Tag Archives | Donald Trump

Linglong “gets Cold Feet with Iran Project”

By John Lee. China’s Shandong Linglong Tire Co (Linglong) is reportedly now hesitant about going ahead with a previously announced contract to supply technology to a greenfield tire plant in south-eastern Iran, according to an ERJ source. “They are asking for more time because of pressures by Trump,” the industry insider told ERJ. The contract, […]

5 potential scenarios for Iran deal

By Seyed Hossein Mousavian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. President Donald Trump’s tapping of Mike Pompeo and John Bolton for secretary of state and national security adviser, respectively, should do away with any pretense that the US administration wishes to “fix” the […]

Oberbank puts Iran Deal ‘On Hold’ over Trump

Oberbank, Austria’s seventh-largest bank, has put projects “on hold” due to the uncertainties surrounding the 2015 nuclear deal between Tehran and world powers, a report said. In a presentation to shareholders by Oberbank CEO Franz Gasselsberger, said the financing of projects in Iran remains “on hold” because the current US policy “complicates the business massively”, […]

Tillerson departure Threatens Iran Nuclear Deal

By John Lee. US President Donald Trump’s firing of Secretary of State Rex Tillerson may hasten the demise of the Iran nuclear deal, the Joint Comprehensive Plan of Action (JCPOA). Tillerson’s replacement, CIA chief Mike Pompeo, has expressed hawkish views on Iran and the nuclear deal. Trump delivered an ultimatum to European powers in January, […]

Trump extends “National Emergency” with Iran

US President Donald Trump (pictured) has renewed the United States’ national emergency with respect to Iran for one more year, beyond 15th March, 2018. In a Presidential statement dated 12th March, President Trump said: “Actions and policies of the Government of Iran, including its development of ballistic missiles, support for international terrorism, and human rights […]

What Trump needs to know about Iranians

By Seyed Hossein Mousavian for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ever since the 1979 Islamic Revolution, the implicit goal of US strategy toward Tehran has with rare exception been to subvert the Iranian political system. Under President Donald Trump, regime change has been adopted […]

Total CEO Urges Trump to Honor JCPOA

The head of French oil major Total has urged US President Donald Trump to stick with the 2015 nuclear deal between Tehran and world powers, a report said. Total’s CEO Patrick Pouyanne said he had raised the topic of Iran with Trump at a dinner in Davos in January, and asked the president to keep […]

France to Finance Exports to Iran, Sidestepping Sanctions

France will start offering euro-denominated credits to Iranian buyers of its goods later this year, a move to bolster trade while keeping it outside the reach of US sanctions, the head of state-owned investment bank Bpifrance said. “We put a lot of preparation into this in 2017 and we keep on working, every single day, […]

US Uncertainty over Nuclear Deal Complicates Economy

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US uncertainty over nuclear deal complicates Iran’s economy As the Joint Comprehensive Plan of Action (JCPOA) enters its third year of implementation, an atmosphere of uncertainty has slowed the pace of post-sanctions trade and […]

Trump Extends Nuclear Deal “for Last Time”

By John Lee. The United States is to extend sanctions relief for Iran for another 120 days. In a statement, President Donald Trump said: “Despite my strong inclination, I have not yet withdrawn the United States from the Iran nuclear deal. Instead, I have outlined two possible paths forward: either fix the deal’s disastrous flaws, […]

New US Sanctions on Iran: Full Details

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 14 individuals and entities in connection with serious human rights abuses and censorship in Iran, and support to designated Iranian weapons proliferators. “The United States will not stand by while the Iranian regime continues to engage in human rights abuses and injustice.  […]

Zarif Hails Strong Consensus on JCPOA in Brussels

Iranian Foreign Minister Mohammad Javad Zarif said there was solid consensus on the need for preserving the Joint Comprehensive Plan of Action (JCPOA) in a meeting he had with the European Union’s diplomatic chief and the foreign ministers of Britain, France and Germany on Thursday. “Strong consensus in Brussels today,” Zarif said in a Twitter […]

Video: Iran Warns if US Reneges on Nuclear Deal

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran is warning it may reconsider its cooperation with the International Atomic Energy Agency (IAEA), unless the US honours the agreement it signed with Tehran and international powers in 2015. President Donald Trump […]

Iran Threatens ‘Iron Fist’ if Unrest Continues

By John Lee. BBC News reports that Iran’s Islamic Revolutionary Guard Corps (IRGC) has warned anti-government protesters they will face the nation’s “iron fist” if political unrest continues. Iranian police have confirmed that two men were killed in Doroud, in Lorestan province, during clashes on Saturday, but denied that police shot at protesters. In some […]

Video: Is the Iran Deal set to Unravel?

While the Iran nuclear deal was hailed as a “triumph of diplomacy” by its supporters around the world, US President Donald Trump called it “the worst deal ever”. He recently decided to officially “decertify” the deal formally known as the JCPOA, the Joint Comprehensive Plan of Action, between Iran six world powers and the EU […]

EU Ministers Voice Support for JCPOA

Foreign ministers of the three European parties to the Joint Comprehensive Plan of Action (JCPOA) emphasized the necessity for saving the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a meeting before a gathering of the EU Foreign Affairs Council (FAC) meeting in Belgium’s capital of […]

Total May Have to Rethink Iran Deal due to Trump

Total Chief Executive Officer Patrick Pouyanne said US President Donald Trump’s new aggressive approach to Iran could kill a huge energy investment the French oil and gas major signed with Tehran just four months ago. “Either we can do the deal legally if there is a legal framework,” Pouyanné told CNN on Monday. “If we […]

Total to Conform to any US Sanctions on Iran: CEO

France’s Total has opened an office in Washington to coordinate its operations in Iran where the French oil and gas major plans to develop Phase 11 of the giant South Pars gas field. On Thursday, Total CEO Patrick Pouyanne stated that his company would comply with any sanctions on Iran. Iranian officials, he said, “know that […]

Iranian Banks Slowly Reconnect to the World

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. A recent string of “financing agreements” that various governments and international banks have signed with Iran indicates that Tehran is finding solutions to leave behind the bottlenecks in financing its international projects. The question […]