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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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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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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.
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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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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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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,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.