EghtesadOnline: Iranian leaders should pursue deeper economic ties with neighboring countries, particularly Iraq, instead of obsessing over a European trade vehicle conceived as a way to avert US sanctions against Tehran, an economic analyst said.
EghtesadOnline: Dismissing allegations by former president Mahmoud Ahmadinejad over mismanagement in the energy sector, the Oil Ministry said despite difficulties created due to the new US economic sanctions, revenues from oil exports have been received by the treasury.
EghtesadOnline: Pars Khodro, a subsidiary of Iranian car company SAIPA, reportedly presold 36,000 Renault cars which it now says it cannot deliver because the new US sanctions have disrupted the supply of parts.
EghtesadOnline: Turkish President Recep Tayyip Erdogan said his country is "ready" to set up its own trade mechanism with Iran, allowing companies from the two neighboring countries to continue with their "legitimate" business amid the hostile US sanctions.
EghtesadOnline: Indian refiners are increasingly optimistic on winning another round of waiver to continue buying Iranian oil, at reduced levels, as New Delhi has put forward a strong case to Washington that it will not be able to afford zero Iranian crude, delegates attending a three-day petroleum conference in New Delhi said.
EghtesadOnline: Japan's largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude oil as early as Monday, almost three months after the US sanctions waiver was granted.
EghtesadOnline: Despite the new US sanctions and economic challenges Iran is facing, Chinese carmaker Chery, is not only sustaining ties with the country but has also launched a new model in the fledgling auto market.
EghtesadOnline: Officials in Tehran welcomed the creation of a channel with Iran called INSTEX by Europe, to help continue trade and circumvent unilateral US sanctions re-imposed after Washington withdrew from the international 2015 atomic deal signed with Iran in 2015.
EghtesadOnline: A payment mechanism the EU hopes will save the Iran nuclear deal by bypassing US sanctions is ready, diplomats said on Monday, but is held up by disagreements among European countries.
EghtesadOnline: Iran’s nuclear chief says progress in efforts by the European Union to facilitate trade with the country despite US sanctions would be an “encouraging” sign that can help keep the trust between Tehran and Europe alive.