Iran

Crushed: Iran’s rial sinks to 170,000 prior to Trump’s UN address

bne IntelliNews September 25, 2018

Currency started the year at 42,900, while 112,000 bought a dollar at the start of September.

ALACO DISPATCHES: Could China scupper Trump’s bid to bring Iran to heel?

Yigal Chazan of Alaco September 25, 2018

Beijing’s imports of Iranian oil may take the sting out of America’s re-imposition of sanctions.

Rouhani, Trump set for bitter UN Assembly clash after terrorist attack on Iranian military parade

bne IntelliNews September 23, 2018

Revolutionary Guard, Nikki Haley and Rudolph Giuliani join in war of words after apparent Arab separatist terrorism. Tehran points finger at Gulf states allied to US.

Tehran scathingly dismisses US offer to negotiate “treaty”

bne IntelliNews September 21, 2018

US special envoy for Iran refers to nuclear deal abandoned by Trump as only a “personal agreement”.

CAUCASUS BLOG: Unsplendid isolation

Emil Avdaliani in Tbilisi September 12, 2018

North, south, east and west, landlocked Armenia faces formidable trade and investment obstacles. Some outreach to Iran may offer a moderate breakthrough.

Washington relaxes stance on India importing Iranian oil, agrees to consider temporary waivers

bne IntelliNews September 6, 2018

US Secretary of State Mike Pompeo nevertheless insists New Delhi must prepare to reduce purchases of crude shipped from Iran to zero.

Iran ‘may consider rationing’ if economic strife worsens

bne IntelliNews September 5, 2018

With pressure of US sanctions sending economy into a tailspin, MPs suggest rice, meat, bread and sugar might be among restricted products.

“Iran’s Amazon” lays off staff as Trump sanctions hit business

bne IntelliNews September 4, 2018

Letter to employees from Digikala company founders points to consumers’ falling purchasing power and difficulties in obtaining imports as US economic attack on Islamic Republic claims more victims.

Iran shifting crude exports to Gulf of Oman amid Strait of Hormuz tensions

bne IntelliNews September 4, 2018

Move means Iranian tankers can avoid world’s most critical oil chokepoint unlike vessels from Saudi Arabia and other regional rivals.

After lull Iran’s rial resumes plunge as markets fret over forex squeeze

bne IntelliNews September 3, 2018

Central bank governor’s remark on exercising far more care in allocating foreign currencies at heavily discounted official rates triggers new phase of devaluation amid US sanctions attack.

Iran could abandon nuclear deal warns Khamenei

Will Conroy in Prague August 29, 2018

Iranians should "give up hope" that Europe will salvage the accord, he adds.

Rouhani appears in Iranian parliament to explain government shortcomings in addressing economic turmoil

bne IntelliNews August 28, 2018

Iranian president tried to inspire unity among centrists, moderate conservatives and hardliners by blaming "this bunch of anti-Iranian officials in the White House", but lawmakers were unconvinced.

Second phase of US sanctions ‘to tip Iran back into recession’

Will Conroy in Prague August 28, 2018

Analysts at Oxford Economics forecast Iranian economy will contract by 3.7% in 2019 as Washington blocks Islamic Republic’s lifeline oil exports.

US Navy warned to steer clear of Strait of Hormuz by Iranian naval commander

bne IntelliNews August 28, 2018

Stern words follow Iran’s threats to blockade waterway if Washington sanctions take toll on country’s lifeline oil exports.

Iranian MPs fire economic affairs minister for failures amid financial turmoil

bne IntelliNews August 26, 2018

Lawmakers, disgruntled at what they see as a lack of government preparation in advance of US sanctions, claim a second scalp in less than a month. President Rouhani now set to appear before them within days.

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