Washington/Moscow: US President Donald Trump signed the proposal for imposing sanctions against the ambitious Nord Stream 2 gas pipeline between Russia and Germany. European company ‘Allseas’ withdrew from the project, within hours of the signing of the order. This withdrawal has rocked the project and Russia, as well as Germany, have fired strong salvos of […]
Read More »
Brussels: Six more European countries have joined the system which is designed to establish cooperation with Iran and circumvent US sanctions. Belgium, Denmark, Finland, Netherlands, Norway and Sweden joined the INSTEX economic system and declared that they would continue to trade with Iran. Earlier, the United Kingdom, Germany and France started using the INSTEX system. […]
Read More »
Washington: Millions of barrels of oil supplied by Iran has been stored in oil depots by China. A leading US news agency claimed that China is bypassing the US sanctions by refusing to channelize this oil in the domestic market. As per the news agency, the Chinese plan to bring that oil in the market […]
Read More »
Tehran: The Iranian economy has plunged into a crisis, and the country has been hit with peak inflation due to stringent sanctions imposed by the US in the last year. The Iranian citizens are complaining about food prices that have shot up by 50% to 100%. Moreover, the government, too, has tremendously failed to bring […]
Read More »
Tehran: Inflation in Iran has gone up by a whopping 37%, and the Iranian people have to pay ten times the price for purchases. It is said that the Iranian people have to shell out 130,000 Rials per US dollar. At the same time, unemployment has moved up to 12%, rendering more than 3 million […]
Read More »
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 […]
Read More »
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 […]
Read More »
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 […]
Read More »
London: The crude oil rates have risen, in light of the raging conflict in Libya and the US sanctions against Iran and Venezuela. The crude prices jumped to $70 per barrel, in the international market, on Monday and the US crude also rose to $63 per barrel. These rates are the highest, in the last […]
Read More »
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 […]
Read More »
