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Iran has recently announced to stop respecting limits on its nuclear activities agreed under a 2015 nuclear deal with major powers until they find a way to bypass renewed US sanctions. The Iran nuclear deal was formally known as the Joint Comprehensive Plan of Action (JCPOA). Iranian President Hassan Rouhani has given an ultimatum of ..
The Chief of US Central Command General Kenneth McKenzie has stated that the US will deploy the needed resources for tackling all the actions taken by Iran. In an official quote to the Sky News Arabia, McKenzie stated, “We’re going continue to reach out to our partners and friends in the region to ensure that ..
The Trump administration has stated that there will be no short-term waiver or any wind-down period over China’s oil purchases from the Republic of Iran in the wake of the recent announcement made by Washington that the customers of Iran should halt their purchases by May 1 or have to face US sanctions. The administration ..
US decision to re-impose economic sanctions on the Iranian Republic will hit Turkey hard next week as the waiver to continue to buy oil from Iran expires. Turkey which is an energy-hungry nation will have to suffer the aftermath of the unilateral decision taken by the US administration. Turkey was among the eight nations which ..
For the first time, the Trump administration has labelled Iran’s elite Islamic Revolutionary Guard Corps as a foreign terrorist organization. Further, the move seems to increase pressure on Iran’s regime and to bring a new level of tension between the two countries, as Iran’s leaders have said they will retaliate in kind. US sanctions have ..
The United States of America is all set to designate Iran’s Revolutionary Guard Corps as a terrorist organisation as per the reports which appeared in the Wall Street Journal. It will mark as a first time in the world history that Washington has labelled the army of another country as a military organisation. The move ..
Germany, France and the UK have officially set up a payment channel with Iran called INSTEX, to help continue trade and circumvent US sanctions. The long-awaited special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies despite Washington re-imposing sanctions after US President Donald Trump abruptly ..
On November 5, the United States imposed the toughest ever sanctions on Iran aimed at altering the Iranian regime’s “behaviour”. The sanctions cover Iran’s banking and energy sectors and reinstate penalties for countries and companies in Europe, Asia and elsewhere that do not halt Iranian oil imports. However, 8 countries – India, China, Italy, Greece, ..