The end on Thursday of US sanctions waivers for purchases of Iranian oil is likely to hit India's economy hard, increasing fuel costs and quickening inflation, analysts say.
Foreign companies can choose to receive crude oil instead of hard currencies for the goods they sell to Iran, the CEO of Iranian National Oil Company said on Wednesday, May 1.
U.S. President Donald Trump's unexpected decision to ban all Iranian oil purchases after May 1 - ending exemptions for eight nations - came after hawkish economic and security advisors allayed the president's fears of an oil price hike.
The Islamic Republic President Hassan Rouhani accused Washington on, April 30, of indirectly pressuring working class people of Iran through "illegal and pitiless sanctions."
Iran on April 29 announced the establishment of a company designed to match a mechanism European countries have set up to facilitate trade despite U.S. sanctions.
Iran could fulfill only 63% of its non-oil export target during its last fiscal year, Trade Promoting Organisation of Iran (TPO) announced.
A war of words has erupted again between the United States and Iran over the Strait of Hormuz. But it would be in no country’s interest to see trade disrupted in this vital international waterway.
Speaking to the Al Jazeera TV network, Iranian dissident and Nobel Peace Prize laureate Shirin Ebadi has described Iran as "incorrigible," insisting that the only way toward reform in her homeland is through changing its constitution.
Iran’s Supreme Leader on Sunday told law enforcement officials to deal with gun trade on social media, after a cleric was killed by a gunman the previous day.
The "authority" given to Iran's Foreign Minister Mohammad Javad Zarif to discuss a prisoners swap with the United States may be an attempt by Tehran to show some “flexibility”.
Iranian police are using text messaging to warn female drivers and passengers who take off their hijab (scarves) or ignore the Islamic dress code while driving or riding in cars.
Recent floods in Iran have killed dozens and displaced possibly millions of Iranians. Instead of helping them, most of the Islamic Republic’s time and energy has gone into sending foreign Hashd al Shaabi and Hezbollah fighters into Khuzestan.
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