Tag Archives | Joint Comprehensive Plan of Action (JCPOA)

Iran’s Gas Industry “Not Affected” by US JCPOA Exit

A top Iranian energy official highlighted the country’s self-sufficiency in the gas industry and said it is not going to face any restrictions following the US withdrawal from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA). In remarks released on Monday, Managing Director of the National Iranian Gas Company (NIGC) […]

Shipping Giant to cease Iran Business

By John Lee. Danish shipping giant AP Moller-Maersk has said it will cease operations in Iran following the reimposition of US sanctions. Chief Executive Soren Skou is quoted as saying: “With the sanctions the Americans are to impose, you can’t do business in Iran if you also have business in the U.S., and we have […]

Total to Unwind Iran Operations if no Waiver

On 4 July 2017, Total, together with the other partner Petrochina, executed the contract related to the South Pars 11 (SP11) project, in full compliance with UN resolutions and US, EU and French legislation applicable at the time. SP11 is a gas development project dedicated to the supply of domestic gas to the domestic Iranian […]

EU, Iran Working on Details of Direct Money Transfers

The European Union’s energy commissioner said he has submitted the EU proposal for direct transfers of money to Iran’s central bank, adding that the two sides are discussing the plan in details. Speaking to reporters after a meeting with Iran’s energy minister in Tehran on Saturday, Miguel Arias Canete highlighted the EU’s efforts to boost […]

Iran’s Housing Sector keeps Building

By Maziar Motamedi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In Iran, the housing sector — which accounts for a hefty 35% of all household expenses — has since 2011 been in the grip of its worst recession in recent history. Indeed, it was the only […]

US puts Sanctions on head of Central Bank

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]

How Iran and Europe can Save the Nuclear Deal

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. US President Donald Trump’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) has created an urgency for all other deal signatories to work toward saving the accord. As international companies face a new […]

Video: Iran seeks ‘Clear Future Design’ for JCPOA

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran’s president has said he will stick to the agreement, if other countries meet their obligations. Meanwhile, his foreign minister has embarked on a diplomatic tour, in an attempt to salvage the deal. […]

Iranian Oil Exports set to continue under US Sanctions

By David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Assessing the short- and long-term consequences of the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) for Iranian energy is crucial. In the short term, the impact will be rather modest in […]

Trump pulls US out of Iran Nuclear Deal: FULL DETAILS

By John Lee. US President Donald Trump has said he will withdraw the United States from Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA). In a live statement, the President said: “I will sign a presidential memorandum to begin reinstating U.S. nuclear sanctions on the Iranian regime. We will be instituting […]

Iran Nuclear Deal: Reaction from World Leaders

By John Lee. Following the US withdrawal from the Iran nuclear deal, world leaders have been giving their opinions. Former US President Barack Obama said: “Walking away from the JCPOA turns our back on America’s closest allies, and an agreement that our country’s leading diplomats, scientists, and intelligence professionals negotiated. “At a time when we […]

Rouhani Calls Trump’s Withdrawal “Psychological War”

President Rouhani Calls Trump’s Iran Nuclear Deal Withdrawal “Psychological War” Iran’s President Hassan Rouhani said on Tuesday that Tehran has adopted necessary measures to confront new anti-Iran pressures, saying that his US counterpart is launching psychological war and economic pressure on Tehran by announcing withdrawal from the 2015 nuclear deal. “The Iranian nation will be […]

Video: Will US withdraw from Nuclear Deal?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. France and the United States have a long history that goes back centuries. From the American revolutionary war to the Statue of Liberty – the two countries have had strong cultural and political […]

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 […]

Can European Business and Tech save Iran Deal?

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. One of the current concerns of international companies planning to do business in Iran is the threat of a US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) and the reintroduction of US […]

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, […]

Iran to Withdraw from JCPOA If Benefits Remain Elusive

Iran will withdraw from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), if there is no economic benefit and major banks continue to avoid cooperation with the Islamic Republic, the deputy foreign minister said on Thursday. Under the deal with Britain, China, France, Germany, Russia and the United States, Iran […]

Iran Attracts $10bn in Foreign Investment Post-JCPOA

Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said the country has managed to attract $9.7 billion in foreign investment since the coming into force of the 2015 nuclear deal with six world powers, known as the Joint Comprehensive Plan of Action (JCPOA). Addressing a festival held in Tehran in support of the country’s […]

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 […]