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Non-oil exports of Iran increase by 13%

Non-oil exports of Iran increase by 13%

Iranian customs has announced that non-oil exports have amounted to USD 27BN and 229MM in the first seven months of the Iranian solar calendar beginning in March. Iraq is Iran’s top customer with USD 5BN and 730MM worth of imported goods.

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Why is Iran no 1 importer of US soya beans?

Why is Iran no 1 importer of US soya beans?

A former high-ranking Iranian diplomat believes: “An increase in Iranian soya bean imports from the US must be welcomed and taken as a good omen. This seems to be a coordination between US federal agencies and a rational consensus which we hope will spread to other items required by both countries.”

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Iraq the first destination for Iranian exports

Iraq the first destination for Iranian exports

According to the Iran-Iraq Chamber of Commerce Secretary General, Iranian exports to Iraq increased by 45 percent in the first six months of the current year. If this trend continues, this country will become the first destination of Iranian exports.

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Iran Foreign Ministry to facilitate drug imports

Iran Foreign Ministry to facilitate drug imports

US sanctions against Iran are now affecting the sick here. Whilst Donald Trump and other US officials claim that American sanctions are not against the Iranian people, drug imports to this country are facing hurdles.

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India likely to contine oil imports from Iran

India likely to contine oil imports from Iran

The Economic Times writes that India will likely tell the US that it won’t be able to cut oil imports from Iran after sanctions take effect early November and hopes to “sensitise’’ Washington to the issues faced by the country in this regard, while making it clear that no nation can dictate how its external policy can be run.

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Oil price war is reignited

Oil price war is reignited

Tsvetana AParaskova writes in Oil Price that the rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil.

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Sanctions and buyers of Iran's oil market

Sanctions and buyers of Iran's oil market

In three months’ time, U.S. sanctions on Iran are due to enter into force that could drive the Persian Gulf  nation’s exports down toward zero and upend the global oil market. There are already signs that it will be harder for the country to export, as some international insurers stop covering shipments.

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Currency rescue for Iran's rial?

Currency rescue for Iran's rial?

Golnar Motealli reports that Iran plans to implement a new financial rescue package on Monday to try and halt the rial’s decline, coinciding with the re-imposition of severe U.S. sanctions on the oil-rich state’s economy after President Donald Trump pulled out of the Iran nuclear deal.

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