Press TV

Neither Riyadh, nor others can replace Iran oil: Zanganeh

Irans Minister of Petroleum Bijan Zanganeh dismisses the rhetoric by the Saudi crown prince about Riyadhs capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.

Energy

Iran passes controversial bill on fighting terror financing

The Iranian parliament has passed a bill on combating the financing of terrorism as part of the countrys implementation of international standards set by the Financial Action Task Force (FATF).

Financial Markets

India not to fully cut oil purchases from Iran

As the United States is preparing to impose oil sanctions against Iran, indications are growing in New Delhi that the second biggest client of Iranian oil will not fully cut its purchases from Tehran.

Trade

Iran, Russia, Turkey agree to ditch dollar in trade

Governor of the Central Bank of Iran says Tehran, Moscow and Ankara have agreed on a number of economic measures like removing the US dollar from their mutual transactions as part of efforts to expand their trade relations amid Washington’s pressure.

Financial Markets

Iran top participant at 60th Damascus International Fair

As the 60th Damascus International Fair kicks off in Syria, Iran has indicated it is determined to consolidate its place as the top foreign contributor at this years event by sending 52 companies - higher than any other participating country.

Trade

UK trying to maintain trade, banking ties with Iran

Britain is reportedly trying to maintain trade with Iran in face of returning US sanctions and is even seeking tips from Japan on how to dodge US bans without being implicated.

Trade

Paris, Berlin seek financing system to avoid US sanctions

France and Germany are seeking to develop an independent European financing mechanism with the aim of sidestepping US sanctions against countries, including Iran, and asserting the continent’s “sovereignty.”

Trade

Iran goes to international court over US sanctions

The International Court of Justice has begun hearing a lawsuit brought by Iran against new US sanctions ordered by the Trump administration.

Trade

Germany: US can’t tell us with whom to do business

Germany’s Economy Minister Peter Altmaier says the United States is in no position to tell Berlin with which countries it can do business, vowing support for companies doing business with Iran.

Trade

China defends lawful business ties with Tehran

China, Iran’s top oil customer, says commercial cooperation between the two sides does not harm other countries interests and thus should be protected from unilateral US sanctions.

Trade