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US sanctions

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

Iran private sector urges Europe to implement INSTEX

Iran Chamber of Commerce, the umbrella group of all Iranian private sector, says the three European countries - Germany, France, UK - need to speed up the process of their special financial channel with Iran in the wake of US sanctions.

Iran Chamber

Iran exports 1.5m bpd of crude in March, highest since November sanctions

Latest data by Bloomberg tanker tracking service show Tehran oil exports in March hit 1.5 million barrels a day, the highest in last five months when the US reimposed economic sanctions in November.

Energy

Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

Oil prices rose some 1% to post the biggest quarterly rise in a decade. US sanctions on Iran and Venezuela as well as OPEC cuts have played big role in pushing global crude prices up.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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