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 says it has breached stockpile limit under nuclear deal

Iran has said that it has exceeded the amount of enriched uranium that it was allowed to have under a 2015 Iran nuclear deal. Iran also announced that it is planning to suspend other commitments under the deal in 10 days unless European powers took steps to implement their new mechanism known as Instex for… Continue reading Iran says it has breached stockpile limit under nuclear deal

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