US Exports to Iran Jump by 60% in 5 Months
TEHRAN (Tasnim) – The total value of US exports to Iran during the first five months of this year has increased by 60 percent compared the same period in 2017, according to the latest data released by the US Census Bureau.
Germany Considers Iran’s Bid to Withdraw 300mln Euros Cash: Report
TEHRAN (Tasnim) – German authorities are considering a request by Iran to withdraw 300 million euros from bank accounts held in Germany and transfer the cash to Iran, Bild newspaper reported Monday, citing unnamed government officials.
French Shipping Firm Suspends Ops in Iran due to US Sanctions
TEHRAN (Tasnim) – French shipping group CMA CGM has decided to pull out of Iran following the US administration’s decision to renew sanctions on companies operating in the country, its chief executive said on Saturday.
Dutch Carrier KLM Says Will Halt Flights to Iran
TEHRAN (Tasnim) – Dutch airline KLM said it will halt flights to Tehran "as a result of the negative results and financial outlook" following the US withdrawal from the 2015 nuclear deal between Tehran and world powers.
Leader Urges President to Address Problems in Iran's Gold Coin, Foreign Currency Markets
TEHRAN (Tasnim) – Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei ordered Iranian President Hassan Rouhani to address recent problems created in gold coin and foreign currency markets, informed sources said.
Trump to Blame for Surge in Oil Prices: Iranian Envoy
TEHRAN (Tasnim) – Oil will soon cost $100 per barrel due to supply disruptions caused by US President Donald Trump, Iran’s OPEC Governor said, as he warned expectations that Saudi Arabia and Russia would help bring down prices were in vain.
S Korea Suspends Iran Oil Loading under US Pressure: Sources
TEHRAN (Tasnim) – South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid US pressure to cut all imports of Iranian oil from November, three sources familiar with the matter said.
US Call for Rise in OPEC Output Insulting: Iranian Minister
TEHRAN (Tasnim) – Iran’s Oil Minister Bijan Namdar Zanganeh denounced the US call on Saudi Arabia to hike up its oil output as an insult to the sovereignty of members of the Organization of the Petroleum Exporting Countries, saying such political moves would cause instability in the oil market.
S Korea Denies Reports of Suspending Iran’s Oil Loading
TEHRAN (Tasnim) – The South Korean embassy in Tehran rejected media reports that Seoul has halted all shipments of Iranian crude and condensate in July amid US pressure to cut all imports of Iranian oil from November.
S Korea Sends Delegation to Iran ahead of US Sanctions: Report
TEHRAN (Tasnim) – The South Korean government recently sent a delegation to Iran ahead of the US’s resumption of sanctions against the country, a report said.
China Rejects US Call to End Iran Oil Exports
TEHRAN (Tasnim) – China has no plans to cooperate with US President Donald Trump’s crackdown on the Iranian oil industry, a Chinese diplomat said.
President Rouhani’s Visit to Europe Displayed Iran’s Diplomatic Maturity: US Researcher
TEHRAN (Tasnim) – An independent political researcher from Los Angeles said Iranian President Hassan Rouhani’s recent key trip to Europe showed Iran's “sovereignty and independence on the world stage”, adding that it further displayed the Islamic Republic’s diplomatic maturity.
World Cannot Go without Iranian Oil: Minister
TEHRAN (Tasnim) – Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee shrugged off the US government’s recent attempts to remove Iranian oil exports from global market and said the world cannot go without Iran’s oil.
Trump Asks Saudi Arabia to Increase Oil Production
TEHRAN (Tasnim) – US President Donald Trump on Saturday said he has asked King Salman of Saudi Arabia to increase oil production “maybe up to 2,000,000 barrels” in order to bring prices down.
Trump’s Oil Request An Order for Saudis to Leave OPEC: Iran
TEHRAN (Tasnim) – The US president’s announcement that Saudi Arabia has agreed to his request for a rise in the oil output is tantamount to an American order for the kingdom to bow out of the Organization of the Petroleum Exporting Countries, Iran’s OPEC envoy said.
US Push for Zero Oil Export by Iran to Upset World Market: Ex-Envoy
TEHRAN (Tasnim) – Iran’s former representative in OPEC warned against a sharp fluctuation of oil prices in the wake of a US plan to drive Iran's crude exports down to zero, saying a further rise in Saudi oil output could heavily impact the world market as the OPEC reserve surplus will be maxed out.
Trump Says No Exemption for EU Firms from Iran Sanctions
TEHRAN (Tasnim) – US President Donald Trump warned European companies that they would face secondary sanctions if they violated US restrictions on doing business with Tehran following Washington’s move to pull out of the Iran nuclear deal.
Trump Wants Oil World Doesn't Have to Give: Report
TEHRAN (Tasnim) – US President Donald Trump’s request for more Saudi Arabian oil put a spotlight on growing US unease about how quickly the crude sector has switched from glut to deficit, but a boost in Middle East production may not be enough to stem the price rallies that have hit consumers.
