The European Union may switch to non-dollar transactions to protect its trade with Iran in the wake of the latest U.S. sanctions, Reuters news agency reports. The news comes as Iran’s European trading partners are working to set up a Special Purpose Vehicle, which is a payment clearance house where Iran’s proceeds from...
President Donald Trump’s administration has officially restored sanctions on Iran that went away with the 2015 Iranian nuclear deal.
At the same time, SWIFT, a financial messaging service based in Belgium, announced it will suspend “some unspecified Iranian banks’ access to its messaging system in the interest...
President Donald Trump’s administration has announced that it will reimpose sanctions on Iran that were terminated under the 2015 nuclear deal. A few countries received exemptions. From Fox News:
Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin announced the sanctions on Iran’s shipping, financial and energy sectors. Particularly, the sanctions...
A leading Chinese bank, which acted as the main conduit for payments to Iran, is halting financial transactions with the Islamic Republic, Reuters news agency reports. The state-owned Bank of Kunlun’s decision was made “under pressure” of impending U.S. sanctions due to take effect early November, news reports disclose.
The halting of transactions spells...
A German court has ordered the extradition of an Iranian diplomat suspected of involvement in a bomb plot over to Belgium, German media reported. Assadollah Assadi, a diplomat posted to Vienna, was arrested by German police in early July for planning an attack on an Iranian opposition rally in France.
The event organized...
India, the second biggest oil customer for Iran, has begun cutting Iranian crude oil imports ahead of the November deadline set by the Trump administration, Indian newspapers report. The United States is expected to impose a fresh round of crippling sanction on Tehran in early November, targeting the country’s oil industry...
Former Secretary of State John Kerry recently admitted that he has had meetings with officials from Iran since leaving office. One of the points Kerry relayed to them was that they should wait out the Trump presidency. It’s nearly impossible to imagine the firestorm this would set off among Democrats and...
With US sanctions biting deep into Iran’s economy, country’s theocratic leader Ayatollah Ali Khamenei has admitted that European countries cannot to save the 2015 nuclear deal, Reuters news agency reported.
“There is no problem with negotiations and keeping contact with the Europeans, but you should give up hope on them over economic...
President Donald Trump tweeted this morning that his administration has imposed “biting sanctions” against Iran as the regime continues to face protests from fed-up citizens.
Germany’s central bank, the Bundesbank, has revised its regulations to stop Iran from withdrawing €320 million ($400 million) in cash from the country’s bank accounts. Under the new conditions, the Bundesbank can stop cash transfers that violate US Treasury sanctions, the German newspaper BILD disclosed.
The drastic measure to physically ship the cash...
In late April 2018, Israeli Prime Minister Benjamin Netanyahu revealed that Israel’s Mossad had captured and removed from Iran a massive volume of secret Iranian nuclear files.
We covered Netanyahu’s public presentation, Netanyahu Reveals Newly Discovered and Damning Intel on Iran Nuclear Program:
The European Union has called on the U.S. not to punish European firms that trade with Iran, German daily Die Welt reported Thursday. In a letter to the U.S. officials, the EU Foreign Policy Chief Federica Mogherini “appealed to the...
Holy cow. The Associated Press has reported that former President Barack Obama’s administration attempted to give Iran access to U.S. banks despite sanctions in place and lied to Congress about said plans.
In 2016, a license issued by the Treasury Department gave Iran permission “to convert $5.7 billion it held at a...
Iran has been trying to acquire foreign technology to build nuclear weapons, German intelligence reveals. Tehran has been targeting Germany’s technology sector to get hold of tech in order to upgrade its weapons of mass destruction (WMD) program, a report published by the intelligence agency of the...
John Kerry and others told us that Iranian Foreign Minister Mohammad Javad Zarif is a moderate. Would it shock you to learn that this might not be true?
European companies are leaving the Islamic Republic of Iran in droves fearing U.S. sanctions after President Donald Trump’s decided to withdraw from the 2015 nuclear deal earlier this month. The regime in Tehran is “particularly concerned by the decisions of various European companies to halt their Iranian operations until the future of...
Ismail Kowsari, a senior officer in Iran’s Revolutionary Guard, lashed out at Secretary of State Mike Pompeo’s vow to impose strong sanctions on the regime. From NBC News:
“The people of Iran should stand united in the face of this and they will deliver a strong punch to the mouth of the...
