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US sanctions on Iran

Iran, India move closer on trade as EU stalls

Iran will boost trade with India as the European Union struggles to find a way to circumvent a fresh US embargo on Tehran, Iranian Foreign Minister Javad Zarif said on Tuesday. Brussels is working on a payment mechanism to keep financial transactions flowing with Iran, after the US ditched the 2015 nuclear deal with Tehran earlier this year and reintroduced a raft of sanctions on the country. But Zarif told reporters in New Delhi that the EU's delay in implementing the system meant Iran would look elsewhere.…

China to continue Iran trade despite new US sanctions

China denounced new United States sanctions targeting Iran's oil and financial sectors as "long-arm jurisdiction" on Monday and vowed to continue its bilateral trade with the Islamic republic. The measures, which took effect on Monday, follow US President Donald Trump's decision to abandon a multi-nation nuclear deal with Tehran, which he said was flawed and does not adequately constrain Iran's destabilising behaviour in the Middle East. The sanctions aim to significantly cut Iran's oil exports — which have already…

Iran will ‘proudly bypass’ US sanctions: Rouhani

TEHRAN: Iran´s President Hassan Rouhani said the Islamic republic "will proudly bypass sanctions" by the United States that took effect on Monday targeting the country´s oil and financial sectors. "I announce that we will proudly bypass your illegal, unjust sanctions because it´s against international regulations," Rouhani said in a televised speech. "We are in a situation of economic war, confronting a bullying power. I don´t think that in the history of America, someone has entered the White House who is so against…