When the U.S. slaps a nation with punitive sanctions, it tries to prevent not only American companies from doing business with the target country but also those of other states. Inevitably, these extraterritorial effects hit some countries much harder than others — as India has just found to its cost. Even though New Delhi has […]
In a recent interview, French Economy Minister Bruno Le Maire expressed optimism for the delivery of eight ATR turboprops to Iran as part of a contract with Iran Air, the country’s national airline. The encouraging comments come after Le Maire disclosed two weeks ago that the United States had rejected a joint European letter requesting a broad range […]
Emami is looking for partners as it plans to start operations in Iran by the end of this year. This comes at a time when US sanctions looms large on the country, according to a report by Business Standard. The company is working towards entering Iran by the end of this year and start selling products from the […]
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 […]
Tehran on Saturday urged foreign firms working in Iran to resist US “threats” of sanctions, adding it was in talks with French car makers about staying on in the country. “All (foreign) companies working in Iran should not be intimidated by US threats and should continue their activities in Iran,” Industry Minister Mohammad Shariatmadari told […]
At its plenary meeting in Paris, the Financial Action Task Force (FATF) opted “to continue the suspension of countermeasures” related to Iran’s inclusion in the so-called “blacklist” of countries with deficiencies in anti-money laundering (AML) and combating financing of terrorism (CFT) standards. The suspension will be in place until October 2018 and in this period […]
India said Wednesday it did not recognize sanctions the United States has threatened to impose on countries that continue to buy Iranian oil after November 4. “India does not recognize unilateral sanctions, but only sanctions by the United Nations,” Sunjay Sudhir, joint secretary for international cooperation at India’s petroleum ministry, told CNNMoney when asked whether […]
Iranian President Hassan Rouhani has sent a list of demands to France, Germany and Britain as its price for staying in the nuclear accord, vowing not to give in to growing U.S. pressure to curb its oil sales and complicate efforts to salvage the deal. The statement on the official government website, dolat.ir, didn’t give […]
The US decision to withdraw unilaterally from the Iran nuclear deal and pursue a “maximum pressure” campaign against Tehran is pushing Europe to find creative new ways to preserve economic relations with Iran and thus salvage the agreement. One idea, floated by the French Economy Minister Bruno Le Maire, is the establishment of a European version […]
Providing landlocked Central Asia with shipping access through Iran’s southeastern Chabahar port has been a hot topic since the fall of the Soviet Union. With China’s One Belt One Road initiative in recent years and investment by Central Asian countries in the new transit routes, Iran faces more challenges than ever to utilize the potential of Chabahar. Iran’s development strategy for the […]
Oman plans to still go ahead with a giant $1.5 billion natural gas pipeline linking the sultanate with Iran despite the threat of US sanctions imposed on the Islamic republic, according to the Gulf Arab state’s oil minister. Agreed in 2013, the subsea pipeline will deliver 1 Bcf/d of gas to Oman potentially for processing […]
Following the Trans-Pacific Partnership and the Paris Climate Accord, the Joint Comprehensive Plan of Action (JCPOA) is the third multilateral agreement that the current United States administration has withdrawn from. The administration has also put in jeopardy other multilateral arrangements such as NAFTA, the global trade system, and parts of the United Nations system, thus […]
Since US President Donald Trump pulled out of the nuclear agreement with Iran, formally known as the JCPOA, the EU has been looking for ideas to prevent the worst: the exit of Iran from its obligations under the deal, including a nuclear “breakout.” The best way to prevent that is to keep private investment flowing […]
Iranian President Hassan Rouhani will visit Austria and Switzerland next month as part of a campaign by Tehran to secure continued European backing for the 2015 nuclear accord. The future of the landmark deal was thrown into doubt when President Donald Trump announced last month that the United States would withdraw and reimpose sanctions that […]
