Iran drops India from Chabahar rail project, cites funding delay

News: Iran government has decided to move ahead with the construction of a rail line from Chabahar port to Zahedan along the border with Afghanistan on its own as it cited delays from the Indian side in funding and starting the project. Facts: Chabahar Rail Line: It is a 628-kilometre railway line that connects Chabahar… Continue reading Iran drops India from Chabahar rail project, cites funding delay

Amid high inflation, Iran to get a new currency

News:The Iranian parliament has approved a bill to allow a major overhaul in the country’s currency rial. Facts: Key Features of the Bill: It allows the government to slash four zeros from the rial and to replace Iranian national currency Rial with another basic unit of currency called Toman(redenomination).Each Toman will be equal to 10,000… Continue reading Amid high inflation, Iran to get a new currency

Iran says it may pull out of nuclear treaty over Europe dispute

News:Iran has warned to withdraw from the Non-Proliferation Treaty(NPT) if the European countries refer the dispute over its Nuclear programme to the United Nation Security Council. Facts: About the issue: Britain, France and Germany launched a process last week charging Iran with failing to observe the terms of the 2015 Iran nuclear deal. This move… Continue reading Iran says it may pull out of nuclear treaty over Europe dispute

US gives ‘narrow exemption’ to India from sanctions on Chabahar for aid: Official

News:According to US officials,the US has provided a rare exemption to India from sanctions on the Chabahar port in Iran. Facts: About Chabahar port: Chabahar port is a seaport in Chabahar in South-Eastern Iran.Its location lies in the Gulf of Oman.It is the only Iranian port with direct access to the ocean. The Chabahar Agreement… Continue reading US gives ‘narrow exemption’ to India from sanctions on Chabahar for aid: Official

6 European nations join Iran barter system

News:Recently,six European countries have joined the barter mechanism called INSTEX which is designed to circumvent US sanctions against trade with Iran by avoiding the use of dollars. Facts: What is INSTEX: The Instrument In Support Of Trade Exchanges(INSTEX) is a payment mechanism set up by the governments of France, Germany and Britain to secure trade… Continue reading 6 European nations join Iran barter system

Iran’s Rouhani says no talks with US until sanctions lifted

Iranian president has ruled out meeting US President until the US lifts sanctions on Iran. This statement came after French President has said that he would try to arrange a meeting between US President and Iran to ease the strained relationship between the two countries. The US and Iran have been locked in a stand-off… Continue reading Iran’s Rouhani says no talks with US until sanctions lifted

India hoping for Iran deal, Russia’s inclusion in G7

The Group of Seven(G7) summit is being held in Biarritz,France.The summit will discuss issues such as (a)global free trade (b) environment (c) climate change (d) digital economy among others. However,India would be interested in two other issues which are (a) Relations between Iran and US and (b) Inclusion of Russia in the G7 group. The… Continue reading India hoping for Iran deal, Russia’s inclusion in G7

Bavar-373 system

Iran has unveiled its new home-grown air defence system called Bavar-373. Bavar-373 is a long-range mobile surface-to-air missile system.It is designed to intercept and destroy incoming hostile targets.  The system employs missiles that have a maximum range of 300 kilometers.  The system is also capable of simultaneously detecting up to 300 targets, tracking 60 targets… Continue reading Bavar-373 system

Defying U.S., Gibraltar frees Iran tanker

Gibraltar has released an Iranian oil tanker named Grace 1.The oil tanker was stopped by the UK navy after the government of Gibraltar suggested it was heading for Syria. Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula.It occupies a commanding position at the western gateway to the Mediterranean… Continue reading Defying U.S., Gibraltar frees Iran tanker

Iran unveils ‘improved’ radar air defence system

Iran has unveiled an improved radar air defence missile system called Falaq. The Falaq is said to be an upgraded version of the current Gamma system which military experts said was of Russian origin. The missile can detect enemy missiles and drones from more than 400 kms away.The system also has high capabilities and can… Continue reading Iran unveils ‘improved’ radar air defence system

U.K. joins U.S. to ensure safety of vessels in Gulf

The UK will join a US-led taskforce to protect merchant ships travelling in the Gulf. This move comes amid growing tensions between the two countries and Iran over the shipping route in the Strait of Hormuz. This decision was taken after Iran had seized a British oil tanker in the Strait of Hormuz.UK has accused… Continue reading U.K. joins U.S. to ensure safety of vessels in Gulf

Highly gratified by cooperation from ‘great friend’ India on Iran: U.S.

