Iran criticizes lack of progress by Europe on trade

Iran -- Members of Parliament including Heshmatollah Falahatpisheh in a session of Parliament, undated. (IRNA) November 16, 2018 An influential parliamentary leader in Iran has lambasted Europe for failing to find a city to host the so-called Special Purpose Vehicle (SPV), initiated by EU to protect trade with Iran against newly reimposed U.S. [...]

By |November 16th, 2018|Europe|

Iran must be punished for failing to comply with financial standards

Iranian President Hassan Rouhani (R) and his Foreign Minister Mohammad Javad Zarif (L) meeting with the country's Supreme Leader Ayatollah Khamenei. (IRNA) By Majid Rafizadeh November 16, 2018 After the Joint Comprehensive Plan of Action, commonly known as the Iran nuclear deal, was struck between the P5+1 world powers and the Islamic Republic in 2015, [...]

By |November 16th, 2018|Europe, Middle East, North America, USA|

U.S. envoy Hook ramps up pressure on Iran, warns European companies

Brian Hook, special representative for Iran, leaves the podium after speaking about the creation of the Iran Action Group at the State Department, in Washington, Thursday, Aug. 16, 2018. (AP) November 15, 2018 The United States increased pressure on Iran Thursday by renewing warnings to European businesses intending to interact with the country [...]

By |November 15th, 2018|Europe, North America, USA|

Austria says won’t host Iran sanctions-busting payments system

European Union flags fly at European Central Bank in Frankfurt. (AFP) November 14, 2018 Austria has rejected hosting a special payment system designed to help EU countries trade with Iran despite US sanctions, the Austrian foreign ministry said Tuesday. "We were asked if Austria would be prepared in principle to host this special [...]

By |November 14th, 2018|Europe|

IMF: Iran needs oil price close to $100 a barrel to balance budget

Sigal Mandelker, Under Secretary for Terrorism and Financial Intelligence. (FDD) November 14, 2018 The International Monetary Fund (IMF) said Iran needs oil prices to reach USD98.6 a barrel this year and USD95.4 next year to balance its budget. The IMF estimated in May Iran needed to sell oil for USD68.1 a barrel this [...]

By |November 14th, 2018|Europe, North America, USA|

Hezbollah associate on trial in Paris over drug links

Members of Lebanon’s Shia Hezbollah movement stand at attention in the southern town of Bisariyeh, last August. (AFP) November 13, 2018 An associate of the Lebanese Hezbollah group went on trial in Paris on Tuesday along with 14 other suspects for their suspected involvement in a vast crime ring accused of laundering Colombian [...]

By |November 13th, 2018|Europe, Lebanon|

U.S. not too bothered by Europe’s idea for Iran trade

A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the U.S., Iran, China, Russia, Britain, Germany, France and the European Union during the Iran nuclear in Vienna, Austria July 14, 2015. (REUTERS) November 13, 2018 The United States is not too concerned [...]

By |November 13th, 2018|Europe, North America, USA|

Iranian oil exports already down before sanctions came back online

An oil tanker is seen off the port of Bandar Abbas, southern Iran. (AFP) By Andrew Gabel and David Adesnik November 12, 2018 Even before the reinstatement of sanctions earlier this week, Iran’s oil exports had already fallen by as much as 40 percent from their previous high, or one million barrels per day (bpd). [...]

By |November 12th, 2018|East Asia, Europe, Middle East, North America, USA|

Trump, Macron discuss Iran, differences over JCPOA in Paris meeting

France, Paris, French President Emmanuel Macron delivers a speech as U.S. President Donald Trump looks on, before a lunch at the Elysee Palace, during commemorations for Armistice Day, 11 Nov,2018. (Reuters) November 12, 2018 French President Emmanuel Macron and US President Donald Trump talked about Iran in a closed-door meeting on Saturday November [...]

By |November 12th, 2018|Europe, North America, USA|

Iran sanctions, Turkish write-down hit UniCredit profit

In this file photo dated Tuesday, Dec. 13, 2016, the entrance of the UniCredit tower at the Porta Nuova business district in Milan, Italy. (Reuters) November 10, 2018 The Italian bank UniCredit said Thursday that third-quarter profits dropped 99 percent due to one-off provisions to cover any settlement for alleged U.S. sanctions violations [...]

By |November 10th, 2018|Europe, Turkey|