Image 01 Image 03

Iran Nuclear Deal Tag

Six European countries have joined the European payment mechanism which seeks to bypass U.S. sanctions against Iran. "Belgium, Denmark, Finland, the Netherlands, Norway and Sweden are in the process of becoming shareholders of the Instrument in Support of Trade Exchanges (Instex)," the Government of Norway said in a statement on Friday.

Anti-regime protesters torched around 731 banks in nationwide unrest that began two weeks ago, Iran's top leader Ayatollah Ali Khamenei admitted. The demonstrations against the Shi'a Islamic regime started on November 15 after Tehran announced the rationing of gasoline and a sharp hike in fuel prices. Protesters also turned their anger at symbols of the regime, setting fire to banners and billboards depicting Ayatollah Khamenei and Islamic propaganda.

Anti-regime protests erupted across Iran after the regime imposed rationing of gasoline and hiked fuel prices. People took to streets in more than 100 cities, including the Iranian capital of Tehran. Iran's so-called Supreme Leader Ayatollah Khamenei lashed out at the people on Sunday for protesting the three-fold fuel price rise, calling them "thugs" and "hooligans."

The Iranian economy could shrink by 9.5 percent in 2019 amid tighter U.S. sanctions, the International Monetary Fund (IMF) forecasts. The economic projection comes a month after President Donald Trump ordered the Treasury Department to "substantially increase" sanctions on Tehran.

Echoing the sentiments of Democrats, a top Iranian official has threatened to "catch" President Donald Trump and "put him on trial" for unspecified actions against Iran and others. The threat was made by Mohsen Rezaei, the former chief of the regime's military arm, the Islamic Revolutionary Guard Corps (IRGC).

The United State has imposed sanctions on a leading Chinese state-owned company for importing Iranian oil. The sanctions placed by the U.S. State Department bar Zhuhai Zhenrong Corporation, one of China's largest state-run oil companies, from "engaging in foreign exchange, banking or property transactions under US jurisdiction," London-based Financial Times reported.

As Iran breaches the limit on its enriched uranium stockpile set under the 2015 nuclear deal, European powers scramble to appease the regime. The European Union has started processing payments to Iran under a new trading mechanism, German media reports confirmed. While French President Emmanuel Macron is expected to rush to Tehran in an attempt to coax the regime into the Obama-era deal.

Iran tried to procure weapons technology to build up its nuclear program in 2018, Germany's federal intelligence service BfV disclosed in its annual report published on Thursday. The intelligence agency found "clear rise in evidence" that Tehran has been working to acquire technical capabilities to enhance its nuclear weapons delivery systems.

Iran will never build nuclear weapons because Islam forbids such a move, Iranian Foreign Minister Javad Zarif said Tuesday. "It is us who, because of our religious views, will never pursue a nuclear weapon," Zarif remarked. The comments come as Iran speeds up its enrichment of uranium, bringing the Islamic Republic closer to building a nuclear bomb.

In recent weeks, Iran has escalated its confrontation with the United States as well as its malign activities in the Middle East. Earlier this month Iranian operatives attacked two tankers in the Gulf Oman.

President Donald Trump is continuing with his policy of "maximum pressure" on Iran, promising "major" sanctions on the regime. "We're putting additional sanctions on [Iran]," he told reporters before leaving for the Camp David. His administration was "moving rapidly" towards rolling out new sanctions, he added.

In a major shift, Germany has acknowledged Iran's involvement in the last week's attacks on two tankers in the Gulf of Oman. German Chancellor Angela Merkel declared that their was "strong evidence" that Tehran was responsible for the attacks on the tankers.

The British intelligence agency MI5 foiled a significant bomb plot linked to Iran-backed Hezbollah terror outfit, London-based Daily Telegraph disclosed. The British intelligence service and the Metropolitan Police uncovered a secret bomb factory in North West London in the autumn of 2015. They recovered thousands of packets containing ammonium nitrate, an explosive ingredient often used in homemade bombs.

The United States has sanctioned Iran's biggest oil company because of its links to the country's Islamic Revolutionary Guards (IRGC), a designated terrorist group. Tehran's Persian Gulf Petrochemical Industries Company (PGPIC) and its 39 subsidiaries have been providing "financial lifelines to the IRGC," the U.S. Treasury Department said.