Tag Archives: Central Bank

The UAE was Iran’s top export destination among Persian Gulf nations.

Hemmati announced on Tuesday that the country has launched mutual financial channels with a number of world states for money transactions to confront the US sanctions.

President Rouhani said that Iran’s oil sales have been faring much better than how they did before sanctions.

Iran has the capacity to export between nine million tons to 10 million tons of steel by March 2019 .

Venezuela’s crude production could soon sink to below 1 million bpd.

South Korea has been granted a waiver from US sanctions on Iranian oil.

The US sanctions were re-imposed on Tehran following the withdrawal of the United States from the Iran nuclear deal in May.

Fuel prices jumped 7% in the first half alone. more than double the overall rate of price increases.

Iran has sold Rials 422.3 trillion worth of crude oil in the five-month period. up Rials 78.7 trillion on the year.

Concern that the U.S.-Chinese trade war could slow down economic growth and hit oil demand also weighed on the market.