Tag Archives: Middle East

Islamic Republic of Iran’s border with neighboring Turkey was closed today at noon and there is no transit of passengers or trucks via this border.

Turkish state lenders flooded the market with dollars on Thursday to help take the edge off a deepening lira rout amid concern the country is edging closer to a military conflict with Russian-backed forces in Syria.

The Director General of Iranian Road Maintenance and Transpiration Organization for Intl. Transport and Transit Office Manouchehr Salmanzadeh said on Sun. that products are exported via all Iranian and Iraqi borders except Mehran Border.

The Iraqi Border Crossing Authority said that trading activities and imports from the Islamic Republic is still underway.

Iran is following up on signing an MoU with Syria. which is similar to this MoU inked with Iraq.

A Memorandum of Understanding (MoU). which was inked between Iran and Iraq on electricty exchange. has currently been suspended. according to an official.

Iraqi protestors have often blocked roads to oil fields and facilities in Iraq since October last year.

Iran has kept developing its sprawling oil and gas fields despite facing a harsh regime of American sanctions.

This will be the sixth waiver the US has issued for Iraq since US sanctions on Iran energy exports snapped back in November 2018.

The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.