European company withdraws from Nord Stream 2 after US sanctions, criticise Russia and Germany

European company withdraws from Nord Stream 2 after US sanctions, criticise Russia and Germany

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 […]

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Six European countries joint INSTEX to cooperate with Iran bypassing the US sanctions  

Six European countries joint INSTEX to cooperate with Iran bypassing the US sanctions  

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. […]

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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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