Tag Archives | European Union (EU)

IAEA Has 5 Times Confirmed Iran’s Compliance with JCPOA

European Union Foreign Policy Chief Federica Mogherini (pictured) said that the 2015 nuclear deal between Tehran and world powers cannot be “partially renegotiated”, noting that the IAEA has five times confirmed Iran’s compliance with its commitments under the agreement. “I fully share the need to fully implement, in all its parts, the JCPOA. Let me […]

Surge in Iran’s Oil Exports to Europe Post-JCPOA

Iran’s crude oil exports to Europe have increased since a nuclear deal between Tehran and world powers came into effect early last year and terminated all nuclear-related sanctions against the country, reports said. Platts energy news service reported that Iran had sent a total of 63 major crude cargoes to France, Italy, Greece and Spain […]

Iran to rent 35 Oil Tankers to Europeans

By John Lee. Iran has signed deals with a dozen European companies to rent its 35 oil tankers to them. Sirous Kian-Ersi, managing director of the National Iranian Tanker Company (NITC) told Mehr that all of the 35 deals are voyage charter. Companies involved are said to include Spain’s Cepsa and Italy’s Eni, according to […]

UK Banks rebuff Govt push to Boost Iran Trade

By John Lee. According to a report from Reuters, the Royal Bank of Scotland (RBS) has rebuffed efforts by the British government, a major shareholder, to coax the lender into facilitating trade with Iran. Following the lifting of sanctions, and in anticipation of the UK leaving the European Union (EU), British officials have sought to […]

Aseman Airlines to Lease Airbus Jets

By John Lee. Reuters reports that Iran Aseman Airlines has agreed to lease seven Airbus jets. The leasing company has not been identified. Last week the European Union banned the airline from operating within the EU because of safety concerns, although the airline does not fly to the EU. Owned by Iran’s civil service pension […]

US firms join International Air Show in Iran

By Changiz M. Varzi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On the front page of the Nov. 17 edition of the Reformist Etemad newspaper, a headline in small type, tucked in a corner, read: “Americans in Kish [Island].” The report detailed how American […]

EU urges Trump to Commit to Iran Nuclear Deal

By John Lee. Foreign ministers from the European Union (EU) reaffirmed on Monday their commitment to the nuclear agreement with Iran. Their statement comes following discussions about the election of Donald Trump as President-elect of the United States. Trump was strongly opposed to the Iran nuclear deal. The full statement can be downloaded here. (Source: EU) (Image: […]

Mogherini: Trump Can’t Cancel Iran’s Nuclear Deal

Responding to US president-elect Donald Trump’s negative remarks about Iran’s nuclear deal, Federica Mogherini, the EU high representative for foreign affairs and security policy, said the US can’t cancel the deal, known as the Joint Comprehensive Plan of Action (JCPOA). “The Iranian nuclear agreement is not a mutual deal between Iran and US, but a […]

Will Iran allow the EU to Open Shop in Tehran?

By Rohollah Faghihi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The European Union Parliament passed a resolution Oct. 25 calling for normalization of relations with Iran — a decision that Tehran cautiously welcomed. In response to the resolution, Iranian Foreign Ministry spokesman Bahram Qassemi said that […]

The real reason Boeing, Airbus deals with Iran matter

By Saheb Sadeghi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Soon after the US Treasury Department granted licenses to Boeing and Airbus to sell passenger planes to Iran, Tehran welcomed the move as a fulfillment of American obligations under the nuclear deal. On Sept. 24, […]