Tag Archives: Press TV

China is Iran’s biggest oil client .

The USA is declaring trading war against major economic entities like China and EU.

South Korea is sending a delegation to the United States to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.

The US decision to end waivers for purchase of crude oil from Iran will not impact the Chabahar port project being developed by India. a US State Department official has told PTI news agency.

Tehran has lashed out at Saudi Arabia and Bahrain for supporting Washington’s termination of sanctions waivers for major Iranian crude buyers. saying the Islamic Republic would allow no country to replace it in the oil market.

The US decision on Monday more than failing to snuff out Iran’s oil exports will disrupt markets and complicate Washington’s relations with Beijing and even its own partners. industry analysts say.

France reports progress in efforts towards the implementation of a direct payment mechanism. which the European country has launched alongside Britain and Germany to safeguard trade with Iran in the face of US sanctions.

The Syrian government has agreed to a request by the Qatari civil aviation authority to allow planes of Qatar Airways to fly over Syria. eight years after the Persian Gulf'.s peninsular state suspended its ties with Damascus.

Recent heavy rains and a deluge of floods got Iranians by surprise but they highlighted the importance of dams which had become the target of scathing criticism in the face of a lingering drought backlash.

Japan says it relies on crude imports from Iran and seeks to hold talks with the United States about the matter to keep its energy supply steady. amid ongoing attempts by Washington to curtail Iran’s oil sales.