EghtesadOnline: Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising Covid-19 cases in Europe and the United States heighten concerns over fuel consumption.
EghtesadOnline: President Hassan Rouhani told Germany’s new ambassador on Tuesday said that Iran expected the three European Union countries signatory to the landmark nuclear deal to support its loan request from the International Monetary Fund.
EghtesadOnline: President Hassan Rouhani called for promotion of economic relations with European states, stressing that bilateral trade should not be affected by the “illegal” and “unilateral” US sanctions.
EghtesadOnline: Karoon Petrochemical Company, in the southwestern port city of Mahshahr in Khuzestan Province, is the only producer of isocyanates in Iran. Half the output is for domestic use and the rest is exported, managing director of the company said.
EghtesadOnline: Europeans share the same views as the United States about the extension of Iran’s arms embargo, despite their claim of remaining fully committed to the agreement, an analyst said.
EghtesadOnline: From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus.
EghtesadOnline: Foreign Minister Mohammad Javad Zarif rejected the European countries’ offers of compromise on the complete removal of the United Nations arms embargo on Iran as required by the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action.
EghtesadOnline: The first transaction conducted under the European trade mechanism to bypass American sanctions is so small that its effect on Iranian economy is insignificant, a lawmaker said.
EghtesadOnline: The eventual operationalization of the European financial channel is welcomed by Iran, but does not meet the country’s expectations, a top diplomat said.
EghtesadOnline: The European Union’s top diplomat, Josep Borrell, said he will try to ensure Iran's economic interests under the 2015 nuclear deal through European initiatives rather than convincing the United States to change its policies.