The embattled Turkish lira tumbled over 16 percent to new record lows against the dollar as strains with the United States intensified, but President Recep Tayyip Erdogan defiantly proclaimed Turkey would emerge victorious in an “economic war”. Compounding the lira’s agony, President Donald Trump said Friday he had doubled steel and aluminium tariffs on Turkey, […]

The U.S.’ additional tariffs on steel imports from Turkey will take effect on Aug. 13, the White House and Department of Commerce announced Friday. “To further reduce imports of steel articles and increase domestic capacity utilization, I have determined that it is necessary and appropriate to impose a 50 percent ad valorem tariff on steel […]

The Kremlin on Thursday vowed to retaliate against “unacceptable” new US sanctions against Russia over its alleged role in a nerve agent attack on a former spy in Britain, which prompted the ruble and Russian stocks to tumble. The action by the US State Department is the latest salvo in a series of disputes between […]

Iraqi government spokesman Saad al-Hadithi told Sputnik Thu. that his country will look for mechanisms to neutralize the influence of US sanctions and to support trade relations with Iran. “The sanctions will influence, first of all, money transfers and banking operations in the US dollar. The sides will not use the US dollar,” al-Hadithi told Russian […]

Armenian Prime Minister Nikol Pashinyan will visit Iran soon, Armenia’s Secretary of the Security Council Armen Grigoryan wrote this on his Facebook page, noting that on Thursday, he met with Iranian Ambassador to Armenia Seyyed Kazem Sajjad. “Highly appreciating the rich history of mutual assistance and cooperation between the two countries and nations, I expressed […]

The biggest challenge for the new government in Islamabad, experts say, will be economy. Imran Khan-led government will inherit a flailing economy that needs to be revived, and speculation is rife that Pakistan will approach International Monetary Fund (IMF) for the bailout. It is, however, still not clear when the new government in Islamabad approaches […]

Fatik al-Rodaini, a senior Yemeni journalist and human rights activist said in an interview that Saudi Arabia and its allies have failed to achieve any progress in the war against Houthis in Yemen. The Saudi-led coalition’s war in Yemen has triggered world’s worst humanitarian crisis with thousands of deaths over the past three years and […]

The leaders of Britain, France and Germany have agreed the Iran nuclear deal is the best way of stopping Tehran from gaining nuclear weapons, British Prime Minister Theresa May’s office said in a statement on Sunday. May had phone calls with French President Emmanuel Macron and German Chancellor Angela Merkel where they agreed the deal […]

Syria’s Permanent Representative to the UN in Geneva, Ambassador Hussam Eddin Ala called for taking practical steps and immediate measures to make the Middle East a zone free from nuclear weapon and other weapons of mass destruction. “We call for the full implementation of the 1995 Middle East Resolution, as it is an integral part […]

TEHRAN – German Foreign Minister Heiko Maas has said that his country along with other European powers will fight for the 2015 Iran nuclear deal, known as the JCPOA, to keep it alive, even without the U.S. Maas told German newspaper Passauer Neue Presse in an interview on Wednesday that Donald Trump’s decision to reimpose […]