Russia, Turkey & Iran speeding up efforts to drop US dollar from trade In response to US sanctions, Russia, Turkey and Iran are negotiating the reduction of the US dollar’s share in mutual trade, Tehran Times daily quotes the country’s central bank governor as saying. Eliminating the greenback in mutual trade was most recently discussed […]
India’s Commerce and Industry Minister Suresh Prabhu on Friday proposed to double trade with Iran in the next five years from the current level of $13.8 billion, an Indian official said. The official also said Prabhu’s scheduled visit to Tehran on October 2 has been postponed for some reasons. He was to attend the ministerial […]
Iran officials discuss boost of trade ties with Azerbaijani entrepreneurs Iranian officials and Azerbaijani entrepreneurs held talks in Tehran to explore ways for enhanced trade ties between the two nations. Members of Iran-Azerbaijan Joint Chamber of Commerce held a specialized meeting in the Iranian capital on Friday and discussed ways to remove obstacles in a […]
Iranian Oil Exports To China Hit 874,000 Bpd In August China imported Iranian crude at an average daily rate of 874,000 barrels last month, S&P Global Platts data shows, and, according to the agency, these will start declining now, with the August number representing the peak. Loading data for delivery this month suggests that China imports of […]
The presidents of Iran and Turkey on Friday called for further promotion of business ties between the two neighboring states in a bid to counter the effect of unilateral sanctions imposed by Washington on Tehran and Ankara. “Iran and Turkey must further boost their economic relations to counter US sanctions,” President Hassan Rouhani said in […]
Pakistan takes side with Iran over nuclear deal Iranian Minister for Foreign Affairs Javad Zarif met FM Shah Mahmood Qureshi on Friday, where the Pakistan’s FM reiterated that the country stood with Iran in face of US sanctions amid US President Donald Trump’s withdrawal from nuclear deal. Zarif who is on a two-day visit to Pakistan was […]
Govt allows state refiners to use Iran tankers, insurance for oil imports, say sources NEW DELHI, SEPT 3 India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India (SCI) halted voyages to Iran due to US sanctions, sources said. […]
UK minister visits Iran: Tehran wants Europe to act on nuclear deal A British junior minister held talks in Iran on Saturday as Tehran said European states should take action if they wanted to save Iran’s nuclear deal following Washington’s withdrawal from the accord, Iranian state media reported. “It is time for the Europeans to act […]
Deputy Head of Iran’s Ports and Maritime Organization (PMO) for Maritime Affairs Hadi Haqshenas announced on Saturday that Qatari officials have intend to increase maritime shipping lines between the two countries. “The Qataris who supplied their goods through Saudi Arabia and the UAE before (the siege and) sanctions have now requested increased maritime shipping between […]