Oil prices fell on Wednesday, with Brent dropping by more than $1, after the United States said it would consider requests for waivers from sanctions due to snap back into place on Iranian crude exports, Reuters news agency reported. Brent crude futures were down $1.10, or 1.4 percent, at $77.76 a barrel by 0112 GMT. […]

Defense Minister Amir Hatami said on Tuesday that the U.S.-led economic and financial sanctions against Iran have turned into an opportunity, making the country more self-reliant. “Sanction and financial threats have turned into opportunity for us, because they have led to self-reliance and strength of domestic capacities which can be a model for all other […]

TEHRAN – The U.S. Treasury Department announced on Monday that it has slapped sanctions on a Malaysia-based sales agent for having links with Mahan Air, an Iranian airline. Mahan Travel and Tourism was sanctioned for as it enabled Mahan Air’s international operations, especially for “conducting financial transactions on behalf of the airline,” the Treasury said […]

Chinese Foreign Ministry spokeswoman Hua Chunying said China would “by no means” accept the US’s unilateral sanctions against Iran. “China will by no means accept the unilateral sanctions which are groundless under the international law and we will resolutely safeguard our own legitimate rights and interests,” Chunying told reporters on Monday, according to Chinese Foreign […]

 The head of the Management and Planning Organization of Iran and the minister of industry have attended a Parliament’s session to discuss ways to defeat US sanctions and overall economic situation of the country. Iranian MP Ali Najafi Khoshroodi, the spokesman for the National Security and Foreign Policy Commission, said on Tuesday that the head […]

 Richard Nephew, who served as the lead sanctions expert for the US team negotiating with Iran, is of the opinion that “Iranian government is composed of Iranian people and that, by virtue of applying sanctions and pain, we were influencing them as well. And that answer is largely true, in my view.” He adds that […]

Head of Iran’s Foreign Policy Strategic Council Kamal Kharrazi says that despite the risk of US administration pressures, there are still ways for Europe to circumvent the unilateral sanctions against Iran. The European countries need to find formulas to preserve the JCPOA, otherwise “there is no justification for Iran to remain in the nuclear deal,” […]

 Iran’s Parliament Speaker said Tue. that certain measures have been taken to tackle the problems facing investment in Iran after the US pullout from the nuclear deal and the reinstatement of sanctions. Ali Larijani made the remarks at an unveiling ceremony of the book “The Economy of Iran in 2017” on Tuesday. “Considering the fact […]

South Korea’s Daelim Industrial said on Friday that a contract worth 2.23 trillion won ($2.08 billion) for a refinery project in Iran was canceled amid the fear of sanctions from Trump administration. The order was canceled as the Esfahan Refinery Upgrading Project failed to procure financing because of economic sanctions imposed on Iran, Daelim said in a […]

 Chairman of Iran’s Parliament National Security and Foreign Policy Commission Alaeddin Boroujerdi told Cuban ambassador to Tehran that the two country can share their experiences gained under US sanctions. “Iran and Cuba have both suffered from US sanctions and sharing sanctions-era experiences will be beneficial for the two countries,” said Alaeddin Boroujerdi, the Chairman of […]