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OFAC elaborates on implementation of the Iran nuclear deal

- John E. Smith, acting director of the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department, has enumerated on the pros and cons of the nuclear deal between Iran and great powers which went into effect in January. - 6/30/16

Foreigners' purchase of Iranian shares near $23m in a month

- "Overseas investors purchased 798 billion rials (about $22.7 million) of shares in Iran's capital market during the third Iranian month of Khordad (May 21- June 20, 2016), a senior official in Central Securities Depository of Iran (CSDI) said. - 6/30/16

Leaked Salaries Cast Iran Officials In Harsh Light, But To What End?

- Simmering anger in Iran's hard-line media over official salaries has forced President Hassan Rohani's administration onto the defensive with a likely reelection bid for the relative moderate on the horizon. - 6/28/16

The Brexit Risk to the Iran Deal

- The vote has certainly made a splash in Iran. Hamid Aboutalebi, Rouhani's deputy chief of staff for political affairs, tweeted that "Brexit is a 'historic opportunity' for Iran" that must be taken advantage of. On the other side of Iran's political aisle, Brigadier General Massoud Jazayeri has praised the Brexit vote, suggesting that it represents a rejection of American policies. Whatever the logic of these statements, political actors in Iran are clearly watching the Brexit fallout with interest. -Esfandyar Batmanghelidj - 6/25/16

Single-Digit Inflation Rate Achieved In Iran: CBI

- The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period ended in the last day of the third Iranian calendar month of Khordad (June 20) compared to the same period in the previous year hit 9.7 percent, the Tasnim news agency reported on Saturday. - 6/25/16

Shanghai Cooperation Organization Declines Russian Bid To Enlist Iran

- The China-led Shanghai Cooperation Organization has refused to enlist Iran, despite a request from Russia. While begun in China, the Asian security bloc has served as a platform for both Moscow and Beijing to project influence in Central and South Asia. But unlike Russia, China is showing some reluctance to give it a strong anti-Western bias. - 6/24/16

Ample grounds for Iran, Netherlands to bolster relations: Zarif

- Iranian Foreign Minister Mohammad Javad Zarif hails cordial relations between Iran and the Netherlands, saying there are plenty of grounds for the two countries to strengthen cooperation in a variety of fields." There are many opportunities for bilateral cooperation between the two countries in different fields," Zarif said in a joint press conference with Dutch Foreign Minister Bert Koenders in Amsterdam on Thursday. - 6/24/16

Iran needs 551 airplanes by next 9 years: Transport Minister

- Iran's air fleet needs 551 new airplanes by the Iranian calendar year 1404 (March 2025- March 2026), Transport Minister Abbas Akhoundi announced on Wednesday. The Iranian air fleet includes 266 airplanes, 100 of which are grounded due to their old age, Akhoundi told IRNA. - 6/23/16

Iran's economy is running just fine -- if you're a bigwig at a state-owned company

- One Iranian newspaper has dubbed it "Payslip-gate." A series of leaks has exposed astronomical salaries among top executives at state-owned companies in Iran, a sign of persistent inequality in an economy struggling to recover from international sanctions. -Los Angeles Times - 6/23/16

Iran ranks 13th on list of global steel producers

- The World Steel Association (worldsteel) has announced that Iran's surge in production has pushed the country up on the list of global steel producers. The international trade body for the iron and steel industry has released its latest figures on global production, which shows a solid gain for Iran. - 6/23/16

Major rise in foreign investments in Iran

- The Financial Times says the latest figures show that the volume of Foreign Direct Investment (FDI) in Iran has reached the highest level in years following the removal of sanctions against the country in January. - 6/22/16

PSA Peugeot Citroen signs JV deal with Iran Khodro

- French carmaker PSA Peugeot Citroen says it has signed a final agreement with Iran Khodro to form a joint venture to produce vehicles in Iran. PSA has announced in a statement that the agreement provides "a crucial milestone" in its cooperation with Iran Khodro. - 6/22/16

Iran Inflation At 25-Year Low

- Iran says its inflation rate has dropped into single digits for the first time in a quarter of a century. Vice President Mohammad Bagher Nobakht told parliament on June 21 that annual inflation fell to 9.5 percent in the Iranian calendar month that ended the day before. - 6/22/16

Boeing confirms sales deal with Iran Air

- US aviation giant Boeing has confirmed a major plane purchase order placed by Iran's flag-carrier airline Iran Air. The Chicago-based manufacturer issued in a statement released by The Associated Press said on Tuesday that it had signed deal with Iran Air "under authorizations from the US government following a determination that Iran had met its obligations under the nuclear accord reached last summer." - 6/21/16

Will FATF Acknowledge Iran's Progress on Its Financial Sector?