The United States has praised India for cooperating in enforcing the oil sanctions on Iran. This statement came after India has brought down the import of oil from Iran to almost zero. The tensions between the US and Iran have started after US had withdrawn from the 2015 nuclear deal that aimed to curb Iranian… Continue reading Highly gratified by cooperation from ‘great friend’ India on Iran: U.S.

India says Iran oil imports not stopped

Indian Government has said that India’s bilateral relations with Iran stand on their own and are not influenced by India’s relations with any third country. This statement came after an MP had asked whether there is any pressure on the Indian Government from the United States on stopping oil imports from Iran. The government has… Continue reading India says Iran oil imports not stopped

US seeks other ways to stop Iran shy of war

US intelligence and military officers are working on non-military plans to counter Iranian aggression in the Persian Gulf. The goal is to develop operations similar to the cyberattacks which were conducted recently. Cyber Attack is a deliberate attempt by an individual or organization to breach the information system of another individual or organization. The cyber… Continue reading US seeks other ways to stop Iran shy of war

Donald Trump says signing ‘hard-hitting sanctions’ on Iran’s supreme leader

The US President has signed an order that targets Iran’s supreme leader Ayatollah Ali Khamenei and associates with additional financial sanctions. Ayatollah Ali Khamenei is Iran’s spiritual leader and highest authority.He has the final say over all political affairs in Iran. The US said that Iran’s supreme leader was singled out because he was ultimately… Continue reading Donald Trump says signing ‘hard-hitting sanctions’ on Iran’s supreme leader

Iran says it will break uranium stockpile limit in 10 days

Iran has announced it will breach the limit on its stockpile of enriched uranium that was set under a 2015 nuclear deal with world powers. Enriched uranium is produced by feeding uranium hexafluoride gas into centrifuges to separate out the most fissile isotope,U-235. Under the nuclear deal,Iran is only permitted to produce low-enriched uranium which… Continue reading Iran says it will break uranium stockpile limit in 10 days

U.S. allows Iraq to import Iranian gas

The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to US sanctions. Iraq has had several extensions to the waiver after US reimposed sanctions on Iran’s oil sector forbidding countries from purchasing Iranian energy. Iraq relies heavily on Iranian energy for power… Continue reading U.S. allows Iraq to import Iranian gas

Iran, India discuss visa extension

India has held the 11th Consular Committee Meeting with Iran to discuss on smoothening visa and legal matters essential for bilateral ties. India and Iran discussed issues such as (a)early conclusion of mutual legal assistance treaty (MLAT) (b)extending longer duration of e-Visa for each other national on reciprocity and (c)visa facilitation for greater people-to-people contact.… Continue reading Iran, India discuss visa extension

Iraq remains the top oil supplier to India

According to data collected by the Directorate General of Commercial Intelligence and Statistics,Iraq has remained India’s top crude oil supplier for the second consecutive year.It met more than one-fifth of the country’s oil needs in the 2018-19 fiscal year. Saudi Arabia also maintained its position as the second-largest crude supplier to India during the year… Continue reading Iraq remains the top oil supplier to India

Iran threatens action against Pakistan-based terrorist group

Iran and India,which have both suffered deadly terrorist attacks from Pakistan based terror groups have agreed to cooperate in combating terrorism in the region. Iran’s Islamic Revolutionary Guard Corps (IRGC) chief has warned Pakistan to crack down on armed group Jaish al-Adl following a suicide attack in the border province of Sistan-Baluchestan. Afghanistan had also… Continue reading Iran threatens action against Pakistan-based terrorist group

Iran Unveils New ‘Fateh’ Submarine

Iran has unveiled a “state-of-the-art” domestically produced submarine capable of firing cruise missiles. A Cruise Missile is a guided missile that flies with constant speed to deliver a warhead at specified target over long distance with high accuracy  It is Iran’s first submarine in the semi-heavy category. The underwater-vessel weighs nearly 600 tonnes and is… Continue reading Iran Unveils New ‘Fateh’ Submarine

India appreciates sanctions waiver

India appreciates sanctions waiver News: The Ministry of External Affairs (MEA) has expressed appreciation for the United States’ waiver on India-Iran energy trade and the Chabahar Port project. Important Facts: Background: US has granted temporary waivers for Iran oil imports to eight countries including India owing to the significant reductions in their oil imports from… Continue reading India appreciates sanctions waiver