Economy

Al-Arabia – Iran’s foreign minister said on Sunday that a European mechanism to trade with Tehran fell short and that France, Britain and Germany needed to do more to show their commitment to the 2015 nuclear deal with Iran.

Radiofarda – The victors of the 1979 Islamic Revolution of Iran believed in an economic miracle and assumed they would be reaching their Utopia in no time based on Islamic fundamentalism and their motto of “neither East, nor West” Article 12 of the Constitution of the Islamic Republic of Iran sets the regime’s objectives as “A fair economy based on …

VOA – Iranian teachers have staged peaceful rallies in at least six cities to protest what they see as government suppression of their rights and to call for better working conditions in their poorly paid profession.

radiofarda – The Royal Canadian Mounted Police (RCMP) says it has cracked down on an international money-laundering network operated by organized-crime cells in Montreal and Toronto.

rferl.org – U.S. Vice President Mike Pence has called on Washington’s European allies to withdraw from the 2015 nuclear deal with Iran, saying that Iran is the “greatest threat to peace and security” in the Middle East.

Radiofarda – Iran’s crude oil production plunged to 2.754 million barrels per day (mb/d) in January 2019, about 1.064 million barrels per day less than in May 2018, when the United States withdrew from the 2015 nuclear agreement, OPEC said February 12.

Radiofarda – Iran’s ministry of economy and finance is drafting regulation to set up companies for doing barter trade with foreign partners as a way of circumventing U.S. sanctions.

Radiofarda – The U.S. House Financial Services committee said it has postponed a planned hearing on the use of U.S. sanctions against North Korea, Iran, Russia and Venezuela.

Radiofarda – Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check.

Radiofarda – The Central Bank of Iran (CBI) released its 9-month economic performance report on February 10, which shows an unprecedented budget deficit.