Repeating its warning that the country’s sanctions-triggered recession will worsen, the Fund also urges Tehran to align official currency-exchange rates with black market rates.
Mechanism to enable sanctions-shielded trade with Islamic Republic can’t find a home. US scoffing at “paper tiger”.
Use of American parts means company would require Washington waiver to go through with delivery. Iranians searching high and low for planes they can acquire.
New Delhi is developing facility to open up trade corridor that bypasses Pakistan. Project will open gateways into Central Asia via Afghanistan and Turkmenistan.
Russia calls measures illegitimate, while EU makes frustratingly slow progress in creating SPV to shield trade with the Iranians.
Stock market, Turkish lira, bonds and Halkbank all have a good day.
Move intensifies fears that hardline US sanctions regime could lead to food and medicine shortages in Iran.
As state TV airs pictures of military manoeuvres, president vows to confront “bullying enemy” and overcome economic attack.
No exceptions made for shipments of basic foods and medicines in big sanctions announcement. LOL?
White House National Security Advisor John Bolton adds to speculation that policy will be softened by saying: "We want… maximum pressure, but we don't want to harm friends."
After meeting with Turkish, Azerbaijani counterparts ahead of upcoming oil sanctions, foreign minister warns of “severe consequences for the world order”.
During Yerevan visit, White House national security advisor also addresses Nagorno-Karabakh conflict and potential for selling Armenians American arms.
Top Turkish refiner requests exemption with around two weeks remaining until Trump’s attempted worldwide embargo on Iranian energy exports activates.