by admin | May 25, 2021 | Muslim World
Tehran : The Iranian Ministry of Industry banned the export of five types of commercial items, media reports said on Tuesday.
The exports of packing paper, tissue paper, powdered milk, bulk and packed tea, and over 500g packets of butter will be prohibited from August 23 in a move to regulate domestic market, Xinhua quoted the Ministry as saying.
Due to the reinstatement of US sanctions, the Iranian administration is considering amendments to the country’s exports and imports regulations.
In the meantime, to support the domestic products and services, main companies and their subcontractors have been prohibited from purchasing foreign products and equipment.
Iranian Oil Ministry has also passed an order to ban the import of 84 items and equipment which could be produced inside the country.
—IANS
by admin | May 25, 2021 | Muslim World
Washington : US President Donald Trump’s administration will reimpose the first batch of Iran sanctions on Monday since Washington withdrew from the 2015 nuclear deal.
The more significant tranche of sanctions, including on oil sales, won’t however, come into force until November, reports The Hill news.
Trump announced in May that he was withdrawing the US from the 2015 accord with Iran, Germany, France, the UK, Russia and China.
The deal, which was negotiated by his predecessor Barack Obama, lifted sanctions on Tehran in exchange for curbs on its nuclear programme.
Rather than immediately reimpose sanctions in May, the Trump administration gave companies doing business with Iran two “wind-down” periods.
Monday ends another 90-day period after which Washington can sanction transactions with US dollar banknotes; trade in gold and precious metals; direct or indirect sales of graphite, raw or semi-finished metals and Iran’s automotive sector.
Additionally, licenses for exporting commercial aircraft to Iran, as well as related parts and services, are set to be revoked.
The revocation of export licenses for civil aviation, meanwhile, will hit Boeing and Airbus, which had $40 billion deals to sell aircraft to Iran Air.
The sanctions will go back into place after Trump first threatened and then expressed an openness to meet Iranian President Hassan Rouhani and as the Pentagon is monitoring Iranian military exercises in the Persian Gulf.
—IANS
by admin | May 25, 2021 | Muslim World
Washington : US President Donald Trump announced that he was willing to meet his Iranian counterpart Hassan Rouhani without preconditions and “whenever they want”, a sharp departure from his threats against Tehran last week.
“I would certainly meet with Iran if they wanted to meet,” Trump said on Monday during a joint news conference at the White House alongside Italian Prime Minister Giuseppe Conte.
“I do believe that they will probably end up wanting to meet. I’m ready to meet whenever they want to.
“No preconditions… They want to meet, I’ll meet, whenever they want,” the President added.
Trump also appeared to hedge the possibility of a meeting on an ability to “work something out that’s meaningful”.
Hamid Aboutalebi, an adviser to President Rouhani, tweeted in response to Trump that “returning to the nuclear deal” and “respecting the Iranian nation’s rights” would pave way for talks, reports the BBC.
Such a meeting would be the first between US and Iranian leaders since the 1979 Iranian revolution.
Monday’s olive branch from Trump marks an abrupt shift in tone. The President has been a strident critic of Iran, threatening Tehran with “consequences” on July 22, CNN reported.
The President and his senior officials have ramped up the rhetoric against Tehran, promising to “crush” its economy with international sanctions and accusing it of fomenting terrorism and regional instability, while telling the country’s citizens that their leaders are corrupt.
Washington is preparing to re-impose sanctions on Tehran within days – despite objections from the UK, France, China, Russia and Germany, which also signed the 2015 Iran nuclear deal known as the Joint Comprehensive Plan of Action.
Iran insists its nuclear programme is entirely peaceful, and its compliance with the deal has been verified by the International Atomic Energy Agency (IAEA), which has said Iran is honouring its commitments.
—IANS
by admin | May 25, 2021 | Muslim World
Islamabad : Iranian top military commander said on Tuesday that Iran and Pakistan are seeking to jointly manufacture defence equipment, Press TV reported.
Major General Mohammad Baqeri, chief of staff of the Iranian Armed Forces, made the remarks following a meeting with Pakistani President Mamnoon Hussain in Islamabad on Tuesday.
Iran and Pakistan are working to jointly make defence products and present them as a joint achievement of the Muslim nations, Baqeri was quoted as saying.
In the meeting, Hussain and Baqeri underlined the importance of the Tehran-Islamabad ties in different areas, particularly in the defence sector.
On Tuesday, Baqeri also held a meeting with Chief of Pakistani Naval Staff Admiral Zafar Mahmood Abbasi.
During the talks, the two sides discussed topics including military education, pilot training, military drills and contacts between the two countries’ defence industries, he added.
On Monday, the Iranian top commander blasted the United States for seeking insecurity in the Middle East and is against restoration of peace to this region.
“America tops the list of countries that seek to create insecurity in the region and is against the restoration of security to the region,” Baqeri said.
Baqeri arrived in Islamabad Monday for an official visit at the invitation of his Pakistani counterpart, General Qamar Javed Bajwa.
—IANS
by admin | May 25, 2021 | Commodities, Commodities News, Muslim World
Tehran : Iranian Petroleum Ministry has said that there has been no major change in Iran’s production and export of crude oil despite US sanction threats.
Iran has plans to counter US President Donald Trump’s threats to stop Iran’s oil sales, and “the plans are working successfully”, Press TV quoted Iran’s Petroleum Minister Bijan Namdar Zanganeh as saying on Sunday.
The Iranian minister also criticized Trump’s pressure on Saudi Arabia to increase its supplies and said such efforts would destabilize oil market, Xinhua news agency reported.
The governing principles in Organization of the Petroleum Exporting Countries (OPEC) would never allow such political pressures to change the directions of the market, he said.
Besides, the anti-Iran efforts by the US President are largely to blame for the high oil prices in international markets, he added.
On Saturday, Zanganeh accused Trump of “interfering” in OPEC affairs, saying that Trump’s order to oil producing countries to raise output “is very insulting to the people of these countries and would undermine their national sovereignty and destabilize the oil market.”
Iran’s petroleum minister said that “political issues should not interfere in the crude market, and supply and demand should determine the final oil price.”
“But some political measures and instabilities spark concerns in the oil market and increase its price, including Trump’s insulting order to some OPEC members,” Zanganeh said.
On June 30, Trump said Saudi Arabia had pledged to increase its oil output by 2 million barrels per day “to compensate for falling output in Venezuela and Iran.”
—IANS
