Tag Archives | United States

US Exports to Iran Jump 60% in 5 Mths

The total value of US exports to Iran during the first five months of this year has increased by 60 percent compared the same period in 2017, according to the latest data released by the US Census Bureau. The Census Bureau’s data showed that US exports to Iran from January to May this year rose […]

Video: Is Trump on Relentless Quest to Corner Iran?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Oil production, prices and politics require a delicate balance. Donald Trump is urging oil producing countries except Iran to boost output. He hopes that will keep prices low – and motorists happy with […]

Afghanistan wants Chabahar Port Exempted from Sanctions

Afghanistan Wants Iran’s Chabahar Port Exempted from US Sanctions An Afghan Foreign Ministry spokesperson called on the US administration to exempt Iran’s southeastern port city of Chabahar from a new wave of economic sanctions against the Islamic Republic. In comments on Saturday, Sebghatullah Ahmadi, head of the press department at Afghanistan’s Ministry of Foreign Affairs, […]

Renault to Remain in Iran despite US Sanctions

French carmaker Renault will maintain its presence in Iran despite the threat of renewed US sanctions, CEO Carlos Ghosn said. “We will not abandon it, even if we have to downsize very strongly,” Ghosn said at the annual shareholders’ meeting in Paris on Friday, AFP reported. “When the market reopens, the fact of having stayed […]

Most French Firms ‘Unable to Stay’ in Iran

Most French Firms ‘Unable to Stay’ in Iran due to US Sanctions: Minister French Finance Minister Bruno Le Maire said that after the US imposes new sanctions on Iran most French companies would be unable to continue business in Iran because of problems over payment, also saying that the US cannot be the “planet’s economic […]

Protecting EU companies in Iran

Following up on the informal Leaders’ Meeting in Sofia, as well as the Commission’s announcements of 18 May, the European Commission has adopted an update of the Blocking Statute and of the European Investment Bank (EIB)‘s External Lending Mandate. These measures are meant to help protecting the interests of EU companies investing in Iran and to demonstrate the EU’s […]

US Sanctions Threaten Iran’s Hopes for Tourism

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. Iran’s numerous tourist attractions, many of which stem from its rich history and civilization going back thousands of years, have the potential to transform into revenue streams far more sustainable than the country’s vast […]

Video: Will Iran-US Tensions threaten Iraq’s Stability?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. It’s been three weeks since the parliamentary election in Iraq and many Iraqis voted for a nationalist party opposed to foreign interference. But both Riyadh and Washington want an Iraq that is sympathetic […]

US, Iran “Face Off” in Former Extremist-Held Iraqi Town

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Locals in Al Qaim, Anbar, worry that the current stable security situation can’t last. It’s being upheld by US troops and Iran-allied militias, whose antipathy toward one another is […]

Iraq’s Pro-Iran Factions shrug off US Sanctions Push

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Two pro-Iranian militias active in Iraq and Syria declared that possible US sanctions targeting them would be ineffective and claimed that such sanctions would actually strengthen their presence and expansion in […]

Peugeot-Citroën to Pull Out of Iran

French car maker PSA Group has said it will pull out of two joint in Iran following Washington’s withdrawal from the Iran nuclear deal. In a statement, the maker of Peugeot and Citroen cars said: “After signature of the Joint Comprehensive Plan of Action (JCPOA) on July 14th, 2015 and the lifting of international sanctions […]

How US Sanctions will impact Iranian Startups

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On May 8, US President Donald Trump finally carried out his threat to pull out of the nuclear deal with Iran. Agreed on by Iran and six world powers back in 2015, the Joint Comprehensive […]

BP Delays Work on Gas Field over New US Sanctions

BP has announced it is deferring new work on a gas field it co-owns with a subsidiary of Iran’s government-owned oil company because of impending US sanctions on Tehran after Washington pulled out of the 2015 nuclear deal. The oil and gas company said its ongoing work at the Rhum gas field northeast of the […]

Video: Nuclear Deal ‘in intensive care’

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Signatories of the Iran nuclear deal meet in Vienna in a bid to save the agreement, as Iran warns the deal has been put “in intensive care” by Washington’s dramatic withdrawal earlier this month. […]

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) […]

US vows ‘Strongest Sanctions in History’ on Iran

By John Lee. US Secretary of State Mike Pompeo has said that the Trump administration is imposing the “strongest sanctions in history” on Iran, adding that the country would be “battling to keep its economy alive“. The full text of Mike Pompeo’s speech to The Heritage Foundation in Washington DC can be read below: MS […]

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 […]

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 […]