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South Korea Imports 41% Less Fuel From Iran

EghtesadOnline: South Korea's crude oil imports from Iran dropped 41% year-on-year in June ahead of the reimposition of US sanctions on the Middle Eastern country, while intakes from Kazakhstan and Mexico jumped.
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Publish Date:29/July/2018 | 10:15

Japan Seeking US Waiver

EghtesadOnline: Japan is seeking an early exemption from the US on its sanctions against Iran as among the highest priority for the country's energy security as well as local refiners' need for Iranian oil, a top government official told S&P Global Platts Tuesday.
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Publish Date:29/July/2018 | 10:12

Iran Extends Insurance for Oil Export to India

EghtesadOnline: Iran has started providing ships and insurance cover to continue exporting crude oil to India, its second-biggest buyer after China, with the US sanctions looming, people familiar with the development said.
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Publish Date:29/July/2018 | 10:06

Need to Explore Maritime Transport Alternatives

EghtesadOnline: Less than a fortnight before the first wave of US sanctions hit Iran on August 6, Hapag-Lloyd, the multinational German-based transportation company said it will increase its cargo and container transport rates to $300 per TEU for its Persian Gulf services.
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Publish Date:28/July/2018 | 10:37

Saman-Munich Re Partnership Endures

EghtesadOnline: The contract signed by Saman Insurance Company with Munich Re last year is still binding, despite new developments in the wake of the US pullout from the Iran nuclear deal, the company’s CEO announced.
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Publish Date:28/July/2018 | 06:37

PSA Group Committed to Delivering Presold Cars in Iran

EghtesadOnline: Automotive joint ventures between Iranian and subsidiaries of French automotive group PSA, Peugeot and Citroen, have announced that measures have been adopted so as to deliver the cars they earlier presold in Iran before they are forced to fully suspend their activities in the country due to the imminent reimposition of sanctions against Tehran by the hawkish US government.
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Publish Date:21/July/2018 | 10:31

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions

EghtesadOnline :The European Union may opt for digital currencies in its dealings with Iran, as it seeks to save the nuclear deal it signed with Iran along with other world powers in 2015 and now in tangible risk after the US move in May to leave the agreement.
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Publish Date:21/July/2018 | 06:32

S. Korea Imports 167K bpd of Iranian Oil in June

EghtesadOnline: South Korea’s imports of Iranian oil fell 40.3% in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the reimposition of US sanctions targeting Iran.
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Publish Date:18/July/2018 | 13:00

Auto Industry Explores Ways to Address Upcoming US Sanctions

EghtesadOnline: Key players in the Iranian auto industry are pooling all their resources to address the tumultuous state of the industry and the car market in recent months and work out strategies that could help sustain the sector in the face of upcoming economic sanctions by the US.
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Publish Date:11/July/2018 | 24:54

Iran-Europe Joint Bank Proposed to Salvage Deals

EghtesadOnline: Iranian officials, executives and pundits have on many occasions floated the idea of creating a new joint bank with European nations to secure financial ties in the face of looming US sanctions .
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Publish Date:11/July/2018 | 08:07

Forum on Possible Impact of US Sanctions

EghtesadOnline: Tehran Chamber of Commerce, Industries, Mines and Agriculture will hold a one-day forum titled “US Withdrawal from the Joint Comprehensive Plan of Action and its Implications for Iran” in cooperation with Algorithm Capital Company on July 18.
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Publish Date:10/July/2018 | 07:10

Rivalry at Iran’s Chabahar Port

EghtesadOnline: Iran’s Indian-backed port of Chabahar, inaugurated months before the United States reimposed sanctions on the Islamic Republic, is where Asia and the Middle East’s multiple political conflicts and commercial rivalries collide.
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Publish Date:02/July/2018 | 07:30

State Bodies Gear Up to Regulate Iran Auto Market

EghtesadOnline: Given the recent fluctuations in the auto market as the US prepares to reimpose sanctions against Iran, various executive entities in the country have outlined plans to undo a portion of the harm already done to the sector.
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Publish Date:01/July/2018 | 13:37

ATR Says It Won’t Risk Delivering Planes to Iran

EghtesadOnline: Regional aircraft manufacturer ATR has to give up delivering the remainder of the aircraft ordered by Iran because of the reinstatement of US sanctions , French daily Le Figaro quoted the company’s chief executive officer, Christian Scherer, as saying.
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Publish Date:30/June/2018 | 14:21