Tag Archives: Iran

Iranian and Azeri officials in a meeting conferred on ways to further increase cooperation and reinvigorate relations between the two neighboring states amid the US sanctions against Tehran.

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues.

Iran has exported some $13 billion worth of goods and services to neighboring Iraq in the last local calendar year (March 21. 2018-March 20. 2019). which marks a 37% increase in a year-on-year comparison.

Iran is satisfied with the new decisions made in the recent meeting of the Organization of the Petroleum Exporting Countries (OPEC). including an extension to supply cuts to the global market and the exemption for Tehran.

Governor-General of Sulaymeniyeh Haval Abu Bakir underlined that the Iraqi Kurdistan region is determined to further expand ties and cooperation with Iran irrespective of Washington'.s opposition.

The airlines that had rerouted their flights to keep away from Iranian skies after a NOTAM (notice to airmen) issued by the US are now returning to their conventional routes through Iran’s airspace as they are safer and more economical.

Iranian Deputy Economy Minister Mohammad Ali Dehqan Dehnavi said that the Europe-proposed Instrument in Support of Trade Exchanges (INSTEX ) has failed to meet Iran'.s expectations. calling on the European states to compensate for their deficiencies.

The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran. violating the Trump administration’s earlier pledge to bring Iranian oil exports down to zero. according to a report.

The US has continued with what it describes as a ‘maximum pressure’ policy against Iran.

The minutes include forming a central committee for the tripartite cooperation.