EghtesadOnline: The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
EghtesadOnline: The Majlis Research Center says a parliamentary bill wanting to scrap the US currency from Iran’s overseas transactions would further add to the already detrimental effects of US sanctions targeting Iran’s economy.
EghtesadOnline: Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed all sanction waivers for Iranian oil customers as of May.
EghtesadOnline: President Hassan Rouhani said on Tuesday new US sanctions targeting the country's leadership have no practical impact, while adding that Washington's plan to impose sanctions on Iran's chief diplomat shows it is "lying" about an offer to negotiate.
EghtesadOnline: Tehran said on Monday it welcomes an easing of tensions in the Persian Gulf, while dismissing the impact of any new US sanctions and efforts to form anti-Iran coalitions.
EghtesadOnline: Tehran may further reduce its compliance with the 2015 nuclear deal in two weeks, unless European governments move to save the agreement by shielding the Iranian economy from US sanctions, a senior official said on Sunday.
EghtesadOnline: Exporting crude under conditions when new US sanctions are intimidating traditional customers is a difficult undertaking and the National Iranian Oil Company should explore all alternatives to export oil, a lawmaker said.
EghtesadOnline: Russia is willing to step in to help Iran export its oil while the country is struggling to keep the oil flowing due to the new US sanctions.
EghtesadOnline: It is essential for Iran to pursue active economic diplomacy to promote its interests by forging cooperation with neighboring countries while the country is under harsh American sanctions, a lawmaker said.
EghtesadOnline: Suitcase imports of cellphones have been pushed to new high in Iran by a hodgepodge of state policies, in addition to the reimposition of harsh US sanctions against Tehran, in the past few months.