Tag Archives: Donald Trump

A new report is showing that the month-on-month inflation rate in Iran is curbing. while at the same time the country’s national currency is regaining lost value against the US dollar.

To resolve the stand-off. Iran is considering sending fuel to the stranded ships.

Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz. stoking concern crude flows from the Middle East may be disrupted.

The Iranian national currency of rial is 118.000 against the US dollar which shows a relatively high regain of value compared to months of low that followed American introduction of crippling economic sanctions against Tehran.

French car makers Renault and Peugeot have posted a slump in first-half vehicle sales. mainly because of their withdrawal from Iran under threat of US sanctions.

The price of oil spiked just minutes after Tehran seized a foreign vessel which was smuggling one million liters of fuel near Larak Island in the Strait of Hormuz off Iran’s coast.

Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much.

Police in Gibraltar said Friday they arrested four crewmen of the Iranian ship. including its captain and chief officer.

US President Donald Trump in 2018 announced Washington was pulling out of the deal. to the dismay of its European allies.

In the past 14 months. the US has exerted its toughest sanctions against the Iranian nation.