07202018Fri

Iran: Will EU shield against U.S. sanctions hold up?

Iran Focus

London, 18 July - The European Union has been trying to take a number of steps to ensure that European companies stop pulling out of business deals with Iran.

When U.S. President Donald Trump announced that sanctions on Iran would effect all those that do business with Iran, many companies started to wind down business and pull out of trading with the country altogether. Many EU companies have decided that remaining in Iran is not worth the risk of getting entangled in sanctions and potentially losing access to the U.S. financial system.

Iran Protests

Iran Focus

London, 17 July - Ever since U.S. President Donald Trump announced that Iran would once again face the sanctions that were lifted when the 2015 nuclear deal was signed, officials in the country have tried to downplay the impact that they will have. Several officials have publicly said that sanctions are nothing more than a minor inconvenience and other officials have said that Iran is perfectly capable of adapting to sanctions and finding ways around them, as it has done in the past.

However, the Health Minister of Iran, Hassan Ghazizadeh, said at the weekend that the impact will not be quite as easy to deal with as some officials are making out. The Health Minister is a very outspoken official that is not a fan of President Hassan Rouhani. He said that the upcoming sanctions are a “storm” that will “rattle our lives” and said that there is no point in pretending that it is not the case.

Sanctions on Iran Are Working

Iran Focus

London, 28 Jun - Donald Trump’s decision to pull the United States out of the fatally flawed nuclear deal with Iran has been met with hysteria from the mainstream media and European politicians, but this should not be surprising. The media dislikes Trump and Europe is making millions from trade with Iran.

This deal, which was never ratified as a treaty by the Senate, was a diplomatic disaster. The mullahs never intended to fulfil their promises, there were no real safeguards in place to make sure that they did, and so it should come as no surprise that Iran has violated the deal.

Asian oil refiners seeking alternatives to Iranian oil

Iran Focus

London, 12 July - Oil refineries in Asia are now seeking alternatives to Iranian oil from the other Middle Eastern oil-producing countries following the US’s announcement that they would be renewing sanctions on Iran and not issuing waivers, according to Kuwait Petroleum Corp (KPC) Chief Executive Officer Nizar al-Adsani.

Al-Adsani, who spoke to Reuters at an event in Beijing on Monday, said that KPC has increased its output by 85,000 barrels per day (bpd) in order to meet its commitment in an agreement by the Organization of the Petroleum Exporting Countries (OPEC), which also includes Saudi Arabia, the United Arab Emirates and Iraq, but that output may rise again if OPEC agrees.

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