EXCLUSIVE – China’s CCPC Takes Centre Stage in Iran, Venezuela Oil Trade-Sources
By Jonathan Saul, Chen Aizhu and Marianna Parraga
LONDON/SINGAPORE/MEXICO CITY, July 22 (Reuters) - A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it...
Iranian Cities Experience Frequent Power Cuts
By Kayhan Life Staff
Several Iranian cities have been experiencing frequent power cuts in recent days. Vast areas of the country have been without electricity and water, lasting a few hours every day and disrupting...
U.S. Treasury Removes Three Iranians from Sanctions List
By Kayhan Life Staff
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has removed three Iranians from its Specially Designated Nationals (SDN) list.
In September 2020, former U.S. President Donald Trump’s administration placed Behzad...
Iran Energy Workers Hold Wage Protests as Economy Hit by Economic Mismanagement, Sanctions
DUBAI, June 25 (Reuters) - Thousands of workers in Iran's energy sector have held protests for better wages and working conditions in southern gas fields and some refineries in big cities, according to Iranian news agencies...
Iran Showed a Negative Balance of Trade for Non-oil Products in 2020
By Kayhan Life Staff
According to a recent report by the Islamic Republic of Iran Central Bank, the country exported and imported $34.998 billion and $38.893 billion worth of goods last year, showing a negative...
Iran Bans Cryptocurrency Mining for 4 Months Amid Power Cuts
DUBAI, May 26 (Reuters) - Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly 4 months, President Hassan Rouhani said on Wednesday, as the country faces major power blackouts in many cities.
"The...
U.S. Sanctions Should Not Stop EU Business with Iran, EU Court Adviser Says
By Robin Emmott
BRUSSELS, May 12 (Reuters) - A legal adviser to the European Union's top court said on Wednesday that a German company was wrong to terminate its contract with an Iranian bank if its...
The Ebb and Flow of Sanctions on Iranian Oil
By Bozorgmehr Sharafedin and Shadia Nasralla
LONDON, April 22 (Reuters) - In 2015, Iran reached a historic deal with six world powers to trade curbs on its nuclear programme for sanctions relief, including on oil. But in...
COVID-19 Halted Riots Over Poverty and Living Conditions in Iran, Official Says
By Kayhan Life Staff
Ahmad Tavakoli, a member of the Expediency Council, has said that 60 percent of Iranians live under the poverty line, and that 72 percent of the population is entitled to financial...
U.S. Charges New York Cosmetics Executive with Iran Sanctions Violations
WASHINGTON, April 6 (Reuters) - U.S. prosecutors said on Tuesday they charged the president of a New York cosmetics company for his alleged involvement in a conspiracy to violate U.S. economic sanctions on Iran.
Michael Rose,...
