Tag Archives | United States

Iran Imposes Sanctions on 15 US Companies

Iran has imposed sanctions on 15 American companies for what it describes as “propping up the Zionist regime, terrorists and suppressing civilians in the region.” The Iranian Foreign Ministry said the move comes in response to Washington’s imposition of new sanctions against Tehran. The sanctioned US corporations, and the reasons given for their inclusion, are: Beni […]

US: Eleven Sanctioned for Transfer of “Sensitive Items” to Iran

From US State Department: On March 21, the United States imposed sanctions on 30 foreign entities and individuals in 10 countries pursuant to the Iran, North Korea, and Syria Nonproliferation Act (INKSNA). These sanctions apply to the specific individuals and entities which will be listed in the federal register and will be in effect for […]

India Seeking New Payment Mechanism for Iran Trade

India is exploring setting up a new payments mechanism for trade with Iran, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo. Under previous Western sanctions, India had devised a barter-like scheme acceptable to Washington that allowed it to make some oil payments to […]

The coming Iran-US Confrontation in Iraq

By Zakiyeh Yazdanshenas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In June 2014, Mosul was seized by the Islamic State (IS), whose leader Abu Bakr al-Baghdadi soon afterward announced a caliphate from the city’s grand mosque. Now the caliphate is seemingly coming to an end. […]

Luxembourg Court “Dismisses” US Request to Freeze Iran Assets

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court has rejected efforts by US to freeze $1.6 billion of Iranian assets in the European country. “A Luxembourg court dismissed the US request for the freeze of $1.6 billion of Iranian assets in its first verdict, and the decision has […]

ZTE fined $1.1bn for flouting US Sanctions

By John Lee. Chinese telecom giant ZTE Corporation (Zhongxing Telecommunications Equipment Corporation) has agreed to plead guilty to charges that it shipped US-made equipment to Iran and North Korea, and has been fined $1.1 billion. The equipment included routers, microprocessors and servers controlled under export regulations for “security, encryption… and/or anti-terrorism reasons“. Steven T. Mnuchin, US […]

US Issues New Travel Ban

By John Lee. United States President Donald Trump has signed a new executive order banning people from six mainly Muslim countries: Iran, Libya, Somalia, Sudan, Syria and Yemen. Unlike the order signed in January, which was blocked by the courts, this new order removes Iraq from the list, but imposes additional vetting for Iraqis. Importantly, […]

IMF: US Anti-Tehran Sanctions Could Deter Investment

The International Monetary Fund (IMF) said sanctions imposed by the new US administration against Iran are posing a risk to investment and trade with the country. “Renewed uncertainty regarding sanctions is dampening sentiment,” the IMF’s annual report on Iran’s economy, known as the Article IV review, said on Monday, AFP reported. It cautioned that the […]