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China Ignores U.S. Sanctions against Iran Oil Purchase
The U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations.
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Iranians Gold Demand Triples
Iran’s demand for gold bars and coins may remain strong for the rest of the year and even increase as the U.S. reimposes sanctions.
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Deutsche Bundesbank Passes Law to Hamper $400 mn Transfer to Iran
Germany's powerful central bank--Deutsche Bundesbank--passed on Wednesday a new financial policy that will effectively bar the transfer of nearly $400 million in cash to the Iranian regime.
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Iran's Rial Boosts up Against Dollar
Trump's comment regarding his willingness for Talking to Iranian authorities without any preconditions, increased rial value by 13000.
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In June;
India's Iranian Oil Imports Increase Sharply
Indian refineries imported 48% more Iranian crude in June this year as compared to imports from June 2017, according to government estimates.
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Renault Likely to Abandon Iran due to Fear of U.S. Sanctions
Renault SA is shaping up to be the latest European company to fall victim to Donald Trump’s renewed sanctions on Iran even if it doesn’t sell cars in the U.S.
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In Tir month;
Inflation Rate Stands at 10.2 Percent
Iran's inflation rate in the twelve-month period ended on the last day of the fourth Iranian calendar month of Tir (July 22) stood at 10.2 percent
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New Iranian Governor of CBI Appointed
Iranian government's cabinet gave a vote of confidence to Abdolnasr Hemamti as a new governor of Central Bank of Iran.
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To Iranian President;
'Threaten U.S. by Using Bitcoin'
The CEO of BTCC company advised Iranian President to use bitcoin to counter Donald Trump's policies.
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Biggest Turkish Refiner Decreases Iranian Crud Oil Imports
Turkey’s biggest oil importer Tüpraş has cut back purchases of Iranian crude since May, when the United States said it would re-impose sanctions on Tehran, and analysts say Tüpraş is likely to stick to lower volumes in coming months.
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Sri Lanka to Pay Iranian Oil Dues with Tea
The Sri Lanka Tea Board has proposed that the payments due from Iran for tea purchases from Sri Lanka be offset against the US$ 250 million that the Ceylon Petroleum Corporation (CPC) owes to Tehran for oil.
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German Hopeful that India Continues Iranian Oil Purchase
German Minister of State for international Affairs, Neils Annen, voiced hope that India would continue to purchase Iranian oil in the face of the US's looming sanctions against Tehran.
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Japan to Halt Iranian Oil Imports due to U.S. Secondary Sanctions
Japanese companies are about to stop Iranian oil imports completely on account of imposing U.S. secondary sanctions.
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Iran Submits Lawsuit to International Court against US Unilateral Step
The International Court of Justice (ICJ) on Tuesday said that it has admitted the Iranian complaint against the United States over re-imposition of unilateral sanctions.
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Europe Considering Activating CBI Accounts
The French, British and German governments have told Iran they are exploring activating accounts for the Iranian central bank with their national central banks.
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U.S. Confiscates Iranian Bitcoin Holders Assets
Iranian Head of Blockchain Association reported that 500 bitcoins belonged to Iranian individuals worth 25 billion tomans have been confiscated by U.S. government.
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Iran Oil Exports to South Korea Decrease Sharply
South Korea’s imports of Iranian oil fell 40.3 percent in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the re-imposition of U.S. sanctions targeting Iran.
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India Accepts Pasargad Bank Proposal for Opening Branch
Just weeks before US sanctions on Iran begin, the Center has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai, it is learnt. The Finance Ministry has conveyed to the RBI that it has no objection to allowing the Tehran-based Bank Pasargad to open its branch in India.
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Japanese Banks to Halt Transactions with Iranian Financial Groups
Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after President Donald Trump in May pulled out of a nuclear program agreement with Tehran.
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India Decreases Oil Imports from Iran
Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.
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U.S. Seeking New Ways to Block Money Flows to Iran
U.S. government teams spent three days in Saudi Arabia discussing ways to cut off money flows to Iran without disrupting energy markets as Washington presses nations to stop buying Iranian oil by Nov. 4, a senior State Department official said.
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CBI: There IS No Decision to Change Interest Rate
Deputy Governor of Iran's Central Bank said according to reviewing monetary variables in the central bank, there is no decision to change interest rate.
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Iran Threatens India to End Privileges If India Replaces Iranian Oil
Iran will end “special privileges” for India if New Delhi tried to replace Iranian crude with supplies from Saudi Arabia, Russia, and the United States, said a senior Iranian diplomat in New Delhi.
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Iran Pursuing 300 Million euros to Withdraw from its German Account
German authorities are considering a request by Iran to withdraw 300 million euros from bank accounts held in Germany and transfer the cash to Iran, Bild newspaper reported Monday, citing unnamed government officials.
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Europe to Sustain Trade Ties with Iran without Dollar
Major European countries party to nuclear negotiations with Iran – France, Germany and the UK - have agreed to maintain trade with Tehran independent from the US dollar, said Russia’s Foreign Minister Sergey Lavrov.
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Giant French Shipper to Abandon Iran due to Fear of U.S. Sanctions
France's CMA CGM cargo shipper announced it was pulling out of Iran for fear of becoming entangled in US sanctions.
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Europe Unable to Compensate Losses as Companies Exist from Iran
"We will not be able to compensate for everything that arises from companies pulling out of Iran," Heiko Maas, German Foreign Affairs Minister, stated before a round of negotiations among the remaining parties to the Joint Comprehensive Plan of Action (JCPOA), also known as the Iranian nuclear deal.
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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.