Iran, Afghanistan, and India believe the Chabahar port in south-east of Iran, which is being developed by Indian investors, will play a vital role in the future economy of region, particularly in that of the crisis-hit Afghanistan.
The next round of economic sanctions on Iran, which will start going into effect on Nov. 4, will mainly target the country’s oil and gas industries. These sanctions were eased after the 2015 signing of the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal, but are being phased back in following President Donald Trump’s decision to withdraw from the accord six months ago.
Iran’s President Hassan Rouhani has urged the country’s trade partners to think twice before fearing the US sanctions, saying Washington’s pressures are temporary while Tehran’s relations with its trade partners are permanent.
Iran’s Foreign Ministry Spokesman Bahram Qassemi says the United States seeks to launch a war of nerves against Iranians through economic pressure.
Iran has started supplying its crude oil to the private sector through its energy bourse, a local market which provides Iranian and foreign tradesmen with a chance to purchase Iran’s crude oil and export it to the international markets.
Iran’s ambassador to the United Kingdom has, in a tweet, taken a jab at his American counterpart for his efforts to dissuade British companies from doing business with Tehran.
An IRGC unit in charge of the body’s economic operations announced on Wednesday it has left Iran’s telecommunications industry, after selling its share in a consortium controlling Iran’s top telecoms companies and biggest mobile phone operator.
The Iranian capital Tehran on Sunday hosted a national conference called “New Methods for Advancing Economic Diplomacy with Emphasis on Development Cooperation”.
The Austrian ambassador to Tehran says the European companies’ withdrawal from Iran over the US sanctions was temporary, and they are returning to the country under new names
The Iranian government has officially exempted all schools from paying water, power, and gas bills in a bid to decrease the money parents are required to pay in order to enroll their children.