanistan agree to boost cooperation on Chabahar
IFP – The first tripartite meeting of Iran, Afghanistan, and India was held on September 11, 2018 at the level of deputy…
OPEC sees boost in oil production ahead of Iran sanctions
The Wall Street Journal | Christopher Alessi: OPEC’s total oil production climbed last month, in a sign the oil cartel is sticking…
Here’s how the European Commission will allocate EUR 18 million in Iran
Bourse and Bazaar | Esfandyar Batmanghelidj: For Iran, EUR 18 million represents just a drop in the bucket in terms of the…
Official shrugs off US warning about Iran’s airspace
Tasnim – An Iranian official dismissed a warning from the US to the airlines operating over Iran, saying the attempts by Western…
Iran directive tightens control on steel and petrochemical exports
S&P Global Platts – The Iranian government has announced a new rule for steel and petrochemical exports with immediate effect, according to…
Iran to sue ATR over breaking deal under US sanctions
MNA – Iran will file a lawsuit against the Franco-Italian turboprop planemaker ATR over breaking its contract with Tehran under US sanctions,…
Trump’s sanctions on Iran could push oil prices above $100 per barrel
CNBC – U.S. sanctions on Iran’s energy industry, when they come into effect in November, could potentially drive oil prices above $100 per barrel,…
Bringing Iran oil exports to zero impossible: MP
SHANA – A member of the Iranian parliament said, “Bringing Iran’s oil exports to zero is practically impossible.” According to the parliament’s…
Iran resorts to storing oil in fleet of supertankers. Again
Bloomberg – Iran is starting to store oil on its fleet of supertankers again as impending U.S. sanctions force the Persian Gulf…
Iran’s aluminum consumption rate exceeds 12% higher than global average level
MNA – Deputy Minister of Industry, Mine and Trade Mehdi Karbasian said that Iran overtakes the global average level with its 12…
Oil nears $80 a barrel as concern grows over global supply
Reuters – Oil cut earlier losses and rose towards its highest level this year on Wednesday, after a drop in U.S. crude…
Liquidity surpasses $150b
Financial Tribune – The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end…
Lucrative delicacy made in Qom: $2b exported p.a.
Financial Tribune – Some $2 billion worth of sohan–a traditional Persian saffron brittle toffee made in Iran–are exported from Qom Province in…
Tehran careful to frame steps against money laundering as independent move
Al-Monitor – One of the most controversial topics as Iranian officials continue to grapple with the re-imposition of US sanctions has been…