sanctions

Iran knows how to cope with sanctions: Minister

Iran’s Oil Minister Bijan Namdar Zangeneh says the country knows how to cope with sanctions that have restricted its direct sale of oil.

Macro Economy

Club of sanctioned countries: potential bloc against US ‘economic terrorism’

Iran has been resisting the US sanctions following the 1979 Islamic Revolution. 40 years on, many other countries are also suffering and withstanding those punitive measures. Now, Tehran is proposing that all these US-sanctioned countries join a club to better coordinate their efforts against its "economic terrorism".

Trade

Iran government approves plan to restructure budget under US sanctions

The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.

Macro Economy

Iran to develop third petchem hub in Persian Gulf in blow to US sanctions

The move comes a few days after the US levied sanctioned on Iran’s petrochemical sector. The third hub is about to increase Iran’s petrochemical production by 15 million tons.

Energy

Iran says it has come up with alternative ways to repatriate export revenues

Central Bank of Iran (CBI) says these alternative routes are not susceptible to US sanctions and pressures that have been applied by Washington as part of its so-called maximum pressure campaign.

Financial Markets

Can Iran weather the Trump storm?

Following the reimposition of unilateral US sanctions on Iran and an end to sanctions waivers have led many analysts to believe that the Iranian economy will collapse soon. However, this expert argues that Tehran will weather this storm as it did under the Obama sanctions.

Macro Economy

Iran’s FM Zarif tours Asia to rally support for Tehran against US pressures

India, Japan and China are Iran’s three biggest oil clients that have stopped their purchases after Trump Administration didn’t renew sanctions waivers. Iranian Foreign Minister Mohammad Javad Zarif has finished his Asian tour to rally these countries’ support behind Tehran at a time of heightened tensions with the US.

Trade

Factbox: Little global impact expected from US sanctions on Iranian metals sectors

The US government slapped sanctions on Iranian metals and some mining industry as part of its campaign to cut Iran’s non-oil revenues. But, this S&P Global Platts factobox shows such measures will have very marginal impact on the country’s sectors.

Mine and Industry

Eu, Britain condemn US oil, nuclear sanctions on Iran

The three European signatories to Iran nuclear deal of 2015 have said the American punitive measures will put the agreement in danger. The statement comes after the US avoids extending oil waivers.

Energy

US sanctions, high prices take toll on Tehran International Book Fair

Tehran International Book Fair, that attracts thousands of people each year to the event, is being overshadowed by the unilateral US economic sanctions on Iran that have left their footprint on the middle-class purchasing power.

Society Economy