Head of Central Insurance of Iran (CII) Gholamreza Soleymani said that foreign companies have expressed their readiness to do reinsurance operations in Iran’s insurance industry. He made the above remark at 5th Insurance and Risk Management Conference this morning Jan. 20 and said, “relationship of insurance companies with the risk management is of the important […]

 South Korea is expected to restart imports of Iranian crude oil in late January or early February, Reuters reported quoting the head of South Korea’s SK Innovation, which owns the country’s biggest oil refiner SK Energy, as saying on Wednesday. The U.S. launched new sanctions on Iran’s petroleum sector on November 4, but it has […]

 Iran will not be complying with the “fully illegal” US sanctions, Iranian Oil Minister Bijan Zanganeh said on Thursday, in yet another defiant statement from Tehran after the American sanctions on Iran’s oil and shipping industry snapped back in early November. “We believe that we should not comply with the illegal sanctions against Iran,” Reuters […]

 Iranian President Hassan Rouhani has hailed national sovereignty and people’s right to vote as the greatest achievements of the Islamic Revolution of 1979. Speaking at the session of the cabinet on Wednesday, President Hassan Rouhani referred to the anniversary of the uprising of the people of Qom, saying, “Qom and the seminary in this city […]

 India has begun paying Iran for oil in rupees, a senior bank official said on Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil after the US unilaterally withdrew from the […]

The Iranian First vice president Es’hagh Jahangiri has told euronews that the European countries have faced a big test in their history since the World War II with regard to Iran nuclear deal, calling on them to take practical measures to implement the deal. Es’hagh Jahangiri during an interview with euronews today, which will be […]

 The CEO of the National Petrochemical Company (NPC) said the sanctions and the current economic pressure on Iran could not throw a wrench in the productivity of petrochemical plants in the country. Speaking to Shana on Saturday, Behzad Mohammadi said the current international conditions have not and will not impose restrictions to the petrochemical industry, […]

The Iranian vice-president Jahangiri said that the main objective of the US sanctions is to prevent the import of basic goods and raw materials to Iran. The Iranian First Vice-President Es’hagh Jahangiri made the remarks in a meeting with Managing Director of Islamic Republic of Iran Shipping Lines (IRISL Group) and managers of some other […]

Iraq’s foreign minister said that his country is “not obliged” to abide by sanctions imposed by the US against Iran and would be pursuing options to continue bilateral trade. On December 20, the US granted Baghdad a 90-day extension to a waiver on abiding by the sanctions that were re-imposed on the Islamic Republic in […]

 A professor of political science at the University of Cambridge has strongly criticized the U.S. sanctions against Iran, calling the sanctions a “cowardly approach” toward the Islamic Republic. In an interview with ILNA published on Tuesday, John Dunn said the United States is only pursuing its own interests by imposing sanctions on Tehran. Dunn emphasized […]