Tag Archives | sanctions

Former Central Bank boss denies meeting Zarrab

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s former Central Bank head Mahmoud Bahmani, reacting to Iranian-Turkish tycoon Reza Zarrab’s recent statements in a US court, says he never met with Zarrab. In his testimony in a New York trial, Zarrab, who was arrested in the […]

New US Sanctions over Iran: Full Details

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a network of individuals and entities involved in a large-scale scheme to help Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) counterfeit currency to support its destabilizing activities. This network employed deceptive measures to circumvent European export control restrictions and procured advanced […]

Total “Cannot Withdraw Capital” from Iran Gas Deal

Iranian Minister of Petroleum Bijan Zangeneh says Total S.A.‘s capital in a contract with Tehran to develop Phase 11 of the South Pars Gas Field will stay in Iran in case the French energy major walks away from the deal without any UNSC sanctions. The official said: “If Total walks away from the deal without […]

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 […]

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 […]

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 […]

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 […]

OFAC Sanctions Four Iran-Related Companies

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday designated three Iran-based entities pursuant to E.O. 13382 for their activities related to two key elements of Iran’s military, and one China-based entity for proliferation activities related to a key supporter of Iran’s military. Shahid Alamolhoda Industries (SAI) was designated for […]

US Issues Sanctions against IRGC

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday designated Iran’s Islamic Revolutionary Guard Corps (IRGC) pursuant to the global terrorism Executive Order (E.O.) 13224 and consistent with the Countering America’s Adversaries Through Sanctions Act. OFAC designated the IRGC today for its activities in support of the IRGC-Qods Force (IRGC-QF), […]

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 […]

Renault Will Not Leave Iran in Face of More US Sanctions

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, said the French carmaker would not “leave Iran” even if Washington re-imposed new sanctions against Tehran. “Obviously if it becomes impossible to deal with Iran we will put a plan together for the suspension of our business there, but that’s not at all to say that […]