Iran Focus

London, 20 Sep – The people of Golpayegan in the Isfahan Province of Iran have been dealing with major problems in terms of agriculture. Their land that used to have wonderful natural springs is now useless. Agricultural activity has all but stopped because the land is barren and is incapable of producing what it once used to.

This is all because of the Ghaed Bassir Petrochemical Plant. The plant produces Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile Copolymer (SAN) resins according to the petrochemical owning company.

Iran Focus

London, 19 Sep – Back in May, when Donald Trump formally announced that he would be pulling out of the 2015 nuclear deal, there was a great deal of concern that this would either dramatically increase oil prices and damage the American economy or fail to stop international companies from trading with Iran and allow Iran to restart its nuclear weapons programme without oversight. As of yet, neither has happened.

Instead, Iran’s crude exports are plummeting nearly two months before the sanctions go into effect, as global oil companies – even those based in countries still committed to the deal – are cutting their ties to the country. Despite this, oil prices in the US have not risen as dramatically as was feared, essentially remaining stagnant, largely thanks to the increase in oil production by the US and other oil-producing countries.

Iran Focus

London, 18 Sep – When U.S. President Donald Trump announced that the United States would be exiting the 2015 nuclear agreement with Iran and other world powers, he also declared that sanctions would be re-imposed.

The announcement created shockwaves and there were immediate ramifications on the Iranian economy. Since the announcement was made, Iran’s oil exports have dropped by nearly a third.