Tag Archives | United States

UK Replaces US in Redesigning Arak Reactor

By John Lee. The head of the Atomic Energy Organization of Iran (AEOI) has said that the US has been replaced by the UK on the working group tasked with redesigning the Arak heavy water reactor in central Iran. Ali Akbar Salehi (pictured) told IRIB that the US withdrawal from the nuclear deal has not impacted […]

Turkey “Not to Comply” with US Sanctions against Iran

Turkish Ambassador to Tehran Hakan Tekin deplored the US renewed sanctions against the Islamic Republic as illegal, saying his country will not comply with the move. “We will do our best to prevent Tehran-Ankara relations from being affected by the US sanctions against Iran,” Tekin who was in Ankara to attend at the 10th annual […]

Pompeo announces Creation of Iran Action Group

US Secretary of State Mike Pompeo has announced the creation of the Iran Action Group. In a briefing Mr Pompeo said: The Iran Action Group will be responsible for directing, reviewing, and coordinating all aspects of the State Department’s Iran-related activity, and it will report directly to me. For nearly 40 years, the regime in […]

German Rail, Telecom Operators End Iran Projects

German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States. New US sanctions against Iran took effect last week and several European companies have suspended plans to invest […]

Iran, Sanctions and Iraq: The Bigger Picture

By Ahmed Tabaqchali. Originally published by Iraq in Context; re-published by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Current analysis of renewed Iran sanctions often overlooks the wider context of Iraq’s regional trading relations.  The extent of Iraq’s compliance with […]

Total Pulls Out of Iran Gas Deal: Zanganeh

Iranian Minister of Petroleum Bijan Zanganeh said France’s energy major Total had official pulled out of the development project of phase 11 of the supergiant South Pars Gas Field. According to ICANA, Iranian parliament’s official news website, Mr. Zanganeh said that the French company had announced its plans to withdrawn from the project two months […]

Scania ‘Working to Deliver Parts to Iran after Sanctions’

Scania’s entire sales into Iran could be lost if the United States reinstates sanctions against the country, the Swedish truckmaker’s head warned on Friday. CEO Henrik Henriksson said Scania, which was one of the first truck companies to return to Iran after anti-Tehran sanctions were lifted in early 2016, had canceled all orders that it […]

Video: Trump warns Iran’s Trade Partners

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Despite the threats from the United States, the European Union is encouraging member countries to do business with Iran. But the White House is counting on the power of its dollar to keep […]

Iran Lodges Complaint against Sanctions on Carpets

The head of Iran National Carpet Center (INCC) deplored the US sanctions on hand-woven Persian carpets as a breach of international protocols and said the Islamic Republic has filed complaints against the embargoes. “Hand-woven Persian carpet belongs to the Iranian nation and is part of the national, cultural and intellectual identity of the Iranian people,” […]

Beijing to Continue Trade with Tehran

China’s Commerce Ministry declared on Thursday that Beijing is consistently opposed to the United States’ unilateral sanctions against Iran and intends to continue its trade cooperation with the country under its international commitments. The Chinese ministry spokesperson Gao Feng, during a briefing commented on Iran’s complaint against the United States to the International Court of […]

US Sanctions to assist China to buy more Iran Oil

The US government is expecting Iran’s oil clients to sharply cut imports from the country under the threat of sanctions but senior American officials believe China is likely to buy even more Iranian crude, the Wall Street Journal reported. China is Iran’s top crude oil buyer, which imported around 655,000 barrels a day on average […]

Japanese Banks to Stop Iranian Transactions

Japanese Banks MUFG, Mizuho to Stop Iranian Transactions Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after President Donald Trump in May pulled out of a nuclear program agreement with Tehran. Japan’s biggest bank, Mitsubishi UFJ Financial Group Inc (MUFG), will halt all […]

Iran Files Complaint against US at ICJ

Iranian Foreign Minister Mohammad Javad Zarif said the country has lodged a complaint against the US government at the International Court of Justice (ICJ) over new American sanctions against the Islamic Republic. In a message in his Twitter account, Zarif said Iran has on Monday filed a complaint at the ICJ “to hold US accountable […]

French Shipping Group to Pull Out of Iran

By John Lee. French-based shipping group CMA CGM has announced that it is ceasing its Iranian operations, following the threat from the US to blacklist companies doing business with Iran. CMA CGM Chief Executive Rodolphe Saade is quoted as telling a press conference: “Due to the Trump administration, we have decided to end our service […]

E3 Agrees to Replace Dollar in Iran Trade: Lavrov

Russia says the three European parties to the Iran nuclear deal have agreed to continue trade ties with Tehran without the US dollar. The European parties to the Joint Comprehensive Plan of Action –Britain, France and Germany- have agreed to maintain trade with Iran independent of the US dollar, Russia’s Foreign Minister Sergei Lavrov said. […]

US Sanctions Mahan Air Service Provider

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Mahan Travel and Tourism Sdn Bhd, a Malaysia-based General Sales Agent (GSA), for acting for or on behalf of Mahan Air, an Iranian airline previously designated in connection with Iran’s support for international terrorism. GSAs such as Mahan Travel and Tourism […]