(Bloomberg) — Surging crude prices are posing another headwind for the world economy after President Donald Trump’s “zero” pledge on Iran oil sales. Reported by HPMM Group according to INVESTING.COM ; Brent crude has risen about 40 percent this year and is at the highest in six months. While higher prices due to strong demand typically reflects a […]
DUBAI: Tighter U.S. sanctions against Iran could fuel inflation to the highest level since 1980, according to the International Monetary Fund, as the Islamic Republic’s economy grapples with a weakening currency and tighter U.S. sanctions on oil exports. Reported by HPMM Group according to THE STAR ONLINE ; Consumer prices could average 50 percent higher this year […]
Reported by HPMM Group according to MEHR NEWS ; Minister of Roads and Urban Development Mohammad Eslami said that recent flood across the country has inflicted some 35.2 trillion rials ($838 million) worth of damage to the country’s roads and railways. He made the remarks while briefing the Parliament on flood damages in a Sunday open session. Eslami […]
Reported by HPMM Group according to MEHR NEWS ; Syria, Iran and Iraq plan to hold a trilateral meeting on the connection of their railway systems into one, media reported citing a source in the Syrian Ministry of Transport. “Now, the countries are working on the resumption of the project connecting the railways of Syria, Iran and Iraq and are […]
Reported by HPMM Group according to MEHR NEWS ; The Brent crude oil on Mon. for the first time in 2019, crossed the $71/barrel threshold, only hours after the US labelled Iran’s elite Islamic Revolutionary Guards Corps a ‘terrorist group’, indicating that the US president, contrary to his tweets, not only was uninterested in stabilizing the oil […]
Reported by HPMM Group according to IRAN FRONT PAGE ; Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies. Speaking to reporters on Sunday, Hemmati said the previous Iranian year (which ended on March 20) was […]
Reported by HPMM Group according to MEHR NEWS ; Mahan Air, Iran’s second-largest carrier after Iran Air, has officially launched its direct flights between Tehran and the Venezuelan capital Caracas, a senior official said. Spokesman of Iran’s Civil Aviation Organization Reza Jafarzadeh said the route was launched in the early hours of Monday, with the first flight […]
Reported by HPMM Group according to Mehr news ; India has begun paying Iran for oil in rupees, a senior bank official said on Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil […]
Reported by HPMM Group according to Trend News Agency ; Former prime minister of Italy Paolo Gentiloni highlighted his country’s “historical commitment” to broadening trade ties with Iran, stressing that Italy should adopt policies that are independent of the US, Trend reports via Tasnim News Agency. Gentiloni, who was holding talks with Iranian Foreign Minister Mohammad Javad Zarif […]
