Iran’s largest private bank in EU legal battle
Bank Mellat, Iran’s largest private bank, has urged the European Court of Justice (ECJ) to quash a move by the European Council…
Tag Archives: EU
Iran seen storing crude oil at sea as sanctions disrupt sales
Iran is storing 30 million barrels of crude at sea as sanctions hinder exports and projects that would allow it to build onshore facilities…
Shipping firms abandon Iranian routes
International shipping companies are abandoning their Iranian voyage routes before new U.S. sanctions are implemented in July, denting further the Islamic Republic’s…
Iran presidential candidate says western sanctions should be broken
TEHRAN, May 27 (Xinhua) — An Iranian presidential candidate said Monday that the western sanctions on his country should be broken and next administration…
What message new US sanctions are meant to convey to Iran’s next president?
The United States House of Representatives’ Committee on Foreign Relations passed a bill on May 22, 2013, which has paved the way…
US lauds India for reducing Iranian oil imports
NEW DELHI (AP) — A senior American official on Friday praised India for reducing oil imports from Iran and said the U.S.…
Glencore denies breaking Iran sanctions
Glencore Xstrata has denied any wrongdoing over an Iranian alumina deal, after a leaked UN report said the transactions could have been a…
U.N. report stokes concern over Iran’s nuclear program: EU
(Reuters) – Iran’s expansion of sensitive nuclear activity breaks United Nations resolutions and increases concerns about whether its nuclear program is entirely peaceful, the…
House committee passes Iran sanctions legislation
(Reuters) – A U.S. House of Representatives committee approved legislation on Wednesday seeking to impose tighter sanctions on Iran, the latest congressional effort…
India’s April Iran oil imports drop 34.2 pct vs March -trade
NEW DELHI, May 22 (Reuters) – India’s oil imports from Iran fell 34.2 percent in April from March, data from trade sources showed on…
India leads Asian cuts in Iran oil imports ahead of waiver review
NEW DELHI/SEOUL, May 21 (Reuters) – India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among…
Turkish PM says no decision yet on further Iran oil import cuts
(Reuters) – Turkish Prime Minister Tayyip Erdogan said on Friday Turkey had already significantly reduced its oil imports from Iran, which is under the choke of…
How Iran benefits from gold trade with Turkey
An obscure loophole allows Tehran to profit while skirting Western sanctions. Turkish prime minister Recep Tayyip Erdoğan has arrived in Washington, D.C. for…
Why sanctions on Iran are not working
As EU foreign policy chief Catherine Ashton and Iran’s lead envoy Saeed Jalili meet in Istanbul on May 15, the six global…
Obama-friendly think tank ponders a nuclear-armed Iran
President Obama has said he will not let Iran get a nuclear weapon. So why did the Center for a New American…
South Korea reduces crude imports from Iran by half in April
South Korea, the world’s fifth-largest oil importer, cut crude shipments from Iran by 51 percent in April from a year earlier, customs data show.…
MRPL to process Iraq, Latin American oil next year to make up Iran shortfall
NEW DELHI: Mangalore Refinery and Petrochemicals (MRPL) plans to begin processing oil from Iraq and Latin America from next year, helping the state-owned refiner to partly…
Consequences of western intransigence in nuclear diplomacy with Iran
As long as Washington refuses to recognise Iran’s right to enrich, no substantial agreement will be possible. To maintain the illusion of…
Iran envoy to Cyprus recalled after extradition to U.S.
(Reuters) – Iran has recalled its ambassador to Cyprus for consultations after an Iranian national was recently extradited from the island to the United…
Iran courts Indian companies with sweeter oil contracts
DUBAI/DELHI, May 9 (Reuters) – Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves…
Iran routes oil via Indonesia to keep up exports
(Reuters) – Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western…
Inflation takes its toll on Iran
It is not easy to get a reliable figure for inflation in Iran. Two official sources are tasked with this issue and…
Iran’s oil production at lowest since 1986
In the last week of April, the US Energy Department issued a report showing that Iran’s crude oil and condensate exports have…
CRS questions effectiveness of Iran sanctions
WASHINGTON – The Congressional Research Service, a nonpartisan research arm of the US Congress, has released a report questioning the efficacy…
Senators seek to block Iran from billion-dollar reserves
(Reuters) – Legislation introduced by a bipartisan group of U.S. senators on Wednesday would block Iran’s access to billions of dollars worth…
Sanctions help to stoke Iran property boom but bubble feared
(Reuters) – The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs…
Indian exports to Iran may touch $5 b in 2013-14
Indian exporters are hoping to increase shipments to Iran this fiscal by more than half to $5 billion as both countries have…
Sanctions may scuttle compromise between Iran and P5+1
Is the Obama administration capable of fulfilling Iran’s demand for removing unilateral American sanctions, thus paving the way for an agreement over…
U.S. calls for shutting down Iran, North Korea arms networks
(Reuters) – The United States said on Friday that Iran and North Korea were trying to obtain high-tech materials linked to their nuclear programs…
The Iranian nuclear issue and the future of international order
The outlines of a nuclear deal between the P5+1 and Iran have long been obvious: Western recognition of Iran’s nuclear rights in…
Asia Fuel Oil-Iran exports 8.7 mln April bbls, up five-fold yr/yr-trade
SINGAPORE, May 2 (Reuters) – Iran exported nearly 8.7 million barrels of fuel oil in April, or about 300,000 barrels per day (bpd), an…
Turkey’s gold export to Iran rises again
Turkey’s gold exports Iran has rose more than twofold through March during a time its overall gold trade receded, suggesting the two countries’ trade…
Former Israeli defense chief urges ‘big-for-big’ offer to Iran
Former Israeli Defense Force chief of Defense Intelligence, retired Maj. Gen. Amos Yadlin, says the US and its negotiating partners erred by…
Iran experts proved inefficiency of anti-Iran sanctions: Iran oil min.
Iran oil minister says Iranian specialists and experts have proved the ineffectiveness of US-led sanctions against the Islamic Republic. Rostam Qasemi said…
Sanctions on Iran cause no serious problems for workers – official
The international sanctions imposed on Iran have affected the working conditions in the country, however due to proper management there have been…
New oil sanctions start to bite Iran
The impact of Western sanctions on Iran’s oil industry in 2012 is clear in new data released by the US Department of Energy.…
Diplomacy,sanctions and a nearing red line with Iran
Sanctions have hurt the Iranian economy, but have so far failed to convince Tehran to abandon nuclear ambitions. A report from the Iran…
Study finds media coverage of Iran nuclear issue inadequate
WASHINGTON (KUNA) — A study of newspaper reporting of the Iranian nuclear issue, released on Monday, found that coverage focused on the…
Iran sanctions detrimental to European firms: Larijani
Iran’s Majlis Speaker Ali Larijani has dismissed as unproductive the US-engineered economic sanctions imposed against Tehran, saying they have been detrimental to…
Side effects – the humanitarian consequences of Iran sanctions
Philadelphia – It’s not every day that an American physician gets asked to function as an international pharmaceutical supplier, but for some,…