Iran parliament sets rules for establishing financial, credit institutions
Financial Tribune – Those wanting to establish business in the monetary market, namely establishing credit institutions, setting up branches and offices, attracting…
Economy
OPEC hikes oil output in September as Iran’s production falls, demand outlook softens
CNBC – Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset…
Petchem plant commercializes 13 olefin grades
SHANA — Iran’s Jam Petrochemical Plant has started commercial production of 13 strategic olefin and polyethylene grades. The plant has successfully demonopolized…
OPEC’s Barkindo: factors beyond producers’ control are impacting oil market
Reuters – OPEC Secretary-General Mohammad Barkindo said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond…
Donald Trump says US will ‘take care’ of countries that continue to buy oil from Iran after sanctions come into force
Firstpost – The US “will take care” of countries which defy its directive to bring their oil imports from Iran to zero…
Leader calls for practical measures to rein in economic woes
MNA – Leader of Islamic Revolution Ayatollah Khamenei called for practical and serious measures to solve the country’s major economic issues, including…
BP says Iran oil bans to trigger extreme price volatility
Press TV – As the US is preparing to restore sanctions against Iran’s oil exports within weeks, concerns are already rising among…
Trump takes his Nafta trick to Iran
Bloomberg |Hussein Ibish: This week Donald Trump hailed the new trade agreement with Mexico and Canada as “a great deal for all three countries.”…
US pressure on Iran not to work: Fmr UK envoy
IRNA – Former British envoy to Tehran said the US sanctions on Iran would not work, and the country’s oil export will…
US sanctions are ‘an irritant but don’t bite, doomed to fail in Iran, Turkey and Russia’
RT – There is no ethical basis for US sanctions anywhere as they are aimed to serve US interests wherever it is…
Saudi Arabia to supply extra oil cargoes to India in Nov as Iran sanctions loom
Reuters – Saudi Arabia, the world’s biggest oil exporter, will supply Indian buyers with an additional 4 million barrels of crude oil…
CBI puts liquidity growth rate at 3.4% in Q1
MNA – According to economic indicators of the Central Bank of Iran (CBI), the country’s liquidity growth rate in the first three…
Top oil traders say Iran sanctions hitting harder than expected
Bloomberg – Sanctions on Iranian oil exports are hitting much harder than most people predicted as the Trump administration takes a tough…
ICJ hears Iran arguments in asset freeze case against US
Press TV – The UN’s top court hears Iran’s arguments against the United States in a new showdown between the two sides…
New 500-megawatt renewable power plant entering circuit by next year
IRNA – Iran’s Minister of Energy said 500 MW new renewable power plant will be operational by summer 2019, thus it is…
Iran to double Euro-4 gasoil output by March 2019
SHANA – Head of the National Iranian Oil Refining and Distribution Company (NIORDC) said projects were under way which would double Iran’s…
Domestic experts to build oil transfer turbines
MNA – The CEO of the Iranian Oil Pipeline & Telecommunications Company (IOPTC) said the company is planning to tap domestic capabilities…
Iran’s oil exports may be more resilient than headlines suggest
Bourse and Bazaar | Esfandyar Batmanghelidj: Iran is resorting to “Houdini tricks” to sustain oil exports as US sanctions loom. New data…
Iran’s reform bill targets CBI, banking sector
Financial Tribune – A major part of the Comprehensive Banking Law targeting the struggling banking system and problems of the central bank…
U.S. investigating possible StanChart Iran breaches after 2012 deal: CEO
Reuters – U.S. authorities are investigating whether Standard Chartered (STAN.L) breached Iran-related compliance rules as recently as 2013, a year after it…
This country strengthens ties with Iran as U.S. sanctions loom
Oil Price | Haley Zaremba: Oman has long been nicknamed the “Switzerland of the Middle East” thanks to the nation’s peace-focused diplomacy measures…
US brinkmanship presents serious challenge for both Iran and India
IRNA- A distinguished professor for diplomacy and disarmament at the Jawaharlal Nehru University (JNU), New Delhi believes that the US brinkmanship on…
Austria seeking to boost economic ties with Iran
MNA – Austrian Ambassador to Tehran Stefan Scholz said Tuesday that the European country seeks to enhance economic and business relations with…
Iran widens an already huge rift between Europe and U.S.
The New York Times | Steven Erlanger: Of all the issues dividing Europe and the Trump administration, Iran has become the sharpest,…
Oil tanker rates surge as Iran rivals look to be boosting supply
Bloomberg | Firat Kayakiran: The oil tanker market is surging amid signs that impending U.S. sanctions against Iran are prompting rival producers…
Guterres backs ICJ’s order: UN spokesman
IRNA – UN Secretary General always supports International Court of Justice (ICJ), said UN spokesman in respond to a question regarding ICJ’s…
Oil prices rise as Iranian crude exports fall
Reuters – Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition…
US grants license, assurance for Iranian-backed UK gas field Rhum
S&P Global Platts – The BP-operated Rhum gas field in the UK North Sea has received a conditional license from the US…
IMF reverses Iran growth, lifts Saudi forecast
Bourse and Bazaar | AFP: The International Monetary Fund on Tuesday predicted Iran’s economy will sink deep in the red due to renewed…
Iranian tanker discharges oil into storage in China ahead of U.S. sanctions
Reuters – A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port…
CBI head says major part of US sanctions rendered ‘ineffective’
MNA – Governor of Central Bank of Iran Abdolnaser Hemmati said a major part of US economic sanctions against Tehran has been…
Health minister: Iran to seriously pursue US violation of ICJ ruling in medical areas
FNA – Iranian Health Minister Seyed Hassan Qazizadeh Hashemi announced on Monday that the ministry has set up a special workgroup to…
Iran, Oman mull over drilling-related cooperation
FNA – Iran and Oman embarked on a new round of talks on Monday discussing ways to increase cooperation in the energy…
EU trying to strengthen trade relations with Iran: Danish ambassador
IRNA – The Danish Ambassador to Iran Danny Annan criticized US unilateral exit from the JCPOA, saying that Denmark along with other…
PRTC planning to build petchem catalyst plants
SHANA – The CEO of the Petrochemical Research and Technology Company (PRTC) announced the company had plans to start construction of a…
44 companies representing Iran in Qatar exhibition
MNA – Some 44 Iranian firms are representing the Islamic Republic in the first International Products Exhibition and Conference (IPEC), which opened…
Trump admin under pressure to save Iranian financial access
Washington Free Beacon – An internal battle is being fought inside the Trump administration to save Iran’s access to international financial markets,…
Joining FATF facilitates Iran’s financial transactions: Russian expert
IRNA – A Russian banking expert referred to the approval of a bill on Iran’s accession to the Combating the Financing of…
Rocked by Trump’s sanctions, Iranian oil exports drops further
Reuters – Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source, taking…
Euro-based financial relationship channel with EU easy to apply: economy expert
IRNA – While Some scholars are skeptical of the effectiveness of the European financial aid channel with Iran, a professor of economics…