Nestle sees no direct implications on business from Iran sanctions
Reuters – Nestle (NESN.S) sees no direct fallout from renewed U.S. sanctions on Iran, the world’s biggest food company said on Tuesday.…
Economy
New Trump sanctions on Iran take effect despite pleas from allies
Reuters | Babak Dehghanpisheh, Peter Graff: U.S. President Donald Trump pledged on Monday that firms doing business with Tehran would be barred from…
NDFI official: 12% of NDFI’s financial resources earmarked to counter sanctions
MNA – A member of Board of Trustees at the National Development Fund of Iran said that the NDFI has allocated 12…
Syria strongly condemns US decision to re-impose economic sanctions on Iran
SANA – Syria reiterated its full solidarity with Iran in the face of the hostile policies of the US administration which re-imposed…
Factbox: European companies respond to latest Iran sanctions
Reuters – New U.S. sanctions against Iran took effect on Tuesday, and President Donald Trump, who defied Washington’s allies to impose them,…
China’s petro-yuan oil contracts surge as US sanctions hit Iran
RT – Chinese oil futures contracts denominated in yuan hit their daily limit with a 5-percent spike on Tuesday as the US…
Ayatollah Khamenei urges govt to form taskforce to tackle banks, liquidity issues
Khamenei.ir – The Supreme Leader of the Islamic Revolution– Ayatollah Khamenei– urged the government of President Rouhani to form a taskforce to…
US sanctions unlikely to make Iran change its Middle East policy, Russian expert says
TASS – The re-imposed US sanctions are unlikely to make Iran change its policy in the Middle East, a Russian expert told…
Daimler abandons Iran expansion plans as sanctions bite
Reuters – German car and truck manufacturer Daimler (DAIGn.DE) on Tuesday said it has dropped plans to expand its Iran business in…
Oil rises as U.S. sanctions on Iran expected to tighten supply
The Globe and Mail – Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten…
Trump says anyone trading with Iran will not trade with U.S.
Reuters – President Donald Trump said on Tuesday the new U.S. sanctions on Iran were “the most biting sanctions ever imposed”. “In…
NIAC slams US re-imposition of sanctions on Iran
IRNA – National Iranian American Council (NIAC) in a message condemned US re-imposition of nuclear-related sanctions on Iran. ‘[US Secretary of State]…
Iraq says ‘difficult’ to abide by US sanctions on Iran
MNA – Iraqi President Fuad Masum said Mon. that due to the circumstances of Iraq and the nature of its relations with…
EU says encouraging trade with Iran crucial to JCPOA
Tasnim – The European Union Foreign Policy Chief Federica Mogherini said the EU is encouraging enterprises to increase their business with Iran,…
Senior Iranian MP calls for major changes in government’s economic policies
MNA – Member of the Iranian Parliament’s Presiding Board Ahmad Amirabadi said Tue. that the government’s approach to economy must change, calling…
Sanctions can lead to boost in Iran’s economy: Larijani
Tasnim – Iranian Parliament Speaker Ali Larijani described Washington’s new sanctions against the Islamic Republic as an opportunity for “the internal renovation…
Chinese-Filipino consortium to invest $7bn in Iran
MNA – Iran has reached an agreement with a consortium of Chinese and Filipino firms under which the consortium will invest up to $7 billion in a…
15,000 meters of horizontal, slant drilling by NIDC since March
SHANA – The National Iranian Drilling Company (NIDC) carried out 15,833 meters of horizontal and directional (slant) drilling operations in the first…
EU has no objection to IP project
IRNA – European Union Ambassador Jean-Francois Cautain to Pakistan said that EU has no objection to the proposed Iran-Pakistan (IP) gas pipeline…
US sanctions unlikely to impact Swiss businesses in Iran
Tasnim – The re-introduction of economic sanctions against Iran by the United States is unlikely to have a major impact on Swiss…
Iran indigenizes 80% of refining catalysts
SHANA – Iranian companies are currently supplying 80 percent of the catalysts used in petroleum refining, an official says, adding domestic supply…
Trump’s insistence upon unconditional talks with Tehran a preplanned scenario
IRNA – Last year, the current US national security adviser John Bolton who plays the fundamental role in dealing with the Iran…
Iran calls for crucial meeting on International North-South Transport Corridor
Sputnik – Several European and Korean firms have exhibited reluctance to continue work in the Iran sector of the corridor, but the…
President: Forex rate of 42,000 rials allocated for essential goods
IRNA – President Hassan Rouhani said the forex rate of 42,000 rials will be for essential goods. In a live televised address,…
Oil exports from Shahid Bahonar rise by 40%
MNA – Oil exports from the Shahid Bahonar port in the south of Iran has increased by 40% over the past four…
Prepare for $90 oil after sanctions against Iran take effect – analyst
RT – Looming US sanctions against Iran will likely hit Tehran’s oil sales abroad, and it could lead to a price spike…
President urges unity to overcome sanctions
IRNA – President Hassan Rouhani said on Monday that sanctions will fail in light of unity. ‘Sanctions will put us under pressure…
As sanctions bite, where next for Trump’s Iran strategy
Bourse and Bazaar | AFP: A wave of US sanctions kicks in against Iran on Tuesday, cementing Washington’s hard line against Tehran…
CBI delivers presold gold coins
Financial Tribune – The Central Bank of Iran said on Saturday it has fulfilled its commitment of delivering the gold coins purchased…
Rising prices push homebuyers out of Iran’s capital
Bourse and Bazaar | Sepehr Arefmanesh: A 41 percent rise in Tehran City’s average home prices has left some residents, especially renters,…
With sanctions clock ticking, Iran races to reap deal benefits
Bloomberg | Golnar Motevalli: Iran’s Mehrabad International Airport may have seen one of the final benefits of the 2015 nuclear agreement. As…
Trump signs executive order reimposing sanctions against Iran
Press TV – US President Donald Trump has signed an executive order reimposing many sanctions on Iran to levy “maximum economic pressure”…
MAPNA Group awarded major oil projects
SHANA — The National Iranian South Oil Company (NISOC) has signed a heads of agreement with MAPNA Group for the development of…
Iran nuclear deal: EU shields firms from US sanctions law
BBC – European foreign affairs chiefs have pledged to protect firms against the impact of US sanctions for doing business with Iran.…
Fresh US sanctions not to harm Iran’s economy anymore: Zarif
IFP – Iranian Foreign Minister Mohammad Javad Zarif promised on Monday that the new US sanctions on the Islamic Republic, which have…
Ukraine trade with Iran increasing
MNA – A Director from Ukraine’s the International Chamber of Commerce ICC said that Ukraine has had about $ 550 million worth…
Parliament to pass bill against economic corruption
MNA – An Iranian Member of Parliament recounted that the parliament is going to ratify a new bill to set up a…
Iran’s oil-market realities: How buyers are positioning for U.S. sanctions
Bloomberg | Irene Garcia Perez: In three months’ time, U.S. sanctions on Iran are due to enter into force that could drive the…
Domestic economic growth best response to US threats
IRNA – Domestic economic growth and developing exports are the best response to US threats, Vice President for Economic Affairs Mohammad Nahavandian…
Joint statement by EU HR & E3 FMs on re-imposition of US sanctions on Iran
GOV.UK – Joint statement by High Representative Federica Mogherini and Foreign Ministers of E3 (Jean-Yves Le Drian of France, Heiko Maas of…