EU Firms Can Scrap Iran Deals if U.S. Sanctions’ Costs Too High, EU Top...
Dec 21 (Reuters) - European companies can end contracts with Iranian firms pressured by U.S. sanctions if upholding the deals would lead to "disproportionate economic loss," the EU's top court said on Tuesday.
The judgment...
Iran Currency Falls as Nuclear Talks Seem to Hit Roadblock
DUBAI, Dec 4 (Reuters) - The Iranian rial currency dipped on Saturday but remained above historic lows after news that talks with world powers to revive the 2015 Iran nuclear accord may have run into difficulties.
Indirect U.S.-Iranian...
Iran’s Exports of Handmade Persian Carpets Are Plummeting, Reports Show
By Kayhan Life Staff
Data shows that Iran’s share of the international handmade rug market share dropped to only 9 percent in 2019. While the export of Persian carpets has been shrinking steadily in recent...
ANALYSIS: Iran’s Economic Crisis Is Set to Worsen
By Roshanak Astaraki
Iran is experiencing the most severe economic crisis in 100 years, with ordinary Iranians and wage-earners bearing the brunt of the hardship. The Islamic Republic’s 13th government, headed by President Ebrahim Raisi,...
ANALYSIS: The Iranian Economy Is On the Brink of Collapse
By Kayhan Life Staff
Iran has seen an unprecedented acceleration in its inflation rate over the last few weeks. Economists attribute this rise to the depletion of the government’s foreign exchange reserves, the high rate...
German Finance Regulator Bans Bank Melli Iran From Issuing Loans
BERLIN, Oct 8 (Reuters) - German finance regulator BaFin said on Friday it had banned a Hamburg-based branch of Bank Melli Iran from issuing loans, citing infringement of transparency rules.
"BaFin had identified contraventions of the requirements...
EXCLUSIVE- Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal – Sources
By Deisy Buitrago, Marianna Parraga and Matt Spetalnick
CARACAS/HOUSTON/WASHINGTON, Sept 25 (Reuters) - Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality...
Iran’s Petrochemical, Fuel Sales Boom as Sanctions Hit Crude Exports
By Bozorgmehr Sharafedin and Florence Tan
LONDON/SINGAPORE, Sept 17 (Reuters) - Iranian fuel and petrochemical exports have boomed in recent years despite stringent U.S. sanctions, leaving Iran well placed to expand sales swiftly in Asia and Europe if...
EXCLUSIVE: Kayhan Life Interviews Iran’s Striking Oil Workers
By Roshanak Astaraki
A nationwide strike by Iranian oil workers on fixed-term contracts -- which started a day after the June 18 Iranian presidential elections and spread to 114 oil, gas, and petrochemical companies --...
Iran Urges Japan to Release Billions in Blocked Funds amid U.S. Sanctions
DUBAI, Aug 22 (Reuters) - Iran's President Ebrahim Raisi called on Japan to release Iranian funds frozen in the country because of U.S. sanctions, Iranian state TV reported after the president met on Sunday...
