It tells you something when an American president talks openly about his unsuccessful attempts to persuade another country to do what he wishes. But that’s what happened yesterday during President Trump’s unscripted speech to supporters in Mississippi. Trump referred to…
Tag: sanctions
Iran has got $3bn not $55bn in frozen assets
John Kerry during his May visit to London in which he met non-US banks Only $3bn of $55bn of Iran’s frozen assets have been returned so far and European and Asian banks continue to be reluctant to deal with Iranian counterparts,…
Iran near to complying with nuclear deal
Iran is close to complying with all the conditions in the Joint Comprehensive Plan of Action (JCPOA) agreed with the US, China, Russia, France, the UK and Germany, US Secretary of State John Kerry said today. “We are days away…
Iran to rejoin SWIFT soon
For full coverage of business developments in Iran and the Middle East, see MEED Central Bank of Iran governor Valiollah Seif said today that Iran is working on a plan to rejoin the Society for Worldwide Interbank Financial Telecommunication (SWIFT),…
Obama administration says Iran sanctions off as early as January: Wall Street Journal
The New York Wall Street Journal reported today that the Obama administration had welcomed the submission of the International Atomic Energy Agency’s report on Iran’s alleged nuclear-weapons work, and said it would likely pave the way for the removal of economic sanctions…
End of sanctions will have short-term impact on oil; long-term impact on refined product and petrochemical markets
For full coverage of business developments in Iran and the Middle East, see MEED. The end of nuclear-related sanctions, which could happen by the end of 2015, will have a short-term impact on oil prices but a long-term impact on…
Iran in talks to buy share in India’s Essar Refinery
Iran has started negotiations to buy an equity stake in India’s Essar Refinery and similar talks also being held with European, South American and Asian companies, deputy petroleum minister Abbas Kazemi was quoted as saying today. Kazemi was reported by…
IAEA on track to submit Iran nuclear report by 15 December
The International Atomic Energy Agency (IAEA) will submit its final assessment of Iran’s compliance with the roadmap agreed by the Islamic Republic and the agency on 1 July by 15 December as required by the Joint Comprehensive Plan of Action,…
US congress critical to timing of lifting of Iran sanctions
US Congress, which is dominated by opponents of President Obama’s Iran policy, will not be able to block but will definitely slow the lifting of US, UN and EU Sanctions on the Islamic republic, analysts say. The joint comprehensive plan…
Fear of bank sanctions is disrupting Iran food imports: Reuters
Fear among international banks about being subject to penalties for breaching sanctions against Iran are disrupting food imports into the Islamic Republic, Reuters reported on 10 May. It says that hundreds of thousands of tons of grain and sugar in…