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EU Approves EIB to Do Business in Iran
EU lawmakers gave approval for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.
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Iran to Resume Barter Payments for Oil as Sanctions Loom up
Iran said it’s open to resuming barter payments for oil as U.S. sanctions threaten its access to the global financial system, reviving a method used during a previous wave of sanctions earlier this decade.
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Gov to Levy Heavy Tax on Gold Coin and Foreign Exchange Trades
A member of Iran parliament's economic commission reported that legislative, executive and judiciary powers have interaction to organize markets, saying heavy tax will be levied on foreign exchange and gold coin trades.
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U.S. Policy Is to Decrease Iran Oil Exports to Zero
"We are prepared to work with countries that are reducing their imports on a case-by-case basis,” said Brian Hook, the department’s director of policy and planning.
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Central Banks of Iran and India Coordinating with others to Import Oil
India hopes to avoid an abrupt end to oil imports from Iran without triggering sanctions even as it readies a rupee payment mechanism for oil imports from the Islamic Republic.
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Trump Threatens European Companies to Sanctions If Trade with Iran
President Donald Trump piled pressure on close U.S. allies with a threat to sanction European companies that do business with Iran.
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U.S. Confesses Iranian Oil Sanction to Soaring Black Gold Price
Even though oil prices are bound to jump after the US re-imposes sanctions on Iran, Washington won’t tap its own oil reserves as the country is confident that increased production from Saudi Arabia and Russia will meet the supply gap, Energy Secretary Rick Perry said.
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Nihat Zeybekci said:
Turkey Will Not Follow U.S Sanctions on Iranian Crude Oil
Turkey will not heed the State Department’s call on US allies to stop importing Iranian crude oil by November 4, when the latest sanctions will kick in.
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Iran Oil Sanctions to Raise Black Gold Price to $90
President Donald Trump’s sustained bid to disrupt Iran’s petroleum exports could soon help to push oil prices above $90 a barrel, analysts in Bank of America Merrill Lynch, said.
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US to Impose Sanctions on All Iranian Oil Importers
The United States said on Tuesday that it will impose sanctions against all importers of Iranian oil by Nov. 4, a surprisingly tough position that roiled oil markets and is likely to further alienate allies and adversaries alike.
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India Considering Using Rupee Mechanism for Iran Oil Payment
India plans to make some oil payments to Iran in rupees in a bid to avoid US economic pressure on Tehran, according to several Indian government sources.
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US Insists that Japan Halts Iranian Crude Oil Imports Completely
Washington has asked Tokyo to halt all crude purchases from Iran, insisting that its allies cease all trade with the country.
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Oberbank to Leave Iran market
Oberbank, famous Austrian bank, will withdraw from Iran owing to the U.S. sanctions.
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EU Biggest Loser from U.S. Sanctions on Iranian Market
With American firms prohibited from working in Iran and European businesses will be the biggest loser fro US sanctions on Iran's market, while Chinese companies can fill the void and reap the benefits, according to analysts.
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Iran, China to Embark on Using National Currencies
Iranian Minister of Economy said based on a MoU which was signed between Iran and China, two countries' national currencies will be used in trade exchanges.
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Irish Bank Fined 20000 euros Due to Misbehavior against IranianCouple
A bank in Ireland has been ordered to pay €20,000 to an Iranian couple in business here over demanding that they not transfer any funds to bank accounts in their native country.
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Six Major European Refineries on Verge of Cutting Iranian Oil Imports
Six big European refineries are cutting their Iranian oil imports due to Trump's withdrawal from nuclear deal last month.
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Europe Seeking for U.S. Secondary Sanctions Exemption against Iran
The Ministers of Foreign Affairs, as well as of the economy and finance of France, Germany, Great Britain and the High Representative for Foreign Policy decided [in a letter] to make joint requests to their American counterparts to exempt European companies from extraterritorial secondary sanctions of U.S. against Iran.
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Iran Oil Exports Ignore U.S. Sanctions
Iran’s crude oil exports hit 2.7 million bpd in May, higher than its average volumes over the past year, while the US withdrew last month from the Iran nuclear deal and re-imposed sanctions that would kick in later this year.
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EIB Rejects EU Proposal to Do Business in Iran Due to U.S. Sanctions
The European Investment Bank has refuted an EU proposal to work in Iran to contribute offset U.S. sanctions and save the 2015 nuclear deal, EU sources told Reuters, under pressure from the United States - where the bank raises much of its funds.
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Heavy Shadow of U.S. Sanctions Makes Peugeot Leave Iran Market
PSA Group, the maker of Peugeot and Citroen cars, has suspended its activity in Iran's market due to the U.S. withdrawal from nuclear deal.
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U.S. Talks over New Iranian Nuclear Deal with Britain
The White House said Trump made a call British Prime Minister about new Iranian nuclear deal.
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Iran, Iraq Oil Swap Kicks off
Iran is going to expand its interests in Iraq by swapping oil amid growing pressure from U.S.A.
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Russian Firms Winner Players in Iran Market during U.S. Sanctions
Russian companies working in Iran have an advantage over European rivals – they are already under US sanctions, so they have nothing to lose, TeleTrade Chief Analyst Petr Pushkarev told.
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Iran Looking for OPEC Support against U.S. Sanctions
Iran's oil minister has asked OPEC to support his country against what he called illegal, unilateral and extraterritorial sanctions.
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Iran,India to Circumvent U.S. Sanctions through Trading in Rupee
India will reportedly pay for Iranian oil in rupees as the two countries seek to bypass the US economic pressure on Tehran, industry officials have told.
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Indian Banks Set Deadline for Exportersto Finish Transaction with Iran
Two Indian banks have asked exporters to complete their financial transactions with Iran by August in response to the threat of new U.S. sanctions.
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IMF to Cooperate with Iran Central Bank's Governor
While 11 days ago U.S. Treasury Department listed Iran Central Bank's Governor on its blacklist, IMF announced that it will work with him and Iran's Central Bank.
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Six German Banks Cooperating with Iran Regardless of U.S.Threat
While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Voleksbanken, from southern Germany are appear unafraid and are continuing to provide trade finance.
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Central Bank of Iran's Governor Inaugurates New ibena Newsroom
The new newsroom of Economy and Bank of Iran News Network, ibena, was opened by the Governor of Iran Central Bank.