US Sanctions

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Iranian Foreign Minister Mohammad Javad Zarif announced the country's willingness to ink a deal with Iraq to drop customs tariffs between the two countries.
News ID: 3288    Publish Date : 2019/01/16

Indian domestic billet prices drop by INR 400-1,000/MT(USD 6-14) in last one month. Current prices for induction grade billet (which is more popular in merchant market) hovers at INR 32,600/MT (USD 466) ex-Mumbai.
News ID: 3276    Publish Date : 2019/01/15

Iranian Foreign Ministry Spokesman Bahram Qassemi said the European Union lacks the structures needed to create the special purpose vehicle (SPV), the mechanism aimed at facilitating trade with Iran in the US sanctions era.
News ID: 3264    Publish Date : 2019/01/15

Two one-million-barrel cargoes of Iranian oil will arrive in South Korea’s port of Incheon in the space of a week in January to end the 4-month long hiatus in the flow of fuel from the energy giant to the world’s fifth-largest oil buyer.
News ID: 3252    Publish Date : 2019/01/14

The foreign minister of Spain said his country would do its best to preserve economic relations with Iran despite the US sanctions against Tehran.
News ID: 3217    Publish Date : 2019/01/10

Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when US sanctions on Iran were reimposed, trading and shipping sources said.
News ID: 3215    Publish Date : 2019/01/10

Turkey's crude oil import profile is set for major changes this year following the re-imposition of US sanctions against its main crude supplier, Iran, coupled with the commissioning of Socar's new 214,000 bpd STAR refinery.
News ID: 3170    Publish Date : 2019/01/06

Economy Minister Farhad Dejpasand asserted that Iran’s economic cooperation with other countries is growing, reassuring that US plots against the country’s economy will not get realized.
News ID: 3168    Publish Date : 2019/01/05

Iran’s foreign debt will drop to $9.3 billion by the end of the current Iranian year (March 20, 2019) as the country’s oil exports will stand at one million barrels per day (bpd) next year, the World Bank predicted.
News ID: 3111    Publish Date : 2018/12/29

Pakistan's new Ambassador to Tehran Rafat Masoud underlined the need for the further expansion of all-out ties and cooperation with Iran, saying that dollar should be replaced with other currencies in trade exchanges between the two countries.
News ID: 3107    Publish Date : 2018/12/29

Citing the new US sanctions against Tehran, workplace chat app Slack banned Iranian users on Wednesday. A deputy director of Iran IT Organization told the Financial Tribune that such unprofessional moves plus the unending hostility will likely compel users across continents to think twice before subscribing to American companies involved in and living off such business.
News ID: 3059    Publish Date : 2018/12/24

Several foreign companies have shown interest in purchasing Iran's oil via the exchange market, Managing director of Iran's Energy Exchange Seyed Ali Hosseini said.
News ID: 3045    Publish Date : 2018/12/23

India will deposit payments for crude oil imported from Iran into escrow accounts of five of its banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome US sanctions.
News ID: 3003    Publish Date : 2018/12/20

OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cutback of 800,000 bpd OPEC pledged last week, according to the International Energy Agency, Bloomberg reported.
News ID: 2932    Publish Date : 2018/12/16

Iran, one of the largest billet exporter in MENA region is currently facing economic sanctions from US, owing to which the steel export has affected badly. Iran has exported 1,806,000 MT billet and bloom during the first seven months of current Persian year (21-Mar till 22-Oct’18).
News ID: 2927    Publish Date : 2018/12/16

The volume of Iran’s non-oil goods exported to Pakistan in the first 8 months of the current Iranian calendar year (March 21- November 22) has registered a 58% increase in comparison with the same period last year, reaching a total sum of $860 million worth of commodity.
News ID: 2892    Publish Date : 2018/12/12

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced on Tuesday that the country has launched mutual financial channels with a number of world states for money transactions to confront the US sanctions.
News ID: 2887    Publish Date : 2018/12/11

Iranian President Hassan Rouhani stressed Washington's failure to prevent his country's oil exports, expressing pleasure that crude sales have even increased after the US sanctions.
News ID: 2886    Publish Date : 2018/12/11

A senior Iranian lawmaker criticized the European parties to the 2015 nuclear deal and said they are not determined to create the Special Purpose Vehicle (SPV), the mechanism aimed at facilitating trade with Iran in the US sanctions era.
News ID: 2870    Publish Date : 2018/12/10

Iran, one of the largest steelmaker in MENA has witnessed a sharp fall in graphite electrode imports. The nation, primarily produce steel through EAF, has imported 3,380 MT GE in Oct’18, registered a downfall of 60% M-o-M against 7,900 MT imported in Sep’18.
News ID: 2852    Publish Date : 2018/12/08

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