Europe rejects Iran’s ‘ultimatum’ but stands by nuclear agreement

European leaders has said that EU will remain committed to the Iran nuclear deal.But has also said that they have rejected the ultimatum given by Iran to prevent its collapse. EU has also said that it will continue pursuing efforts to enable the continuation of legitimate trade with Iran. Earlier,Iran had said that it will… Continue reading Europe rejects Iran’s ‘ultimatum’ but stands by nuclear agreement

Iran says it will not honour nuclear curbs

Iran has said it will start withdrawing parts of its commitments under its 2015 Iran nuclear deal. Iran has also said that it will resume high level uranium enrichment if the remaining signatories -Britain, France, Germany, China and Russia – did not make commitments to shield its oil and banking sectors in the next 60… Continue reading Iran says it will not honour nuclear curbs

U.S. ends waiver for India on Iran oil

United States has announced that all buyers of Iranian oil will have to end their imports by May 2,2019 or face sanctions.The US has announced this to put maximum economic pressure on Iran and through sanctions it eventually aims to halt Iranian oil exports and thereby choke its main source of revenue. Earlier,the US had… Continue reading U.S. ends waiver for India on Iran oil

Oil imports from Iran may be reduced as U.S. mulls waiver

Indian officials has been working closely with the United States to ensure that India gets a better deal on (a)the extension of the Iran oil sanctions waiver and (b)decision on withdrawing India’s preferential Generalised System of Preferences(GSP) status. During discussion with US officials,it was indicated that decision on the GSP withdrawal could be deferred until… Continue reading Oil imports from Iran may be reduced as U.S. mulls waiver