Tag Archives: Sanctions

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.

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.

China is the top buyer of Iranian oil and nearly all its oil payments go through Kunlun Bank.

Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the OPEC was the main issue for Iran in the meeting.

OPEC agreed to extend cuts to their supply of oil to the international markets for another nine months as they seek more stable prices amid an increase in oil production in the United States.

A prominent Iranian analyst voiced pessimism about the efficiency of the Europe-proposed Instrument in Support of Trade Exchange (INSTEX) for trade with Iran. stressing that the European states adopt all their measures in coordination with Washington.

Iranian officials announced that the construction of the 32-kilometer railway connecting the city of Shalamcheh in Southwestern Iran to Basra in Southern Iraq will kick off in the next few months.

Tehran lashed out at Washington for its attempt to wield influence on the Organization for Petroleum Exporter Countries (OPEC) through Saudi Arabia to undermine the role of Iran and Venezuela as the two major members of the oil cartel.