The European Union and its member states have been scrambling to to preserve the economic benefits of the Joint Comprehensive Plan of Action (JCPOA) for Iran following President Trump’s withdrawal from the agreement on May 8. In the last month, the European Commission has moved to add Iran to the investment mandate of the European […]
Iran’s rial rebounded from a series of record lows on Tuesday, after President Donald Trump said he would talk to Iran without preconditions and Iranian officials appeared not to immediately dismiss the idea. The dollar was trading at around 104,000 rials on the black market in late afternoon, from around 117,000 rials the day before, […]
One would think that Tehran might welcome President Donald Trump’s recent announcement that he is willing to meet with his Iranian counterparts “any time they want” with “no preconditions.” After all, Trump’s offer could be interpreted both as a vindication of Tehran’s refusal to blink first, and as a timely relief for an embattled Iranian economy. Only […]
Following President Donald Trump’s May 8 decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA), the United States has embarked on a “maximum pressure” campaign against Iran. The campaign involves, among other things, the reinstatement of all nuclear-related sanctions, revoking all licenses that allow for minor exemptions to those sanctions and applying additional economic […]
US President Donald Trump said Monday he was willing to meet with Iran’s leaders with “no preconditions” and “any time they want”—one week after tensions soared between Washington and Tehran. “I would meet with Iran if they wanted to meet. I don’t know if they are ready yet,” Trump told a White House press conference […]
“Smart Cities” integrate multiple information and communications technology (ICT) and internet of things (IOT) solutions to create more successful and sustainable urban environments. There is growing interest in smart city technologies as governments around the world struggle to manage population growth and the resource consumption of major cities. Smart city transformations can improve quality of […]
DUBAI (Reuters) – Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday, as the country faces likely U.S. sanctions and the exit of many foreign companies. In May the United States pulled out of a multinational deal […]
The UN’s top court said Thursday it will hold hearings next month in a bitter battle between Iran and the United States, after President Donald Trump reimposed sanctions on the Islamic republic. “The International Court of Justice (ICJ), the principal judicial organ of the United Nations, will hold public hearings from Monday 27 to Thursday […]
TEHRAN (ECOIDEAL) – European efforts to protect businesses investing in Iran from US sanctions risk leaving executives with the tough choice of whether to obey EU or American rules. The EU is finalizing its plans to mitigate the punitive measures as the Trump administration prepares to impose a new wave of sanctions next month and […]
President Donald Trump’s ALL-CAPS Twitter threat against Iran—“CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED”—feels like a cut-and-paste job from his approach to North Korea. Apply sanctions, make irresponsible suggestion of Armageddon, see what happens. The president is like an arsonist who puts out his own fire. The desultory results on North […]
In May, President Donald Trump announced that he was pulling the United States out of the Iran nuclear deal. A few weeks later, U.S. Secretary of State Mike Pompeo outlined the administration’s aggressive new Iran policy, which was designed to prevent the country’s emergence from isolation. This strategy, the Trump administration believes, will force Iran to return to […]
In a wake of the decision by the White House on May 8 to pull out of the nuclear deal with Iran, European vendors may still keep a presence in the Persian market through Russian OEMs. However, with the re-imposition of the “toughest sanctions” on the Islamic Republic, the European aerospace sector faces a difficult […]
ATR CEO Christian Scherer is “reasonably optimistic” the turboprop manufacturer can resolve the issues around new Iran sanctions and its pending deliveries to Iran Air. The Iranian national carrier placed an order for 20 ATR 72-600s, eight of which had been delivered by June when the Office of Foreign Assets Control (OFAC) export license was revoked. According to Scherer, conversations with […]
The U.S. embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange. Oil imports from Iran totaled about $9 billion in the year ended March […]
Washington’s “comprehensive” package of sanctions against Tehran are expected to kick in this November, but officials say the main target, Iranian crude oil exports, will likely simply be diverted from one group of buyers to another. A senior US energy official has told The Wall Street Journal that Washington expects China to buy up much of the oil others won’t […]
Iran has lodged a complaint with the International Court of Justice against the United States’ reimposition of sanctions, the foreign ministry said on Tuesday. The complaint was registered the previous day, spokesman Bahram Ghasemi said on the ministry’s website. The goal is “to hold US accountable for its unlawful re-imposition of unilateral sanctions,” Foreign Minister […]
