Iran plans to open an offshore bank in the southern island of Kish “within a month” in a bid to facilitate its trade transactions and process international payments, a report said.
The 40th flotilla of Iran's Navy returned home on Wednesday Jun 1 after its 55-day mission to remote waters.
Iranian Foreign Ministry Spokesman Hossein Jaberi Ansari expressed deep sorrow over the extension of the jail term of Bahraini opposition leader, Sheikh Ali Salman, saying that Al Khalifa cannot resolve the Persian Gulf country’s protracted problems by such moves.
Iranian Foreign Minister Mohammad Javad Zarif, who is in Finland on the second leg of his European tour, said the Helsinki Policy Forum is an opportunity to examine the possibility of holding regional dialogue among Persian Gulf states.
First Vice President Eshaq Jahangiri ordered administrative agencies to enhance ties with Indian Ocean littoral states on Saturday May 28.
Based on an extradition treaty, 47 Iranian prisoners in the Persian Gulf state of Kuwait returned home to serve the rest of their sentences in Iran.
The Islamic Revolutionary Guards Corps (IRGC) has researched the technology necessary for mass-producing a new type of naval boat with a cruising speed of 80 knots, a senior commander announced.
A petroleum activist says that the implementation of the Joint Comprehensive Plan of Action (JCPOA) paves the way for investments in a ban-free Iran. Omani Minster of Oil and Gas Muhammad bin Hamad al-Rumhi says Iran and Oman are to join efforts in addressing falling prices in the oil market.
Lieutenant Commander of the Islamic Revolution Guards Corps (IRGC) Brigadier General Hossein Salami denounced the US as the cause of instability and tension in the region, saying Iran will boost its naval power to confront its only enemy in the region, namely the US.
Iranian Navy Commander Rear Admiral Habibollah Sayyari announced that his forces will stage 20 specialized military drills in the current Iranian year, which started on March 20.