Tag Archives | sanctions

Boeing Seeking Permission for Deal with Iran

US aircraft maker Boeing announced that it still does not have a license from the US Treasury for a $3 billion contract with Iran Aseman Airlines, media reports said. Aseman Airlines signed a final purchase agreement with Boeing in Tehran on Saturday for 30 737 Max jets and an option for 30 more, spokesman Amir […]

Iran’s Larijani Raps US for Imposing Sanctions

Iranian Parliament Speaker Ali Larijani slammed Washington for its recent move to impose new sanctions against Tehran following twin terrorist attacks in Tehran claimed by Daesh (ISIS or ISIL) terror group, saying the US government is supporting terrorists. “At a time when the Iranian nation was facing the terrorist incidents, the US Senate shamelessly approved […]

Rouhani hints at Talks with US to lift Non-Nuclear Sanctions

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. Iranian President Hassan Rouhani held his first press conference May 22 following his re-election. Answering a question regarding the recent gathering of 55 countries in Saudi Arabia to coincide with the visit of US […]

Trump Admin Extends Sanctions on Iran

On Wednesday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated seven targets in connection with Iran’s ballistic missile program: OFAC designated two senior Iranian defense officials, including a defense official who facilitated the sale of explosives and provided other support to Syria and the director of the organization responsible for […]

French Carmakers seeking Stronger Foothold in Iran Market

French carmakers PSA (PEUP.PA) and Renault (RENA.PA) are seeking to increase their presence in Iran’s resurgent market through more deals and investments, a report said. PSA has signed production deals worth 700 million euros ($768 million), while Renault has announced a new plant investment to increase its production capacity to 350,000 vehicles a year, according […]

First US Tech Firm to Invest in Iran in Years

An Iranian company says a top American technology leader plans to invest in an Iranian oil equipment production project – what could be the first direct investment by a US oil company in Iran after the 1979 Islamic Revolution. Speaking at a press conference at Iran’s Oil Show, Neda Mousavizadegan, the managing director of Iran’s […]

LNG Exports to EU – Iran courts Total

Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe. Bijan Zanganeh told reporters that serious talks with Total were underway over the development of Phase 11 of Iran’s South Pars […]

Zangeneh: Minimum Risk of New Sanctions

International companies should seize new opportunities for investment in Iran’s economic and energy sectors despite the talks about new sanctions in the wake of increasing political tensions between Tehran and Washington, a top oil official says. “If there are new restrictions, it will not affect the deals that are concluded after the easing of restrictions […]

Taiwan Shipping Line Yang Ming Halts Services to Iran

Taiwan’s Yang Ming Marine Transport Corp is halting its container service to Iran due to fears of being punished by the US government. An executive with Keelung-headquartered Yang Ming said the firm had “ceased direct services to Iran on concerns of rising tensions there”. “We took into consideration the recent sanctions against Iran as well […]

Trump Orders Review of Iran Nuclear Deal

By John Lee. US President Donald Trump has directed a National Security Council-led interagency review of the Joint Comprehensive Plan of Action (JCPOA). The US Department of State confirmed that, while Iran is compliant with its commitments under the Joint Comprehensive Plan of Action (JCPOA), Secretary Rex Tillerson has raised concerns about Iran’s role as […]