‘INSTEX Implemented Too Late, Can’t Secure Iran’s Interests’

An Iranian lawmaker says the INSTEX, the European financial mechanism aimed at keeping economic ties with Iran normal amid the US sanctions, does not meet Iran’s interests as it is being implemented too late.

EU Says Iran Trade Channel, INSTEX, Now Operational

Iran and other parties to the Joint Comprehensive Plan of Action have wrapped up a key meeting of the JCPOA by releasing a joint statement.

Iran’s Oil Exports on Rise Despite US Sanctions: Official

The Governor of the Central Bank of Iran says the Islamic Republic has successfully conquered the peak of resistance and the exports of Iran’s oil is on the rise despite the US bid to bring them down to zero.

‘Non-Oil Exports from Iran’s Chabahar Port Doubled’

An Iranian official says non-oil exports from the strategic Chabahar port in south-eastern Iran has grown by 100% in the first quarter of the current Iranian year compared to the same period last year.

Iranian Automaker May Use Peugeot Logo on Homegrown Car

CEO of Iran’s leading carmaker Iran Khodro (IKCO) has said his company feels free to use the logo of Peugeot on the 301 model, because the sedan has been fully manufactured inside Iran after the French automaker Peugeot violated its contract and left the country in the shadow of US sanctions.

Iran-China Banking Ties Facilitated: Official

The obstacles to banking transactions between Iran’s official companies and China have been removed, president of Iran-China Joint Chamber of Commerce announced.

Turkey Says Ready to Boost Business Ties with Iran

Turkish Foreign Minister Mevlüt Çavuşoğlu says his country is prepared to enhance its all-out relations with Iran in various political, economic, and cultural areas.

UK to Pay $1.6bn in Damages to Iran’s Bank Mellat

The UK government has reached an agreement with Bank Mellat to settle a $1.6-billion damages claim brought by the Iranian bank after 10 years of negotiations.
Zanganeh

Iran Proposes New Date for OPEC Meeting

Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would prefer July 10-12 if a new date is to be set for the gathering.

Iranian Minister in Geneva to Attend Int’l Labour Conference

Iranian Minister of Labour Mohammad Shariatmadari has left Tehran for the Swiss city of Geneva to attend the 108th session of the International Labour Conference.

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