NEW DELHI: India will seek US exemptions to buy Iranian oil and work towards setting up an alternative payment mechanism to protect its trade with the Islamic Republic in the wake of US sanctions against Tehran, according to officials familiar with the matter. Indian policymakers had initially believed that the sanctions may not matter to […]
OPEC nation Iran said it expects the group to stick with its pact to restrain oil supply as world markets don’t need more crude. The Organization of Petroleum Exporting Countries and its partners will meet next week and debate whether to restore output halted last year. Saudi Arabia and Russia have said it’s time to […]
NEW DELHI, June 12 (Reuters) – India’s oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh U.S. sanctions. From June India’s oil imports from Iran could drop because at least two […]
Following President Trump’s announcement of a U.S. withdrawal from the 2015 international nuclear agreement with Iran, the United States is set to pursue a “maximum pressure” campaign against Tehran whereby it reintroduces stringent economic and financial sanctions. From the Iranian perspective, the return of U.S. sanctions means a lost opportunity for growth and international engagement, […]
France, Britain, Germany and the EU on Wednesday sent the United States a joint official request for their companies to be exempt from punitive measures resulting from fresh US sanctions on Iran. “As allies, we expect that the United States will refrain from taking action to harm Europe’s security interests,” said the letter to US […]
The EU said Tuesday that a “first assessment” indicated that Iran’s announcement that it has launched a plan to boost uranium enrichment capacity did not breach its commitments under the beleaguered 2015 nuclear deal. Iran has notified the International Atomic Energy Agency that it plans to open a centre for producing new centrifuges, the Islamic […]
ANKARA (Reuters) – Iran will inform the U.N. nuclear watchdog in Vienna on Tuesday over its start of a process to increase the country’s uranium enrichment capacity, Iran’s Atomic Energy Organization spokesman Behrouz Kamalvandi told ISNA news agency. “In a letter that will be handed over to the International Atomic Energy Agency (IAEA) … Iran […]
NEW DELHI/ANKARA (Reuters) – Iran has awarded its first cargo of West Karoun oil to Spain’s Repsol (REP.MC), two sources familiar with the matter said on Monday, indicating that Tehran is keen to boost its oil exports despite the looming threat of sanctions. The Persian Gulf nation’s exports hit 2.7 million barrels per day (bpd) […]
NEW DELHI, June 1 (Reuters) – Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent U.S. sanctions. The move by BPCL indicates that refiners will try to frontload their purchases […]
PARIS (Reuters) – France’s Foreign Minister said on Thursday that the European Union has made some progress on measures to protect the bloc’s companies from U.S. sanctions on Iran but these were still insufficient. “We have moved forward on one point, which is the implementation of a European rule that dates from 1996 which we […]
Afghanistan is at risk of become an unintended victim of the Donald Trump administration’s sweeping sanctions against Tehran, announced as part of the U.S. decision to withdraw from the 2015 Iran nuclear deal in early May. A major port complex is being developed on Iran’s southern coast that is set to provide a transport corridor to Afghanistan, granting the landlocked country new […]
Iran is still implementing the 2015 accord over its nuclear program, according to a report by the UN’s nuclear watchdog. The International Atomic Energy Agency report, seen by AFP, shows that Iran is abiding by the deal’s key restrictions on its nuclear facilities. The latest assessment from the IAEA comes weeks after US President Donald […]
PARIS (Reuters) – French carmaker PSA Group launched its Citroen C3 model in Iran last week despite Washington’s withdrawal from the nuclear agreement with Tehran, brand chief Linda Jackson said on Thursday. PSA, the maker of Peugeot and Citroen cars, sold 2,000 C3 subcompacts in one hour on launch day, Jackson said, adding that the […]
Efforts by world powers to salvage the landmark nuclear deal with Iran pick up on Friday in Vienna, where officials will meet for the first time without U.S. diplomats present. Russia, China, the U.K., France and Germany will discuss the economic incentives Iran needs to keep caps on its nuclear work in place, according to officials who’ll […]
