Iran

A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of U.S. sanctions hit, but it will not be operational until early next year, three diplomats said.The mechanism, a so-called special purpose vehicle (SPV), is designed to …

An Italian appeal court has rejected a lawsuit by the U.S. that called for the seizure of $5 billion worth of Iranian assets in Italy, in a second win for Tehran in its legal battle against the U.S. this month, IFP news reported.

Gholamali Khoshroo, Iran’s ambassador to the UN, said on Tuesday the U.S. unilateralism is a “serious threat” to the world and suggested that a “swift” and “robust” reaction is needed by the international community to counter this policy.

The United Nation’s top court on Wednesday ordered the United States to lift sanctions on “humanitarian” goods to Iran that President Donald Trump reimposed after pulling out of the 2015 nuclear deal, The Daily Start reported.

Serica Energy said on Monday that the US Treasury had given temporary approval for certain US businesses to work on a British North Sea oil and gas field owned in part by Iran, which is targeted by US sanctions.

Majlis National Security and Foreign Policy Committee Chairman Heshmatollah Falahatpisheh said on Monday that Daesh would have reached the gates of Europe if it had not been for Iran’s fight against the group in Iraq and Syria. Falahatpisheh made the remarks as ambassadors from 27 European countries had a meeting …

Iranian Foreign Ministry spokesman Bahram Qassemi said on Monday that Iran’s missile attacks on IS terrorists in Syria will not cause any impediment to the process of the Astana talks.Contacts and consultations among Iran, Russia and Turkey within the framework of the Astana talks will continue, he said in a …

South Korea has stopped buying Iran’s oil, Iran’s Ministry of Petroleum confirmed on Sunday. “It is for three successive months that South Korea has not imported oil from Iran,” public relations of the ministry announced…Prior to the U.S. sanctions threat, Seoul imported 180,000 barrels per day of Iran’s crude oil, …

Following his meeting with Mike Pompeo, Moroccan Minister of Foreign Affairs Nasser Bourita met three US senators in Washington, D.C…The Moroccan official visited the US to discuss means to “end Iran’s support for terrorism and counter its malign influence in the region.”

The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year (March 21- August 22, 2018), director of Iran-Iraq Chamber of Commerce Yahya Al-e Es’haq told Mehr news agency in an interview published on Monday.