Russia Says Ready to Join EU’s INSTEX
Russia has signaled its willingness to join an EU payments channel designed to circumvent US sanctions banning trade with Iran, but has called on Brussels to expand the new mechanism to cover oil exports.
U.S. and UK’s Strategic Mistake Lies Here
Americans were considering to launch a military campaign in the region concurrent with zeroing Iran’s oil exports and they were thinking that Iran would give in their threats and demands and would bow down, but today we see that Iranians were well-prepared for such a condition and could administered the climate over tension and conflict in a way that the whole world became concerned about the tension in the region.
Zanganeh Determined to Fight Corruption; Paying for It
TEHRAN – Oil Minister Bijan Zanganeh says he is resolved to fight corruption and today he pays for his determination for combatting corruption.
Iran’s IRGC Navy Rejects Claims on Attempting to Seize British Oil Tanker
Iran’s Islamic Revolution Guards Corps (IRGC) Navy dismissed as baseless claims that its forces have attempted to capture a British oil tanker in the strategic Strait of Hormuz.
General Warns of Due Response to UK Tanker Seizure
TEHRAN - Chief of Staff of the Iranian Armed Forces Major General Mohammad Baqeri has warned that the Islamic Republic will respond to the UK’s seizure of an Iranian oil tanker in Gibraltar in due time.
Iran, UK deny seizing British-flagged oil tanker in Persian Gulf
Iran and UK both have dismissed reports about the seizure of a British oil tanker in the Persian Gulf.
Iran Oil Minister Says OPEC Is On Verge of Collapse
TEHRAN - Iran's oil minister some members of the Organization of the Petroleum Exporting Countries (OPEC) risk destroying the energy group, in an apparent dig at Saudi Arabia.
Failure of Sanctions, Pressure for Negotiations
American newspaper Washington Post in an article reviewed the U.S. President Donald Trump’s strategy about Iran concurrent with its maximizing pressures on Iran and the end of sanction waivers for Iran’s oil customers and wrote, “Trump Administration’s strategy after pulling out of the JCPOA was to choke Iran’s economy, and to end sanction waivers for Iran oil customers was one way to increase the pressure on the country but this strategy has faced challenges which has made sanctions less effective.
Red-Carpet Spread for Non-Oil Exports
TEHRAN – Economy Minister Farhad Dejpasand said yesterday that the country witnessed growth in foreign investment in the last Iranian calendar year, reiterating that non-oil exports of the country are in acceptable condition.
Iranol Sets Record for Last Fiscal Year
TEHRAN – The annual general meeting of Iranol Oil Company for the fiscal year, ended on March 28, was held at Labor Ministry Hall and the company posted unprecedented growth in all indices.