10 Jun 2019

System to circumvent US sanctions on Iran ready soon: German FM

Germany said on Monday that “all the formal requirements are in place” for Instex, a European payment system that will allow for indirect trade between Iranian firms and companies from other countries using a currency other than the dollar as a way of circumventing US sanctions on the country. Germany

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01 Feb 2019

3 European Nations Create Firm to Trade With Iran, but Will Anyone Use It?

Britain, France and Germany have set up a company that will allow indirect trade between Iranian firms and companies from other countries using a currency other than the dollar. The three signatories to the Iran nuclear deal of 2015 hope this will encourage the Iranian government to stay committed to the agreement, which

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02 Nov 2018

Iran Sanctions Kick In, With Biggest Oil Disruption in Years

“Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. The Middle East’s third-biggest oil producer has already seen many buyers flee, with sales tumbling 37 percent since President Donald

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