U.S. Sanctions 14 Iraqi Banks in Crackdown on Iran Dollar Trade- WSJ
WASHINGTON/BAGHDAD, July 19 (Reuters) - The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. officials.
The ban, which was imposed by the Treasury Department and...
China Pulls Out of Oil Deal with Iran
By Kayhan Life Staff
China Petroleum and Chemical Corporation (Sinopec) has pulled out of the Yadavaran Oil Field project in the southwestern province of Khuzestan, according to Hamid Hosseini, the director of the Iranian Oil,...
Iran’s Parliament Proposes Bill Exempting Luxury Homes From Property Tax
By Kayhan Life Staff
The Majlis (Iranian Parliament) passed a proposed bill on Feb. 26 exempting owners of luxury homes valued higher than $353,000 (based on the current exchange rate of 56,700 tomans to a...
OPEC Oil Output Rises in August as Iran Hits 2018 High – Survey
By Alex Lawler
LONDON, Aug 31 (Reuters) - OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite ongoing cuts by Saudi Arabia and other members...
Iranian Oil Exports End 2022 at a High, Despite No Nuclear Deal
By Alex Lawler, Bozorgmehr Sharafedin and Chen Aizhu
LONDON, Jan 15 (Reuters) - Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions,...
Tehran Says It Foiled Cyberattack on Central Bank
Jan 6 (Reuters) - Iran has foiled a cyberattack on its central bank, the country's telecommunications infrastructure company said on Friday.
Anonymous and other global hacking groups threatened in October to launch cyberattacks on Iranian institutions and...
Iranians Face Severely Cold Weather, Shortages of Gas and Electricity
By Kayhan Life Staff
Many Iranian households are currently facing shortages of energy, including gas and electricity, despite freezing temperatures. There has been a disruption in the distribution and delivery of refillable gas cylinders and...
Russia Strengthens Its Banking Presence in Iran
May 17 (Reuters) - Russia's second-largest bank VTB VTBR.MM has opened a representative office in Iran, an Iranian official said on Wednesday, as Moscow and Tehran, both restrained by Western sanctions, seek to improve trade and transaction capabilities.
State-owned...
Iraq Says Iran Blames Reduced Gas Exports on ‘Technical’ Matter
BAGHDAD, May 26 (Reuters) - Iran's foreign minister told his Iraqi counterpart on Friday that a reduction in gas exports to Iraq was a technical matter and Tehran had not decided on any cuts, an Iraqi foreign ministry...
Iraq to Trade Crude Oil for Iranian Gas To Settle Power Debt -PM
July 11 (Reuters) - Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for U.S. approval, Iraqi Prime Minister Mohammed Shia Sudani said...
