Iran and the US resumed indirect nuclear talks on Monday in Muscat under Omani mediation, marking the first round of diplomacy in nearly eight months.

Tehran, Iran -- Iranian President Masoud Pezeshkian on Tuesday proposed that Iran and its regional trading partners establish a shared currency to boost commerce amid crippling Western sanctions. Years of international sanctions, largely imposed by the United States over Tehran's nuclear programme, have severely weakened Iran's economy. The latest measures...

Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported Saturday, in a rare move in the country grappling with international sanctions.

The international benchmark contract, Brent North Sea crude, jumped 4.8 percent while West Texas Intermediate was up 5.1 percent. Trump on Wednesday announced new sanctions against Russia's two largest oil companies, Rosneft and Lukoil.

Tehran, Iran -- As United Nations sanctions returned in full force on Sunday, Iranians felt the strain deepen, with prices soaring and the rial sinking to new lows. For Helia, a 33-year-old graphic designer in Tehran, the impact was already visible: the price tag on the furniture for her new...

The sanctions, three months after Israel and the United States bombed Iran, bar dealings related to Tehran's nuclear and ballistic missiles program and are also expected to have wider effects on its troubled economy.

China and Russia at a Security Council session on Friday put forward a draft resolution, seen by AFP, that would give another half year for talks, or until April 18, 2026.

The EU chief said Wednesday in her keynote annual address to the European Parliament that she would propose those steps -- putting the ball in the court of the bloc's member states. But it will be very difficult to get the measures through given deep divisions between the European Union's...

Iran will accept limits on its nuclear programme and restrictions to uranium enrichment if international sanctions are lifted, its foreign minister said in a piece in The Guardian on Sunday.

Top European diplomats told their Iranian counterpart on Thursday they were determined to reactivate UN sanctions if Tehran does not make progress on a nuclear deal, France's foreign ministry said.

The measures range from suspending the entire accord or curbing trade ties to sanctioning Israeli ministers, imposing an arms embargo and halting visa-free travel.

President Donald Trump on Sunday said Washington would send Patriot air defense systems to Kyiv and hinted at new sanctions on Russia, once again voicing displeasure with Russian leader Vladimir Putin

The Islamic State (IS) group on Thursday claimed its first attack on Syria's new government forces since the fall of longtime Syrian president Bashar al-Assad, two war monitors said.

The move was formalised Friday after being announced by Trump on a Gulf tour this month during which he shook hands with Syria's interim President Ahmed al-Sharaa

The leaders of pro-Iran Palestinian factions close to former ruler Bashar al-Assad have left Syria under pressure from the new authorities, Palestinian sources said Friday, a key US demand for lifting sanctions.

The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite new nuclear talks between the adversaries.

Iran is set to meet with Britain, France and Germany for talks on its nuclear program on Friday after the three governments joined with the United States to have Tehran censured by the UN atomic watchdog.

The Iraqi census is scheduled for Wednesday and Thursday, and will provide sorely needed up-to-date demographic data for the country which has an estimated population of around 44 million

ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its support for Russia's war on Ukraine.

Brussels, Belgium -- The European Union on Monday announced sanctions on five Israelis -- including those termed "extremist settlers" -- and three organizations for abuses against Palestinians in the West Bank and blocking humanitarian aid to Gaza. The asset freezes and visa bans are the second round of sanctions from the...

Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of this year, primarily to China, data from Vortexa reveals. This marks the highest export level since the third quarter of 2018. The success in oil exports highlights the challenges faced...

The United States announced Tuesday that it was preparing new sanctions on Iran's missile and drone program after last weekend’s attack on Israel, and the EU's foreign policy chief signaled the bloc would levy new punitive measures as well. Iran has characterized its attack on Israel as an act of...

Washington, US--The US Treasury Department pushed back on Friday against claims it had eased sanctions against West Bank settlers after pressure from Israel's finance minister. The US recently sanctioned seven Israeli settlers and two farming outposts in the West Bank in response to a surge in violence, freezing their assets...

With dollars dominating the country's economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically. At the end of 2022 the country's bankings sector also adopted the international financial messaging system known as SWIFT as part of the reforms, to help tackle money laundering and...

The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields. The deals have been labelled as Iran's "biggest oil contracts in the past decade" that are aimed to add 350,000 barrels per day to the Islamic republic's daily production.

Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions. In a ceremony broadcast on state TV, the oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields.

US Treasury sanctioned a number of alleged ISC subsidiaries and front companies based in Turkey and the United Arab Emirates, and three individuals allegedly linked to them including Pouria Mirdamadi, a French-Iranian dual national. "The United States will continue to use all available means to disrupt the Iranian regime's illicit...

Washington, US - The United States sanctioned three Israeli settlers and two farming outposts on Thursday, accusing them of being involved in "undermining stability in the West Bank." The move marks the second time this year that Washington has sanctioned Israeli settlers, as it looks to respond to the rise in...

Tehran, Iran - Iran on Monday announced a turnout of 41 percent in last week's elections for parliament and a key clerical body -- a record low since the 1979 Islamic Revolution, according to voting records. Conservatives were reported to have secured the bulk of seats in Friday's elections for the...

