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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 exports to the EU rise despite US threats

Iran exports to the EU rise despite US threats

Average non-oil exports from Iran destined for European countries have grown 112.9 percent in weight and 26.33 percent in value in the first half of the current year as compared to a similar period last year despite warning by the US to reduce trade with Iran.

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Iran proposes joint bank to Turkey

Iran proposes joint bank to Turkey

The Secretary General of Turkey-Iran Business Council has announced the possible opening of a joint bank for the two countries in order to increase and facilitate their trade volume. He said a strategic roadmap has been developed for mutual economic ventures.

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UK Ambassador underlines trade ties with Iran

UK Ambassador underlines trade ties with Iran

The UK Ambassador to Tehran has said: “As an ambassador of a European country, I am committed to doing business with Iran within the framework of the JCPOA, adding: “The EU is setting up a banking system to solve trade ties with Iran.”

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Irretrievable damage of Iran oil sales to India for rupees

Irretrievable damage of Iran oil sales to India for rupees

An expert of the Indian Subcontinent in Tehran believes: “Iran has no option but to suffer the damages of barter trade for the sale of its oil to India against commodities or rupees. This is a temporary solution to cross the hurdle of new sanctions which will incur heavy losses on the country.”

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Oil climbs as market conditions get tighter

Oil climbs as market conditions get tighter

Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.

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No financing for Russia-Iran wheat deal

No financing for Russia-Iran wheat deal

Plans for a deal under which Russia and Kazakhstan are to supply wheat to Iran have stalled as “no progress” has been made in its financing, the secretary general of the Iran Federation of Food Industry Associations said. Talks on the deal began six months ago. It would see Russia and Kazakhstan supplying wheat to Iranian flour millers, who in turn would supply flour to Iraq — a market dominated by Turkey.

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EU idea for 'independent SWIFT' for Iran deal

EU idea for 'independent SWIFT' for Iran deal

The European Union views German Foreign Minister Heiko Maas’ idea of creating a European equivalent of the SWIFT payment system as a contribution to the efforts to preserve the Iran nuclear deal following the United States' withdrawal, an EU source told Sputnik on Wednesday.

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US plans new ways of weakening Iran

US plans new ways of weakening Iran

Krishnadev Calamur writes in The Atlantic that sixty-five years ago this week, a CIA-backed coup toppled Mohammad Mosaddegh, Iran’s democratically elected prime minister. The goal of the coup was to strengthen the hand of the West’s ally Shah Mohammad Reza Pahlavi. On Thursday, U.S. Secretary of State Mike Pompeo announced the creation of a new Iran Action Group to coordinate U.S. policy toward the Islamic Republic in the wake of the U.S. withdrawal from the nuclear accord with Iran.

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