A top court in Luxembourg has officially blocked a long-running request by the US administration to seize $1.6 billion worth of Iranian cash assets.
Despite US sanctions, Iran has seen its copper exports doubled in the past calendar year ending March 19 reaching over $1 billion.
A draft agreement on oil supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, would be finalized in the next days.
Central Bank of Iran (CBI) governor says Luxembourg has unfrozen 1.6 billion dollars of Iran’s assets despite an attempt by the US to get the funds as compensation.
Kazem Khavazi gained the parliament’s vote of confidence on Wednesday with 196 lawmakers voting in his favor.
President Hassan Rouhani has warned the International Monetary Fund (IMF) to consider Iran’s request for a $5-billion loan without “discrimination” after reports said the US was seeking to block the loan.
Iran’s supreme leader on Monday approved withdrawal of EUR 1 billion from the country’s sovereign wealth fund to support a healthcare system overstretched by a major coronavirus outbreak.
President of the Association of European Chambers of Commerce and Industry (Eurochambres) says that the European businesses fully support past and current EU efforts to provide humanitarian assistance to Iran and will continue to do so.
The price of the Iranian saffron has stumbled to historical lows of $400-500 per kilogram as the new coronavirus pandemic hits major customers in Europe.
Iran’s Roads Maintenance and Transport Organization has announced that 26 trucks and their Iranian drivers are en route to home after being stranded at the borders of Italy, Romania, Bulgaria and Turkey.