The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]

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Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

London: The effects of the US tightening the noose around Iran against oil trade have started emerging on the international level. Following the announcement by the United States, the Crude rates have spiralled to $ 75 per barrel, in just three days. As per the analysts, after the actual implementation of the sanctions, the rates […]

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Iran infuriated by the new US sanctions threatens to stop oil movement through Hormuz

Iran infuriated by the new US sanctions threatens to stop oil movement through Hormuz

Tehran: The Iran navy chief roared ‘If Iran cannot export oil through Hormuz, no one else will be allowed to transport oil, through this sector.’ A third of the oil movement in the world passes through the Strait of Hormuz. This increases the seriousness of the threat, issued by the Iranian naval chief. One of […]

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Political turmoil in Iran intensifies due to US sanctions; extremist groups get aggressive against the government

Political turmoil in Iran intensifies due to US sanctions; extremist groups get aggressive against the government

Washington: The repercussions of the US sanctions can be felt in the political circles of Iran. The opposition and the extremists have started criticising that Iran is in this condition today because of the wrong policies adopted by President Hassan Rouhani and Foreign Minister Javad Zarif. An extremist group in Iran has warned that the […]

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The Iranian government will start excavation for Gold to break the shackles of the US sanctions

The Iranian government will start excavation for Gold to break the shackles of the US sanctions

Tehran: The Iranian economy is cornered because of the withdrawal of the European and Asian countries and companies from the trade and crude oil related cooperation, fearing US sanctions. Iran has decided to increase the share of Gold in the economy, to recover the economy, breaking the shackles. The government has ordered starting excavation of […]

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US sanctions are a declaration of war, Iranian President Rouhani

US sanctions are a declaration of war, Iranian President Rouhani

Tehran: The sanctions imposed by the United States against Iran have come into effect from Monday. While the whole world is discussing the impact of the sanctions, the Iranian President has claimed this to be a declaration of war. President Rouhani expressed confidence that his country will face the sanctions with self-esteem. At the same […]

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