ran’s supreme leader, Ayatollah Ali Khamenei, the country’s highest authority, delivered his most significant speech regarding the United States’ withdrawal from the nuclear deal between Iran and the five members of the UN Security Council plus Germany. In the May 23 speech, delivered two days after US Secretary of State Mike Pompeo made 12 demands of Iran, Khamenei presented his own […]
French Foreign Minister Jean-Yves Le Drian said Wednesday that the United States risks further destabilizing the Middle East after Washington warned Iran faced the “strongest sanctions in history.” “The sanctions to be launched against Iran will not foster dialogue. On the contrary, they will boost the importance and power of Iran’s conservatives and weaken president […]
The U.S. withdrawal from the nuclear agreement between Iran and the EU/E3+3 constitutes a strong rejection of multilateralism by the Trump administration and leaves the remaining parties of the agreement with the challenge to safeguard its survival. Europe has been ascribed a leading role in this quest, as it has arguably a much greater stake […]
Austrian energy group OMV said on Tuesday it had not halted its planned Iranian energy projects despite the U.S. withdrawal from an international nuclear agreement, but it had made no investments there yet. The group was monitoring political developments in the United States and the European Union very closely, said upstream chief Johann Pleininger at […]
The EU’s foreign policy chief warned Monday there was “no alternative” to the Iran nuclear deal, after US Secretary of State Mike Pompeo vowed unprecedented sanctions against Tehran following Washington’s withdrawal from the pact. Pompeo—a longtime Iran hawk and fierce opponent of the 2015 agreement earlier Monday outlined an aggressive series of “painful” measures designed […]
A new open letter calls upon the European Union to “discharge its international obligations” and ensure that “Iran and its people enjoy the full economic and political dividends” of the nuclear deal, despite President Trump’s unilateral withdrawal from the agreement earlier this month. Over 150 figures have signed the letter so far, including some of […]
TEHRAN (Reuters) – Iranian Oil Minister Bijan Zanganeh said on Saturday that U.S. President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports if the EU could salvage the pact. “Every new decision in OPEC needs unanimity… I believe that if the European Union helps us… the level of […]
Chinese state-owned oil company CNPC will replace Total on a major gas field project in Iran if the French energy giant pulls out over renewed US sanctions against Tehran, Iran’s oil minister has said. “Total has said that if it doesn’t get an exemption from the United States to continue its work, it will begin […]
The Russia-led Eurasian Economic Union trade bloc signed an interim trade deal with Iran on Thursday and plans to negotiate a free trade zone, said Kazakhstan which hosted the talks. The agreement signed in the Kazakh capital Astana comes as the United States is snapping economic sanctions on Tehran back into place and warned companies […]
The EU will on Friday begin moves to block the effect of US sanctions on Iran in the bloc, European Commission chief Jean-Claude Juncker said, as part of efforts to preserve the nuclear deal with Tehran. “We will begin the ‘blocking statute’ process, which aims to neutralize the extraterritorial effects of US sanctions in the […]
Speaking on Thursday at the Center for Strategic and International Studies, a Washington D.C. think tank, Total CEO Patrick Pouyanné faced several questions about his company’s recently announced decision to wind down operations in Iran following the reapplication of secondary sanctions by the Trump administration. With his trademark candor, Pouyanné left no doubt that Total was obligated to […]
European Union leaders agreed on a “united EU approach” to keeping the Iran nuclear deal alive after US President Donald Trump withdrew from the pact, a European source said after talks in Bulgaria. The 28 EU leaders also backed a plan for dealing with trade tariffs that Trump is imposing on European metals, saying that […]
Iran plans to sign a $1.16 billion agreement with the U.K.’s Pergas Resources International Ltd. to work on a southern oil field, marking the Persian Gulf nation’s first energy venture with a foreign company since U.S. President Donald Trump ripped up the Iran nuclear deal. London-based Pergas and state-run National Iranian South Oil Co. will […]
