U.S. sanctions seen barring IT platform of insurer Lloyd’s for Iran trade
Reuters – New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance,…
Economy
India ‘likely’ to abolish rials-rupee trade agreement with Iran
MNA – In the wake of US pressures, India will likely cancel rials-rupee trade agreement with Iran, which was inked three years…
Iran’s investment in generating solar power to increase
MNA – Iranian Minister of Energy Reza Ardakanian said that huge investment will be made in the field of generating more solar…
Paris request for US waivers on Iran trade rejected: French finance minister
Press TV – France says the US has rejected its request to exempt French companies from sanctions that Washington plans to impose…
Senior cleric urges president to consider CBI independence
MNA – This week’s Friday Prayers Imam in Tehran Seyed Mohammad Hassan Aboutorabifard called on Iranian President Rouhani to consider independence of…
US to impose sanctions on all Iranian oil importers: Mnuchin
MNA – US Treasury Secretary Steven Mnuchin said that US intends to use sanctions against China, Russia, EU and other countries which…
Afghan immigrants leaving Iran after devaluation of Iranian currency
IFP – A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent decline in the…
Total leaves Iran after failing to obtain US sanctions waiver
MNA – Chief Executive of France’s Oil Major Patrick Pouyanné said that his company left Iranian South Pars Gas Field since it…
U.S. oil exports to India soar ahead of sanctions on Iran
Reuters – U.S. crude oil exports to India hit a record in June and so far this year are almost double last…
Sanaei hails Iran-Russia banking relations
MNA – Iranian Ambassador to Moscow Mehdi Sanaei hailed the good banking relations between Iran and Russia, saying the necessary conditions have…
Russia ready to invest up to $50bn in Iran’s oil sector
MNA – Oil cooperation between and Russia can be boosted to some $50 billion and Moscow has expressed readiness to make this…
Iran opens secondary forex market aiming to ease Dollar shortage
Bloomberg – Iran has launched a secondary market for foreign exchange to ease a dollar shortage ahead of the return of U.S.…
Japan’s biggest bank to halt Iran-related transactions
MNA – Mitsubishi UFJ Financial Group Inc (MUFG), which is considered the biggest bank of Japan, will stop all transactions related to…
Indian refiners send mixed signals on Iran sanctions
Press TV – India’s state refiners raised Iranian oil imports in June even though overall loadings from the Islamic Republic declined in…
Saudis collected 3.5 million gold coins from Iran market
IFP – An Iranian lawmaker claims the Saudis have sent agents to Iran to collect some 3.5 million gold coins from Iran…
Relative calm seen in Iran’s currency market
Press TV – Serious signs have appeared in Iran that show the country’s volatile foreign currency market is already heading toward stability.…
Fig exports at 11,000 tons
Financial Tribune- About 50,300 tons of figs were produced in Iran during the last Iranian year (ended March 20, 2018), of which…
Value of Tehran home deals up 44 percent
Financial Tribune- The total value of all residential deals registered by Tehran’s real-estate agents increased by about 44% compared with the similar…
The pros and cons of Iran’s oil threat
Iranian Diplomacy | Kaveh L. Afrasiabi: As the Iranian economy begins to feel the growing pain of American-led sanctions, the question of a…
US unlikely to permit airframers to support Iran-owned aircraft
Flightglobal– A top US official has made clear that the US government is unlikely to issue any licenses that would allow companies…
Pakistan voices readiness to complete gas pipeline with Iran
MNA– Deputy Chairman of the Senate of Pakistan, Saleem Mandviwalla, said Wed. that his country is keen on complementing a long-awaited gas…
Pompeo to press European allies over Iran on NATO summit sidelines
Press TV – US Secretary of State Mike Pompeo is reportedly set to meet with senior British, French and German officials on…
Gasoline imports decline by 36% in Q1
MNA – Chief Executive of the National Iranian Oil Products Distribution Company (NIOPDC) Alireza Sadeghabadi said that gasoline import into the country…
Iran’s steel output up by 22%
MNA – Minister of Industry, Mine and Trade Mohammad Shariatmadari said that steel production volume has reached a 22 percent growth in…
Iran slams India for not making promised investments in Chabahar Port
NDTV – Iran on Tuesday criticised India for not fulfilling its promise of making investments in expansion of the strategically located Chabahar…
Oil falls after Trump threatens to escalate trade war with new tariffs
Reuters – Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump…
US policy to prevent Iran from exporting oil doomed to failure
MNA – In his meeting with Russian Ambassador to the Islamic Republic of Iran Luan Jagarian, Iranian Parliament Speaker’s Special Aide Hossein…
US calls on Germany to block Iran’s request to return $350 mn
Press TV – The US ambassador to Germany has urged Berlin to deny Iran’s request to withdraw €300 million ($350 million) from…
US will consider requests for waivers from Iran oil sanctions: Pompeo
IRNA – The United States will consider requests from some countries to be exempted from sanctions it will put in effect in…
Trump’s delusional Iran oil gambit is decades too late
RT | Dan Glazebrook: Trump is using everything he’s got to wage economic war on Iran. His problem is that ‘everything he’s…
Last year’s pistachio exports at 649,000 tons
Financial Tribune- Around 649,000 tons of pistachios were produced in Iran during the last Iranian year (March 2017-18), of which more than…
US exports to Iran jump by 60% in 5 months
Tasnim – The total value of US exports to Iran during the first five months of this year has increased by 60…
IISS: US exit from JCPOA nudged Europe towards East
IRNA – The International Institute for Strategic Studies says US withdrawal from the JCPOA and the ensuing disruption in Europe’s trade with…
Iran’s oil export ‘likely’ to drop by 500k bpd following new sanctions
MNA– According to the latest statistics of the National Iranian Oil Company (NIOC), Iran’s oil export volume will likely decrease 500,000 barrels…
Turkey’s Unit in ‘final talks’ to build power plants in Iran
Press TV- An Iranian official says negotiations with Turkish energy company Unit International to build two natural gas combined cycle power plants…
US claim to block Iran oil exports, uncalculated: Veep
SHANA– First Vice President Eshaq Jahangiri said halting Iran’s oil exports by the US is a “baseless and uncalculated claim”, saying: “Our…
285mcm/d of gas supplied to power plants in summer
SHANA — National Iranian Gas Company (NIGC) is currently supplying a daily amount of 285 million cubic meters of natural gas to…
Iran to use diplomacy on sanctions-related detainees
IRNA – Iran’s Foreign Minister Mohammad-Javad Zarif said the country will use all legal and political means to secure the release of…
U.S. allies starved of Iran oil even before Trump’s deadline
Bloomberg | Sharon Cho, Serene Cheong and Tsuyoshi Inajima: Iranian oil shipments to some U.S. allies are being threatened even before America’s Nov. 4 deadline…
US Treasury Department has turned into war room against Iran
MNA– Iranian First Vice-President Es’hagh Jahangiri said that the United States’ Department of Treasury has become the war room against Iran’s economy.…