Featured Iran

US considering new sanctions on Iranian oil sales to China: WSJ

The United States is weighing new sanctions on Iran’s oil sales to China as a way to pressure Tehran to commit to a nuclear deal, sources familiar with the matter told The Wall Street Journal (WSJ) on Monday. US negotiators continue to work with European and international partners in Vienna,… Read More

Shipping industry seeks to combat dark oil transfers at sea

Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them. Washington has ramped up shipping-related sanctions over the last two years to make it harder… Read More

Iran takes steps to make enriched uranium metal; U.S., Europe powers dismayed

Iran has begun the process of producing enriched uranium metal, the U.N. atomic watchdog said on Tuesday, a move that could help it develop a nuclear weapon and that three European powers said threatened talks to revive the 2015 Iran nuclear deal. Iran’s steps, which were disclosed by the International… Read More
6th July 2021
Iran’s Oil Minister Bijan Namdar Zanganeh said his country has taken “many measures” to ensure it can raise crude production in “a very short time” if U.S. sanctions are lifted, the state-run Shana news agency reported. World powers have worked for months trying to broker an agreement between Iran and… Read More
28th June 2021
The Biden administration is considering lifting sanctions on Iran’s supreme leader as part of negotiations aimed at reviving the 2015 nuclear deal, a former U.S. official and two people familiar with the matter told NBC News. U.S. and Iranian negotiators have discussed the possible move in indirect talks in Vienna,… Read More
22nd June 2021
A multinational oil firm which was led by a major Conservative donor has been under investigation for allegedly paying million-pound bribes to secure contracts in nine countries. The anti-corruption agency the Serious Fraud Office (SFO) has been examining allegedly suspicious payments made by the UK-based firm… Read More
21st June 2021
World powers meet Sunday in Vienna in their first attempt to revive a nuclear deal with Iran following the Islamic Republic’s election of a new hardline president. While Ebrahim Raisi’s win is not expected to derail efforts to return the U.S. to the accord, the change in administration in Tehran… Read More
15th June 2021
Huawei Chief Financial Officer Meng Wanzhou on Monday will seek to bar publication of documents her legal team received from HSBC, a request opposed by Canadian prosecutors in her U.S. extradition case who say it violates the principles of open court. Meng’s legal team will present arguments in support of… Read More
11th June 2021
The Biden administration on Thursday lifted sanctions on three former Iranian government officials and two Iranian companies involved in the country’s oil industry, a conciliatory gesture days before a potentially decisive round of nuclear talks in Vienna. The administration cautioned against reading too much into the move. Ned Price, the… Read More
11th June 2021
In a speech seen as an act of defiance against the Lebanese state and the US, Hezbollah leader Hassan Nasrallah on Wednesday insisted that Lebanon should be “negotiating with Iran to buy gasoline and diesel with the Lebanese currency if Lebanon’s shortages persist.” Seemingly unconcerned about the possibility that this… Read More
9th June 2021
Secretary of State Antony Blinken said Tuesday that “hundreds” of US sanctions will remain on Iran even if the United States rejoins a nuclear accord. President Joe Biden’s administration has been engaged in indirect talks with Iran about reversing former president Donald Trump’s exit from the 2015 nuclear accord, formally… Read More
4th June 2021
By Darya Dolzikova and Tom Keatinge, RUSI, 2 June 2021 RUSI — The Iranian nuclear deal (formally known as the Joint Comprehensive Plan of Action or the JCPOA) has been in tatters since the administration of Donald Trump withdrew in May 2018, triggering a reimposition of… Read More
28th May 2021
By Kayla Izenman, RUSI, 26 May 2021 RUSI — Almost every day it seems a new form of digital money emerges, often touted as the next hot idea. But with so many governments indicating interest in these developments, central bank digital currencies (CBDCs) might actually be… Read More