All in News

Nuclear Deal Collapse Would Be 'Very Dangerous': Iran Minister

◢ Iran's Foreign Minister Mohammad Javad Zarif warned Sunday that failure to save the nuclear deal after the exit of the United States would be "very dangerous" for Tehran. "Failure of the JCPOA (nuclear deal) would be very dangerous for us," Zarif told members of the Iran Chamber of Commerce, quoted by the official IRNA news agency.

UN's Top Court to Hear Iran Row with US Over Frozen Assets

◢ The UN's top court will in October hear a complex case brought by Iran against the United States seeking to recover billions in frozen assets, which US courts say should go to American victims of terror attacks. The International Court of Justice (ICJ) said in a statement Friday it will "hold public hearings in the case concerning Certain Iranian Assets (Islamic Republic of Iran v. United States of America)" at its seat in The Hague.

OPEC Rift Deepens as Iran Walks Out of Key Meeting

◢ Iran's oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional rival Saudi over its push to ramp up the cartel's oil output. "I do not think we can reach an agreement," Bijan Namdar Zanganeh told reporters at his Vienna hotel after storming out of talks with a group of ministers on the eve of a crucial OPEC meet.

OPEC Braces for Tough Vienna Talks on Hiking Oil Output

◢ Iran's oil minister on Tuesday said his country would resist unwinding a landmark OPEC agreement to cap oil production, and blamed US President Donald Trump for pushing up crude prices. "I don't believe in this meeting we can reach agreement," Bijan Namdar Zanganeh told reporters in Vienna ahead of the crucial talks.

Iran's Elite Guards Warn Against Compromise With US

◢ An Iranian military chief cautioned Tuesday that reaching any understanding with Washington, as suggested in a letter signed by a group of political activists, would spell the end of the Islamic republic. "Today everybody knows that striking an understanding with the United States means the death of the Islamic republic," said General Mohammad Ali Jafari, commander of the elite Republican Guards.

Most French Firms 'Won't Be Able to Stay' in Iran: Minister

◢ Most French companies hoping to keep doing business in Iran after the US imposes new sanctions on the country will find it impossible to do so, Finance Minister Bruno Le Maire said Tuesday. These companies "won't be able to stay because they need to be paid for the products they deliver to or build in Iran, and they cannot be paid because there is no sovereign and autonomous European financial institution" capable of shielding them," Le Maire told BFM television.

Iran's Rouhani in Europe in July to Seek Backing for Nuclear Deal

◢ Iranian President Hassan Rouhani will visit Austria and Switzerland next month as part of a campaign by Tehran to secure continued European backing for the 2015 nuclear accord. Relations between Tehran and Bern, which represents Iran's interests in the United States, have been deepening in recent years, and Rouhani will be welcomed with full military honors, a statement from the Swiss presidency said.

Iran's World Cup Fever Bursts Out Into the Streets

◢ Iranians had few options to watch their World Cup opener against Morocco, bar a few cinemas and cafes, but after their shock victory Friday, they burst out into the streets of Tehran in rare and wild celebration. An own goal by Morocco's Aziz Bouhaddouz in the 94th minute handed Iran their first World Cup victory in 20 years.

Renault to Stay in Iran Despite US Sanctions: CEO

◢ French carmaker Renault will maintain its presence in Iran while taking measures to avoid the risk of penalties for breaching renewed US sanctions, CEO Carlos Ghosn said Friday. "We will not abandon it, even if we have to downsize very strongly," he said at the annual shareholders' meeting in Paris.

China Hosts Summit with Russia, Iran as Nuclear Deal Wobbles

◢ Iran, China and Russia may seek ways to salvage the nuclear deal ditched by Donald Trump when their leaders meet this weekend at a summit on the Chinese coast. The Shanghai Cooperation Organisation (SCO), a regional security bloc led by China and Russia, is set to hold its 18th annual gathering in the city of Qingdao on Saturday and Sunday.

France, Germany, Britain Formally Demand Exemptions from US Iran Sanctions

◢ France, Britain, Germany and the EU on Wednesday sent the United States a joint official request for their companies to be exempt from punitive measures resulting from fresh US sanctions on Iran. French Economy Minister Bruno Le Maire said the three countries and the EU were asking the US "to exempt European businesses doing legitimate trade in Iran from all extraterritorial American sanctions.”

Iran Enrichment Plan Not in Breach of Nuclear Deal: EU

◢ The EU said Tuesday that a "first assessment" indicated that Iran's announcement that it has launched a plan to boost uranium enrichment capacity did not breach its commitments under the beleaguered 2015 nuclear deal. Iran has notified the International Atomic Energy Agency that it plans to open a centre for producing new centrifuges, the Islamic Republic's nuclear chief Ali Akbar Salehi said Tuesday, drawing an angry response from arch-foe Israel.

Iran Tells UN it Will Hike Uranium Enrichment Capacity

◢ Iran has notified the International Atomic Energy Agency that it has launched a plan to increase its uranium enrichment capacity, nuclear chief Ali Akbar Salehi said Tuesday. "A letter was submitted to the agency yesterday regarding the start of certain activities," said Salehi, a vice president and head of the Iranian Atomic Energy Organization.

Macron Walks Fine Line as Netanyahu Seeks Anti-Iran Front

◢ French President Emmanuel Macron meets Israeli Prime Minister Benjamin Netanyahu on Tuesday on the second leg of his European trip amid deep differences over how to contain Iran's ambitions in the Middle East. It will be the third meeting of the two leaders in Paris since last July, and while they agree on the threats posed by Tehran's missile projects and foreign interventions, they differ strongly on the response.

Iran's Supreme Leader Warns Europe of Nuclear 'Dream'

◢ Iran's supreme leader Ayatollah Ali Khamenei on Monday warned European leaders against their "dream" of Tehran continuing to curb its nuclear programme while finding itself under new economic sanctions. Khamenei was speaking nearly a month after President Donald Trump announced the United States was pulling out of the landmark Iran nuclear deal.

French Carmaker PSA Says to Exit Iran Over US Sanction Risk

◢ France's PSA said Monday that it would pull out of two joint ventures to sell its cars in Iran to avoid the risk of US sanctions after Washington decided to withdraw from a key nuclear deal with Tehran. "The group has begun to suspend its joint venture activities, in order to comply with US law by August 6, 2018," the automaker said in a statement.

Total Says Chances of Iran Sanctions Waiver 'Very Slim'

◢ French oil major Total said Friday the probability of winning an exemption from US sanctions against Iran to continue a major gas field project was very faint. On Friday, Total's chairman Patrick Pouyanné told shareholders that the prospect of a sanctions exemption was dim.

Iran Sets Sanctions Waiver Deadline for Oil Giant Total

◢ Iran's oil minister on Wednesday gave French energy giant Total 60 days to win a sanctions waiver from Washington or it would lose its stake in a multi-billion-dollar gas project. "Total has 60 days to negotiate with the US government," said Bijan Zanganeh, according to the oil ministry's Shana news agency.