In a statement after the meeting, which Ukrainian President Volodymyr Zelensky also attended, the leaders vowed to "raise the cost" of Russia's war on Ukraine. The G7 leaders didn't make any public statement about further military aid to Ukraine, but urged "the approval of additional support to close Ukraine's remaining...

With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market, where the dollar currently goes for around 1,200 Sudanese pounds. To make matters worse, a communications blackout since early February has hampered online transactions -- which Sudanese relied on to...

Washington, United States -- The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab Emirates and others, aiming to disrupt Moscow's military procurement networks amid its war in Ukraine. The latest actions take aim at people and entities accused of supplying Russia’s industry and...

DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it to continue violating international laws. Addressing a session within the Doha Forum 2023 on Sunday, Shtayyeh called for an “urgent investigation into its crimes against the Palestinian people”. “What is...

Due to US sanctions against Iran, Baghdad cannot pay Tehran directly for its gas. Baghdad's unpaid bills to Tehran for past gas imports amount to some $10 billion, according to the senior official.

"Nations must take action to establish measures for detecting the physical cross-border movement of currency and negotiable instruments to combat smuggling," adds Al Jabrin, stressing the need for imposing proper, deterring penalties on individuals who falsify declarations and disclosures.

The US tightening sanctions on Iranian oil could have a negative impact on individual and institutional investment portfolios by disrupting the energy sector, contributing to inflationary pressures, and intensifying geopolitical risks. You need to be aware of the risks – but also the opportunities, he adds.

Tehran, Iran--Iran has exported 27.7 million tons of goods worth $9.1 billion to BRICS member countries from March 21-August 21, 2023). In the first five months of this year of 1402 in the Iranian calendar nearly 37 million tons of goods worth $25.1 billion were exchanged between Iran and current...

After having forecast a contraction earlier this year in Russia's economy, the European Bank for Reconstruction and Development is now expecting the country's economy to grow in 2023 thanks to rising oil prices. The bank said in May it expected Western sanctions against Russia"to be more effective in constraining the...

Washington last week slapped sanctions on "seven individuals and four entities" based in Iran, China, Russia and Turkey it said had facilitated shipments and financial transactions involving Tehran's military hardware program. The United States accuses Iran of supplying Russia with drones, which have become a major feature of Moscow's war...

General Abdel Fattah al-Burhan, the de facto ruler of Sudan since a 2021 coup, alluded to the rival Rapid Support Forces' ties with Wagner, the Russian mercenary group hit by Western sanctions over alleged abuses in Africa. "The danger of this war is now a threat to regional and international...

MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on Wednesday. “We are determined to implement the entire set of our planned activities despite opposition from the US and its Western allies,” Shoigu said during talks with Iranian Defense Minister...

Slamming the new sanctions imposed by the Western countries on the Islamic republic, Iran's foreign ministry spokesman Nasser Kanani termed them as "illegal and undiplomatic actions." The US, Britain and the EU announced new sanctions against many entities on the eve of the first anniversary of Mahsa Amini's death in...

Moscow, Russia--Vladimir Putin and Kim Jong Un discussed the possibility of sending a North Korean into space, Russian news agencies quoted Putin's spokesman as saying. President Putin and the North Korean leader held talks on Wednesday at a spaceport in Russia's far east. "We talked about the fact that if the...

President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine and other humanitarian goods. Iran had generated the $6 billion in question by selling its oil to South Korea, a close US ally, which froze the funds after the US...

Tehran, Iran--Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to the Islamic Republic of Iran, the bank announced on Thursday. The service is available to both individuals and businesses using their Sber accounts, according to the bank.   “The money transfer service...

Moscow, Russia -- Moscow considers threats by European Union High Representative for Foreign Affairs and Security Policy Josep Borrell to take medical supplies away from the Russian people as inadmissible and neo-Nazist, Russian Foreign Ministry Spokeswoman Maria Zakharova said at a briefing. "EU restrictions are above all an instrument of...

TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of the current Persian calendar year (March 21 to July 22), the director general of the Trade Promotion Organization of Iran (TPOI) for West Asia said. The administration of President Ebrahim...

Moscow, Russia -- One fourth of all investors in state securities have been forced to leave the Russian market due to sanctions, Russia's Finance Minister Anton Siluanov said at a meeting of the Council for strategic development and national projects headed by President Vladimir Putin. "We see that a considerable...

BUDAPEST, HUNGARY – Hungarian Prime Minister Viktor Orban said that companies from his country plan to expand their activities in Russia despite sanctions and political difficulties. Orban made the statement at a meeting with the head of Russia’s Tatarstan region Rustam Minnikhanov in Budapest, TASS news agency reported. "It has...

Seen as a key culprit in the country's dramatic economic crash, former governor Riad Salameh's bank accounts were ordered to be frozen by Lebanon days after the the US, the UK and Canada slapped him with sanctions. The central bank has ordered the lifting of banking secrecy and the freezing...