Iranian Foreign Ministry Spokesman Bahram Ghasemi denied any knowledge of conditions set by Europe for launching a special mechanism to allow Iran to trade with European countries, despite US sanctions. In an interview on Sunday, Bahram Ghasemi expressed regret that Europe’s proposed Special Purpose Vehicle (SPV) has not become operational due to “limitless American” pressure […]

Russia’s Ambassador to the UN Vassily Nebenzia highlighted that no one has presented any fact about Iran’s ‘so-called’ violation of UN Security Council 2231. “On my part, I would like to stress that so far no one has presented to the Security Council any significant facts of the so-called Iranian violations. Therefore, we see no […]

 Head of Planning and Budget Organization Mohammad Bagher Nobakht said next year’s oil revenues (starting Mar. 21) are predicted to drop by 28%, amounting to $21 billion. Head of Planning and Budget Organization Mohammad Bagher Nobakht made the remarks Tuesday after President Rouhani submitted the budget bill for the next Iranian calendar year in 1398 (starting on […]

 Iranian crude in the global market is extremely important for sustaining a balance in oil trade, says Sanjiv Singh, chairman of Indian Oil Corporation Ltd. India is one of the largest consumers of crude oil and since Iran has been one of the key suppliers, the country hopes the US will extend sanctions waiver, Singh said, […]

 Turkey’s Foreign Minister Mevlut Cavusoglu says France’s presence in Syria to protect the YPG would help neither France nor the YPG. Cavusoglu stressed that Turkey has the power to single-handedly neutralize the ISIL terrorist group (Daesh) in Syria. Turkish President Recep Tayyip Erdogan has signaled that a cross-border operation against the terrorist PYD/YPG in Syria […]

Iranian President Hassan Rouhani said that the Budget Bill for the next Iranian calendar year in 1398 (to start March 21, 2019) is drafted considering the unjust sanctions of the United States against the Iranian nation. He made the remarks Monday at the open session of the Iranian Parliament while submitting the next year’s budget […]

 US lawmakers have introduced a bill this week in Congress to undermine Iran’s efforts to develop its own cryptocurrency. According to New York-based CoinDesk, a news site specializing in bitcoin and digital currencies, Rep. Mike Gallagher has submitted a bill to the US House of Representatives called ‘Blocking Iran Illicit Finance Act’, calling for imposition of […]

The United States has extended for 90 days a waiver given to Iraq from sanctions against Iran, a State Department spokesman said on Friday, allowing Baghdad to keep importing Iranian gas that is critical for Iraqi power production. The extension was reached on Thursday, when a previous 45-day waiver was due to expire, during a […]

Switzerland is close to launching a payments channel to let companies sell food, medicine, and medical devices to Iran in the face of US sanctions. According to the Financial Times, the Swiss initiative has US approval and rivals EU’s promised trade mechanism that is said to bypass US sanctions against Iran. According to the report, Bern’s […]

Iranian President Hassan Rouhani highlighted the futility of the US government’s attempts to cut Iran’s oil exports down to zero and said that since the latest batch of economic sanctions against the Islamic Republic took effect, oil exports “have become better”. “The US wanted to block our oil exports but they have become better since […]