Tag Archives | Joint Comprehensive Plan of Action (JCPOA)

Banking Problems between Iran & UK being Removed Gradually

Boris Johnson, the UK foreign secretary, has underlined Iran’s importance in the region and also reiterated his country’s support for maintaining the JCPOA, the 2015 nuclear agreement between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a Sunday meeting in Tehran with Head of the Atomic Energy Organization of […]

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 […]

Why UK-US Divide on Iranian Nuclear Deal Matters

By Kasra Aarabi for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iran Business News.  European powers, most notably Britain, have rebuffed US President Donald Trump’s Oct. 13 refusal to certify that the landmark nuclear agreement with Iran meets congressional requirements. Issuing a joint […]

Iran Looking for New Oil Customers in Europe

An Iranian deputy oil minister unveiled plans for a rise in crude exports to Europe by finding new customers. Speaking to Tasnim, Marzieh Shahdaei said the Oil Ministry is negotiating with new European customers as part of policies to increase crude oil exports to the continent. With the conclusion of the business talks, Europe’s share […]

Iran-US Trade Drops 21% in 9 Months

The total value of bilateral trade between Iran and the US over the first nine months of 2017 has decreased by 21 percent, according to the latest data released by the US Census Bureau. The bilateral trade between the Islamic Republic and the US from January to September amounted to $140 million, showing a 21% […]

Intimidated by US, Major Banks Avoid Working with Iran

A member of Iran’s Money and Credit Council attributed major global banks’ reluctance to build banking links with Iran to the US government’s intimidating policies and obstructionism. Conditions are not still set for Iranian banks to make connection with the world’s top banks, Bahman Abdollahi, member of the highest policy-making body in the Central Bank […]

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 […]

Video: EU warns of ‘Dangerous’ Mid-East Escalation

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Europe’s top diplomat Federica Mogherini warns that the mounting tension between Saudi Arabia, Iran and their respective allies and proxies is “extremely dangerous,” which the European Union views as “proof” of the need of […]

Europe’s Efforts to Facilitate Banking Ties with Iran “Not Sufficient”

Iranian Deputy Foreign Minister for American and European Affairs Majid Takht Ravanchi said European countries have not made enough efforts to persuade their banks work with Iran. Addressing a conference in the French capital of Paris on Tuesday, Takht Ravanchi stressed the need for the European parties to the 2015 nuclear deal, known as the […]

Boeing-IranAir deal at risk amid claims of IRGC use

By Saeed Jalili, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s new Iran strategy, including his Oct. 13 refusal to certify that the Joint Comprehensive Plan of Action (JCPOA) meets congressional requirements, will push a contract for 80 passenger jets signed […]

Iran “to Leave JCPOA” if Sanctions Re-Imposed

Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri said the country will not remain committed to the 2015 nuclear deal with world powers, known as the JCPOA, if anti-Tehran sanctions are re-imposed under various pretexts. “The Joint Comprehensive Plan of Action (JCPOA) is not a goal nor a holy verse […]

Video: Iran “Living Up to the Nuclear Deal”

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Yukiya Amano, the head of the International Atomic Energy Agency (IAEA), was in Tehran on Sunday, his first visit since US President Donald Trump told Congress that Iran is not complying with the […]

Trump Remarks “Unlikely to Impact Oil Market”

Iranian Minister of Petroleum Bijan Zangeneh said he believed it was unlikely that American President Donald Trump’s recent assertions on Iran’s nuclear program would impact the oil market. Reacting to the US president’s recent remarks on Iran’s nuclear deal and the Joint Comprehensive Plan of Action (JCPOA), Mr. Zangeneh said: “I see it unlikely that […]

No Change in IMF Policy on Iran

By John Lee. The Managing Director of the International Monterey Fund (IMF) has said the IMF sees no reason to change its policy on granting loans to Iran, despite US pressures and bans. Christine Lagarde (pictured) told a news conference on Sunday: “You know, we operate with 189 members, and we only provide support and […]

European Powers Continue to Support Nuke Deal

Joint statement from Prime Minister Theresa May, Chancellor Angela Merkel and President Emmanuel Macron following President Trump’s statement on the US’ Iran Strategy. We, the Leaders of France, Germany and the United Kingdom take note of President Trump’s decision not to recertify Iran’s compliance with the Joint Comprehensive Plan of Action to Congress and are […]

Video: Trump’s Iran Speech raises Int’l Concern

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Trump’s decision on the Iran nuclear deal is raising international concerns. Many argue the US cannot unilaterally amend a security council resolution. Iran has also sent a formal letter of protest to the […]

Trump Speech Sparks Outrage in Iran

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In Iran, both government officials and regular citizens have reacted with anger to the Oct. 13 speech made by US President Donald Trump on his new Iran strategy. Though Trump attempted to distinguish between the Iranian […]

Trump Threatens to Pull Out of Iran Nuclear Deal

US President Donald Trump has threatened to terminate the Iran nuclear deal — the Joint Comprehensive Plan of Action (JCPOA) — if the US Congress and American allies don’t change the agreement. While not immediately pulling the US out of the deal, he said his administration was ready to negotiate on toughen the obligations on […]

President Trump’s New Strategy on Iran

“It is time for the entire world to join us in demanding that Iran’s government end its pursuit of death and destruction.” – President Donald J. Trump President Donald J. Trump, in consultation with his national security team, has approved a new strategy for Iran. It is the culmination of nine months of deliberation with […]

Airplane Contracts Complex, Confidential: Iranian Official

CEO of Iran Air Farzaneh Sharafbafi said contracts for purchasing passenger planes are complex and confidential. Speaking to the Tasnim News Agency on Saturday, Sharafbafi dismissed speculation about details of Iran’s contracts with the Western plane makers, giving an assurance that Iran Air would make the best and most logical decisions. The contracts to purchase […]