Tag Archives: Sanctions

The gas transmission capacity of the project can be increased to 24 billion cubic meters first and to 31 cubic meters with additional investments later.

Iranian and Turkish officials have already reached agreement to set up a joint bank.

Nations in Asia are mostly dependent on West Asian producers for their demand for oil.

Iraq has repeatedly announced that the economic and cultural ties between Iran and Iraq are historic.

The cuts have been supported by some non-OPEC producers. most notably Russia.

The 21-mile Strait of Hormuz at the mouth of the Persian Gulf handles roughly 40% of global crude trade.

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

The US president'.s threat to decrease Iran'.s oil sales is an illusion.

Countries that do not stop buying oil from Tehran after the deadline risk facing Washington sanctions.

Armed forces of the country are responsible for maintaining security of Strait of Hormuz.