Archive | Politics

China to US: Ties with Iran Transparent, Lawful

China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred from the United States. China has consistently opposed unilateral sanctions and “long-armed jurisdiction”, the ministry said in a statement faxed to Reuters. The United States […]

Oman, Switzerland Offer to Mediate between Iran, US

Iranian Foreign Minister Mohammad Javad Zarif confirmed that the country has received messages from Switzerland and Oman offering mediation between Tehran and Washington, but that no talks are currently underway between Iran and the US. “Of course, there are some messages from other countries to mediate (between Iran and the US),” Zarif said in an […]

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Iran’s Labor Minister Loses Confidence Vote

Iranian lawmakers on Wednesday gave a vote of no confidence to Minister of Cooperative, Labor and Welfare Ali Rabiee, terminating the much-criticized minister’s term after five years in office. The labor minister was impeached for the second time in less than five months. He had survived a vote of no confidence on March 13. The […]

EU “Struggles to Counter US Sanctions on Iran”

European efforts to protect businesses investing in Iran from US sanctions risk leaving executives with the tough choice of whether to obey EU or American rules. The EU is finalizing its plans to mitigate the punitive measures as the Trump administration prepares to impose a new wave of sanctions next month and in November, the […]

Iran, Russia Discuss Energy Cooperation

Iranian Oil Minister Bijan Zangeneh and Russian Energy Minister Alexander Novak held a meeting in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said. The two ministers also discussed the possibility of Russian oil companies taking part in projects in Iran, the ministry said in a […]

US Sanctions to assist China to buy more Iran Oil

The US government is expecting Iran’s oil clients to sharply cut imports from the country under the threat of sanctions but senior American officials believe China is likely to buy even more Iranian crude, the Wall Street Journal reported. China is Iran’s top crude oil buyer, which imported around 655,000 barrels a day on average […]

Iran Files Complaint against US at ICJ

Iranian Foreign Minister Mohammad Javad Zarif said the country has lodged a complaint against the US government at the International Court of Justice (ICJ) over new American sanctions against the Islamic Republic. In a message in his Twitter account, Zarif said Iran has on Monday filed a complaint at the ICJ “to hold US accountable […]

Video: Is Trump on Relentless Quest to Corner Iran?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Oil production, prices and politics require a delicate balance. Donald Trump is urging oil producing countries except Iran to boost output. He hopes that will keep prices low – and motorists happy with […]

Trump says No Sanctions Exemption for EU Firms

US President Donald Trump warned European companies that they would face secondary sanctions if they violated US restrictions on doing business with Tehran following Washington’s move to pull out of the Iran nuclear deal. The US president said on Sunday that he would not exempt European companies from Iran-related sanctions, suggesting that EU demands for […]

Video: Anti-Govt Protesters Injured in Khuzestan

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iranian state media says a number of people have been wounded during two days of clashes between police and protesters across the southeastern region of Khuzestan. Eleven people were hurt after unknown gunmen […]

Will Iran’s Economy Collapse?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Turbulent developments in the past few months on the foreign exchange and gold markets in Iran and the government’s failure to manage runaway prices has compelled some economists to start using the term “bubble […]

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Second Day of Protests in Iran

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Rouhani under fire amid second day of protests in Iran As the unofficial exchange rate in Iran hit a record 90,000 rials to the dollar June 24, a second day of protests erupted in Iran. On […]

Most French Firms ‘Unable to Stay’ in Iran

Most French Firms ‘Unable to Stay’ in Iran due to US Sanctions: Minister French Finance Minister Bruno Le Maire said that after the US imposes new sanctions on Iran most French companies would be unable to continue business in Iran because of problems over payment, also saying that the US cannot be the “planet’s economic […]

Protecting EU companies in Iran

Following up on the informal Leaders’ Meeting in Sofia, as well as the Commission’s announcements of 18 May, the European Commission has adopted an update of the Blocking Statute and of the European Investment Bank (EIB)‘s External Lending Mandate. These measures are meant to help protecting the interests of EU companies investing in Iran and to demonstrate the EU’s […]