The move is the first concrete sign that Europe could deliver on its promise to take steps to sustain the Iranian nuclear deal, setting European governments squarely against the Trump administration’s Iran sanctions policy aimed at isolating Tehran economically. Following the U.S. withdrawal from the deal in May, Iran has said it would stop complying […]
Iran’s supreme leader Ali Khamenei has called for better ties with the world—though not with the United States, according his official website on Monday. Khamenei met President Hassan Rouhani and his cabinet on Sunday and spoke of the “necessity of developing diplomacy and relations with foreign countries,” according to a transcript published in English. “Except […]
EU countries on Monday gave European firms legal cover to operate in Iran despite the US pullout from the nuclear deal, after a report that the Trump administration has rejected calls by Brussels for an exemption from sanctions. The bloc’s foreign policy chief Federica Mogherini said the 28 countries were doing all they could to save […]
The decision of the United States to wage war against Iraq in 2003 was one of the worst mistakes our country has ever made. Was Saddam Hussein a brutal dictator? Yes, but he didn’t have weapons of mass destruction, and toppling his regime had profound consequences—bringing the deaths of thousands of Americans and hundreds of […]
TOKYO — With the U.S. considering making exceptions to its demand that countries stop importing Iranian oil, Japan is looking to secure its oil supply and pursue business opportunities in the Middle Eastern country without raising red flags in Washington. U.S. Secretary of State Mike Pompeo hinted at the waivers during his visit to Abu Dhabi on […]
The Financial Action Task Force (FATF) on June 29 extended until October the deadline for Iran to pass and implement legal measures to address concerns regarding anti-money laundering (AML) and combating the financing of terrorism (CFT) in its financial sector. It is clear that a failure to implement what Iran included in its own action plan more than two years ago […]
An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing an official from the refiner, Dongming Petrochemical Group. What’s more, the source said that Beijing is planning to slap tariffs on U.S. crude oil imports and replace […]
President Donald Trump has once again taken to Twitter to slam OPEC for driving up oil prices. The group is a useful scapegoat on which to pin the blame for rising gasoline prices at home, but getting it to pump more crude won’t bring them down for long. The way to really lower prices is for […]
Following two months of rising uncertainty after President Trump decided to withdraw from the nuclear deal despite Iran’s continued compliance with its commitments, the remaining parties to the Joint Comprehensive Plan of Action (JCPOA) assembled in Vienna on Friday. The meeting of foreign minister was convened at Iran’s request. Iranian expectations of the meeting centered […]
The Trump administration released more details this week of how it plans to slap sanctions back on Iran. It is an ambitious and aggressive policy to change Iran’s behavior, but it is premised on faulty assumptions, and ultimately may be counterproductive. Two months ago, Secretary of State Mike Pompeo outlined 12 demands of Iran. The list reads more […]
China is unlikely to fully heed President Trump’s caveat to stop buying oil from Iran, according to FGE. If the planned U.S. sanctions prove successful to cut Iran’s oil exports to zero by Nov. 4, that will put as much as 2.3 million barrels a day of crude from the Persian Gulf state at risk, the consultant said. The […]
BRUSSELS (Reuters) – EU lawmakers gave approval on Wednesday for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned. The EIB, the European Union’s not-for-profit long term investment arm, is a key pillar of […]
Top diplomats from world powers will meet on Friday in a bid to defend their landmark nuclear deal with Iran from attack by President Donald Trump. Foreign ministers from China, France, Germany, Russia and the U.K. will convene in Vienna for the first time without the U.S. in order “to ensure the continued implementation” of […]
A plan by the United States to cut Iran’s oil production to zero is a “fantasy,” Iranian President Hassan Rouhani said Tuesday during his European tour to rally support for the 2015 nuclear deal. Washington has said it wants to pressure Iran to change its behavior by taking away all revenue Tehran generates from crude […]
The U.S. will grant waivers “on a case-by-case basis” so countries can buy Iranian oil after American sanctions are reimposed, a State Department official said, softening the Trump administration’s stance as it seeks to isolate the Islamic Republic after quitting the Iran nuclear deal. Brian Hook, the State Department’s director of policy planning, said three […]
Iran vowed Sunday to thwart US efforts to block its oil exports and warned rival OPEC producer Saudi Arabia it would never take Tehran’s “place” on the international oil market. “We will surely do something to thwart the US rallying cry that Iranian oil (exports) must be stemmed,” First Vice President Eshagh Jahangiri said in […]