Tag Archives: Sanctions

Iran’s budget counts on raking in around $30 billion from oil and gas condensate exports.

The price of oil spiked on Thursday just hours after a US spy drone violating Iranian airspace was shot down by the Islamic Revolution Guards Corps (IRGC) close to the Strait of Hormuz.

Iranian Foreign Minister Mohammad Javad Zarif. in a meeting with his Turkish counterpart Mevlut Cavusoglu in the central city of Isfahan. said that his country is ready to significantly increase the volume of trade with Turkey.

The predicament of the Chinese buyers underscores how the White House’s aggressive trade and foreign policy is disrupting global commodity flows.

Earlier it was reported that the U.S. Administration plans to impose sanctions against Nord Stream 2 project.

The European Council expresses serious concerns over Turkey'.s current illegal drilling activities in the Eastern Mediterranean.

Europe is duty-bound to purchase Iranian crude to keep the nuclear deal alive. reminding that the European'.s offered INSTEX mechanism requires financing that should happen through crude revenues.

OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts. after talks between Russia and Iran made some progress toward resolving a standoff over the date.

Iran’s two-month deadline to remaining signatories of the JCPOA (nuclear deal) cannot be extended.

Iran has taken long strides in producing different types of drugs and medical equipment.