President Donald Trump’s hard exit from the 2015 Iran nuclear deal was followed by a hard message for Europe: The United States will use sanctions to coerce its allies to shut their economic doors to Iran. Trump not only chose to violate a multilateral agreement, but his administration now aims to implode it by obstructing […]
EU chief Donald Tusk hit out at US President Donald Trump on Wednesday, accusing Washington of “capricious assertiveness” in abandoning the Iran nuclear deal and imposing trade tariffs on Europe. “Looking at the latest decisions of President Trump, someone could even think with friends like that who needs enemies,” Tusk told reporters in the Bulgarian capital […]
President Donald Trump’s decision to withdraw the United States from the Iran nuclear deal and reinstate all U.S. sanctions won’t deliver punishing economic pressure capable of forcing Iran to submit to Washington’s policy demands. Along with diplomatic furor and a blow to nuclear arms control, the move also comes with damning unintended economic consequences for […]
The European Union on Tuesday launched work on a nine-point economic plan to keep the Iran nuclear deal alive after the abrupt withdrawal of the United States. Europe is scrambling to come up with ways to persuade Iran to stick with the landmark 2015 agreement despite US President Donald Trump ditching it a week ago. […]
Iran’s foreign minister is due to land in Brussels later Tuesday on the final leg of a global tour rallying diplomatic support for the country’s nuclear deal after the Trump administration’s abrupt withdrawal. Mohammad Javad Zarif will meet with his counterparts from Britain, France and Germany—the three European nations involved in the landmark deal who […]
US President Donald Trump’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) has created an urgency for all other deal signatories to work toward saving the accord. As international companies face a new dynamic and risk profile, innovative steps will need to be taken to sustain the deal, especially in response to Iranian […]
European powers alarmed by Donald Trump’s withdrawal from the Iran nuclear accord set out this week on an urgent search for ways to hold the deal together and avoid a further escalation of violence in the Middle East. With Chancellor Angela Merkel warning that faith in the international order is at stake, Germany, France and […]
Iran’s foreign minister said Sunday he was hopeful of forging a “clear future design” for the nuclear deal facing collapse after Washington’s withdrawal, at the start of a diplomatic tour aimed at rescuing the agreement. “We hope that with this visit to China and other countries we will be able to construct a clear future […]
WASHINGTON — While many hands gripped the sword that undercut the Iran nuclear deal, no one outside the Trump administration was a more persistent or effective critic than Mark Dubowitz, the chief executive of a hawkish Washington think tank. But rather than publicly celebrate President Trump’s decision Tuesday to jettison the accord, he is mourning […]
While Russia has condemned Washington for its withdrawal from the Iran nuclear deal, Moscow remains less exposed to the economic consequences of US sanctions than Europe and its companies could even benefit from the move. “The deal and the lifting of sanctions in 2015 marked the return of European business to Iran. But it’s unlikely […]
France’s foreign minister on Thursday condemned the United States for reimposing sanctions against foreign companies trading with Iran, labeling the move “unacceptable” in comments that expose the deepening rift between Washington and its European allies on the issue. On Tuesday, US President Donald Trump announced he was pulling out of a landmark deal curbing Iran’s […]
awks on Capitol Hill are preparing to go head-to-head with European countries that intend to continue business with Iran in the wake of President Donald Trump’s decision to withdraw from the 2015 Iran nuclear deal and reimpose all related U.S. sanctions. Several congressional offices are mulling an external memo, obtained by THE WEEKLY STANDARD, which […]
ANKARA (Reuters) – Iranian Oil Minister Bijan Zanganeh said on Thursday that U.S. President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports. “Trump’s decision will not have any impact on our oil export … that era is history now,” he told state television. Trump announced a U.S. withdrawal […]
In Iran, the housing sector — which accounts for a hefty 35% of all household expenses — has since 2011 been in the grip of its worst recession in recent history. Indeed, it was the only sector not to rebound after sanctions were lifted with the implementation of the Joint Comprehensive Plan of Action (JCPOA) in January 2016. But […]
