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Iran to sanction 15 US companies for Israel ties

TEHRAN: Iran said Sunday it will impose sanctions on 15 US companies for supporting Israel's "terrorist actions" as part of reprisals for the increasing pressure being announced by Washington lawmakers. The decision, which is largely symbolic since the firms do not do business with Iran, come two days after the US announced new sanctions against groups and individuals that it accuses of collaborating with Iran's weapons programme. The sanctions target firms that provide arms and equipment to Israel "for use against the…

Iran signs $16.6 billion deal for 80 Boeing planes: IRNA

TEHRAN: IranAir said it signed a deal on Sunday to buy 80 passenger planes from US aircraft maker Boeing, state news agency IRNA reported, in the biggest U.S.-Iran deal since the 1979 Islamic revolution. The agency quoted Farhad Parvaresh, the chairman of Iran's flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft and 30 777 planes. Boeing said in June it had signed a tentative agreement to sell 100 jets to IranAir after Iranian statements about the deal. IRNA said that Fletcher Barkdull, a…

Iran says US extension of sanctions act violates nuclear deal

TEHRAN: Iran said on Friday the US Senate's vote to extend the Iran Sanctions Act (ISA) for 10 years violated the 2015 deal with six major powers that curbed its nuclear programme and threatened to retaliate. The ISA was first adopted in 1996 to punish investments in Iran's energy industry and deter its pursuit of nuclear weapons. The extension was passed unanimously on Thursday. US officials said the ISA's renewal would not violate the nuclear agreement between Tehran and six major powers, under which Iran curbed its…