South Korea Customs:

Iran Had No Oil Export to South Korea in November

South Korea did not import any Iranian oil for the third straight month in November, customs data showed on Saturday.

Iran Becomes Sixth Biggest Oil Supplier of India

In November, India imported about 276,000 bpd of Iranian oil and Tehran became the sixth biggest supplier of New Delhi.

Germany Exports to Iran Skyrocket

German exports to Iran soared in October, a month before the United States re-instated sanctions on the Islamic Republic to choke its oil and shipping industries.

Iran Sets Tempting Discount for Asian Oil Buyers

Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at 30 cents above the Platts Oman/Dubai average for January, $1 lower than the previous month.

Iran Government's Cabinet to Review Cryptocurrencies Legislation

Secretary of Iran's Supreme Council of Cyberspace reported that several measures for regulating cryptocurrencies are underway in the government.

EU to Establish Payment Channel to Have Trade with Iran in Near Future

Brussels will create an alternative payment channel to facilitate financial transactions between the European Union and Iran in the near future to bypass US sanctions, the EU’s top diplomat, Federica Mogherini, has announced.

France to Host Special Purpose Vehicle

A German newspaper reported that France has ultimately agreed to host SPV to save Iran nuclear deal.

NIMA System Provides 6.8 bn Euros Foreign Currency for Imports

Central Bank of Iran reported that since starting NIMA system activity, 6.8 bn euros foreign currency has been provided for importing required commodities and services to Iran.

Iran Oil Exports to China Increase in December

China's Iranian oil imports are set to rebound in December after two state-owned refiners in the world's largest oil importer began using the nation's waiver from U.S. sanctions on Iran.

India to Use Rupee-Based Payment Mechanism for Iran's Oil Imports

India will import crude oil from Iran using a rupee-based payment mechanism, an industry person said.

Huawei Manager Arrested due to Violating U.S. Sanctions on Iran

Huawei Technologies Co.’s chief financial officer was arrested in Canada over potential violations of U.S. sanctions on Iran.

Turkey's Oil Purchase from Iran Drops Drastically

Turkey's purchases of Iranian crude oil fell to zero in November, according to a source familiar with the matter.

U.S. Likely to Extend Iraq Waiver for Iranian Energy Imports: Official

Iraq won't be left hanging amid Washington's sanctions on Iran, which supplies almost half of its electricity, experts familiar with U.S. policy say.

Iran's Producer Price Index Increases by 26.9 Percent

Central Bank of Iran reported that the producer price index in last twelve months ending up Aban month of the current year (October) increased by 26.9 percent compared to the same period of the previous year.

No Limitation for Foreign Oil Buyers in Stock Exchange: Official

Head of Iran's Securities and Exchange Organization said there is no restriction for purchasing oil for both domestic and foreign buyers in the energy exchange.

Iraqi Central Bank Forbids Citizens from Taking Dollar to Iran

The Central Bank of Iraq on November 28 sent out a memo to banks and bureaux de change banning the selling of US dollars to Iraqi citizens looking to travel across the border to Iran.

Russian President Inks EAEU-Iran Free Trade Zone Agreement

Russian President Vladimir Putin has signed a law ratifying a temporary agreement on formation of a free trade zone between the Eurasian Economic Union (EAEU) and the Islamic Republic of Iran.

France or Germany to Host Special Purpose Vehicle

France and Germany are teaming up in a bid to circumvent sanctions re-imposed on Iran by the US.

Iran Inflation Rate Stands at 18.4 Percent

Central Bank of Iran reports that the inflation rate during the last twelve months ending up Aban month (October), as compared with the same period of the last year is 18.4 percent.

Iran Foreign Debt Decreases by 9 Percent

Iran's external debt in the first six months of the current year reduced by 9 percent, compared to the beginning of the year.

India Rises Iranian Crude Oil Imports by 39 Percent

India's import of Iranian crude oil between April and September 2018 increased by 39% to 15.05 million tons as compared to the 10.84 million tons imported in the corresponding period a year ago.

Iran Oil Exports to China Increase by 4.1 Percent

China’s oil imports from Iran increased by 4.1 percent annually to average 631,556 bpd between January and September, and Tehran was the fifth-largest oil supplier to the world’s top oil importer, official Chinese data shows.

US Fines French Bank for Violating Iran,Cuba Sanctions

Societe Generale has agreed to pay $1.34 billion to US federal and state authorities to settle a pending legal dispute over violations of US trade sanctions against Iran and other countries.

Scenarios could be Considered if JCPOA Signatories do not be Committed

Tehran will certainly continue to fulfill its commitments under the Joint Comprehensive Plan of Action for now, but various scenarios could be considered, Iranian Ambassador to Russia Mehdi Sanaei said

Asian Countries to Resume Iranian Oil Imports

Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said.

Iran, Russia to Settle with National Currencies

Russia may launch settlements with Iran in national currencies in order to continue bilateral cooperation despite the US sanctions against Tehran, Russian Energy Minister Alexander Novak said.

EU to Take Iraq Side on Anti-Iranian Sanctions

According to a statement issued by the Iraqi Prime Minister, the European Union's foreign policy chief told him that the EU was willing to back Iraq on its stance on sanctions imposed on neighboring Iran by the United States.

Trump Economic Sanctions against Iran Doomed to Failure

The US has declared economic war on Iran: after having pulled out of the UN security council-endorsed nuclear deal in May, the Trump administration is now unilaterally combating the right of the rest of the world to engage in legal trade with the Islamic Republic.

Russia Inks Deal With Iran Blockchain Labs

The Russian Association of Cryptoindustry and Blockchain (RACIB) has signed a cooperation agreement with the Iran Blockchain Labs, one of the leading expert organizations of Iran, which is responsible for introducing digital technologies into the country's economy, according to Russia's RBK news network.

Austria Refuses to Host European Financial Mechanism with Iran

Austria Foreign Ministry said Austria is not fond of hosting SPV to keep European trade with Iran.