Despite months of E3-US negotiations to avert an unnecessary crisis over the Iran nuclear deal, President Trump has declared a hard exit from the nuclear agreement. The decision demonstrates that the US has decided that confrontation with Iran is both necessary and inevitable, regardless of what European allies think. The US administration looks set to […]
French President Emmanuel Macron and Iran’s Hassan Rouhani agreed on Wednesday during a phone call to work toward “the continued implementation of the nuclear deal” despite the US decision to withdraw from the agreement, the French presidency said. “The French and Iranian presidents agreed to pursue their joint efforts with all nations involved, with the […]
European Union officials will seek exemptions for European companies from sanctions the U.S. plans to impose on Iran, The Financial Times reported on Wednesday. The EU in its bid to save the 2015 nuclear accord with Iran and six other countries will have to convince European companies including French oil producer Total SA FP, -0.21% and defense contractor Airbus SE AIR, -1.52% to […]
President Trump has violated the Joint Comprehensive Plan of Action and withdrawn from a landmark arms control agreement that enjoyed broad international support. Crucially, he did so more decisively than many expected. In his televised announcement on Tuesday, Trump clearly relished the opportunity to follow through on his campaign promise to “rip up” the Iran […]
Iran said it will hold talks with signatories to a nuclear deal after US President Donald Trump’s decision Tuesday to withdraw from the accord, which it branded “psychological warfare.” President Hassan Rouhani also said Iran could resume uranium enrichment “without limit” in response to Trump’s announcement. He said he would discuss Iran’s response with the […]
Donald Trump didn’t kill the Iran nuclear deal. He just shrank its membership by one. That was the line taken by the European Union immediately after the U.S. president announced his withdrawal from the 2015 accord. Germany, France and the U.K. all said they’ll stick to their commitments. Iran’s Supreme Leader Ayatollah Ali Khamenei said […]
A former Iranian diplomat believes that if the US exits from the JCPOA without the UN Security Council and the Joint Commission under the agreement dealing with Iran’s complaints, Iran can subject its membership in the JCPOA and NPT to the full implementation of the 2015 JCPOA nuclear agreement. On 12 May, Donald Trump will […]
For much of Iran’s political elite, and its overwhelmingly young population, the nuclear deal is becoming a story of failure. This situation risks impacting on Tehran’s willingness to engage politically and to reach diplomatic compromises with Western powers. Last week European leaders were in Washington for a last push to keep the United States on […]
Iran is seeing bumper oil exports. But that doesn’t mean production is on a similar trend. OPEC’s third-largest producer ramped up exports in April to the highest since sanctions were eased more than two years ago. The jump came just weeks before a U.S. decision on whether to pull out of the global deal that […]
Turns out Mark Mobius isn’t one for retirement. Less than four months after leaving Franklin Templeton Investments, the 81-year-old has set up a new asset management firm to invest in emerging and frontier markets. Mobius Capital Partners LLP has yet to line up outside investors and wants to raise about $1 billion within two to […]
Israel began sharing an intelligence trove on Iran’s alleged nuclear ambitions Tuesday, but Prime Minister Benjamin Netanyahu faced accusations his televised unveiling of it lacked evidence a 2015 accord had been violated. The IAEA, the United Nations atomic watchdog, said it would evaluate any new relevant information, but cited its assessment from three years ago […]
BEIJING (Reuters) – China’s foreign ministry on Wednesday reiterated that all sides should continue to uphold the Iran nuclear agreement, and that the International Atomic Energy Agency (IAEA) has said many times Iran is in compliance with the deal. Speaking at a daily news briefing, ministry spokeswoman Hua Chunying said China had noted reports about […]
The UN’s nuclear watchdog reiterated Tuesday it had “no credible indications of activities in Iran relevant to the development of a nuclear explosive device after 2009”, citing its assessments from 2015. A spokesman for the International Atomic Energy Agency (IAEA) said in a statement that its board of governors had “declared that its consideration of […]