- Later this month, the Financial Action Task Force (FATF)-an intergovernmental body that sets and promotes standards for combating money laundering and terrorist financing-will issue a new public statement regarding jurisdictions with deficient anti-money-laundering (AML) and counter-terrorism financing (CFT) regimes. As has been true since 2007, Iran will likely be identified as such a jurisdiction. -Tyler Cullis - 6/20/16

Buyers eyeing Iran's Esfahan Steel Company

- Esfahan Steel Company, Iran's third-largest maker of the metal, is reportedly seeking buyers amid plans to boost production. Bloomberg says in a report that companies from South Korea and Luxembourg are interested in taking a stake in the company. Iran and the Steel Pensioners' Fund for retired Iranian steel workers want to sell a 73 percent stake, added the report. - 6/20/16

Hill Update: Following the Money in Iran

- On 6/16 Royce (R-CA), chairman of the House Committee on Foreign Affairs, sent a letter to U.S. Treasury Secretary Jacob Lew, urging Lew the Treasury Department "to use the influence of the United States to ensure that Iran remains on the list of countries designated by the Task Force as 'high-risk and non-cooperative' jurisdictions for money laundering and terrorist financing." -Lara Friedman, LobeLog - 6/20/16

Iran next to join emerging power SCO: Kazakhstan President

- Iran is next to join the Shanghai Cooperation Organization (SCO) which will officially have India and Pakistan on its roster next week, Kazakh President Nursultan Nazarbayev has said. Leaders of the regional security group, led by China and Russia, will meet for the summit of their leaders in Uzbekistan's capital of Tashkent on June 23 and 24. - 6/18/16

Iran's Judiciary Evades Responsibility for Lashing Sentences against Striking Miners

- After a month-long silence amid widespread condemnation of the decision by Iran's Judiciary to intervene in a local labor dispute and punish 17 protesting mine workers with lashing sentences, the Judiciary's spokesperson has finally spoken out by evading responsibility for the ruling. - 6/18/16

Pro-Israeli sides warn Boeing on Iran deal

- A groundswell of opposition is building among pro-Israeli politicians in the US against Boeing's plans to sell aircraft to Iran. The Chicago-based aerospace giant has reportedly received requests for more information after Iran said on Tuesday it had reached an initial agreement with Boeing for the supply of jetliners. - 6/18/16

Iran, Russia eyeing Sukhoi Superjet joint production deal

- Iran says it is looking into a plan to jointly produce Sukhoi Superjet 100 (SSJ 100) airplanes with Russia - what could take the Islamic Republic to the club of global plane makers if materialized. - 6/17/16

Brexit and What it Means for Britain and for Europe

- On June 23, the British people take part in a rare referendum on whether to stay in the European Union or to leave. Referenda are not vey common in Britain, and apart from its rarity this referendum may decide the fate of Britain for decades to come, and its outcome can also have a profound bearing on other EU states. -Farhang Jahanpour - 6/17/16

Turkey to triple trade with Iran to $30B

- Turkish Customs and Trade Minister Bulent Tufenkci says the country has serious plans to triple trade with Iran to $30 billion "as soon as possible". Tufenkci told Reuters on Thursday that the January removal of sanctions against Iran has already prepared the grounds for Tehran and Ankara to boost the level of their mutual trade. - 6/17/16

Iran-Germany ties benefit whole world: Zarif

- Iranian Foreign Minister Mohammad Javad Zarif says cooperation with Germany is beneficial to the Middle East and the rest of the world. Zarif made the remarks during a press conference with German Foreign Minister Frank-Walter Steinmeier in Berlin on Wednesday night. - 6/16/16

Zarif, Kerry meet in Olso to discuss Iran's complaints

- Iran's Foreign Minister Mohammad Javad Zarif and US Secretary of State John Kerry have met to discuss the implementation of last year's nuclear accord and obligations in its implementation. The 70-minute closed-door talks in a downtown Oslo hotel on Wednesday touched on Iran's complaints that it's not getting the sanctions relief it deserves under the agreement. - 6/15/16

Iran deal allows for sales of passenger planes: U.S. State Department

- The spokesman of the US State Department says Iran's historic nuclear agreement with the permanent UN Security Council members plus Germany (P5+1) allows Western jet manufacturers to trade with Tehran. His comments followed reports that Iran had reached an agreement with Boeing Co. for the supply of jetliners after months of negotiations. - 6/15/16

Zarif, Mogherini exchange ideas on sidelines of Oslo Forum: JCPOA under scrutiny

- Top foreign policy decision-makers of Iran and EU sat together on the sidelines of the Oslo Forum 2016 to clear away obstacles hindering full implementation of the nuclear deal. Participating in the meeting were Iranian Foreign Affairs Minister Mohammad Javad Zarif and European Union Foreign Policy Chief Federica Mogherini with other senior diplomats. - 6/15/16

US has to do more on nuclear deal: Iran

- Foreign Minister Mohammad Javad Zarif told a news conference in Norway on Tuesday that Iran had yet to feel gains from a July nuclear agreement with the West and other parties. "I believe the United States on paper has removed all the sanctions," Zarif said in a joint news conference with EU's foreign policy chief Federica Mogherini in Oslo. - 6/14/16

Women to hold 45% of labor market share in Iran by 2026: Official

- By the next ten years about 45 percent of the Iranian labor market will be in the hands of women, Moslem Khani, an advisor to the Ministry of Cooperatives, Labor and Social Welfare said in Tehran on Monday. - 6/14/16

Anti-Iran hostilities to continue despite nuclear deal: FM Zarif

- Iran's foreign minister says the nuclear deal reached last year with the P5+1 group of world powers does not guarantee an end to all hostilities against the Islamic Republic. Mohammad Javad Zarif made the remarks on Sunday as he attended a parliament session in Tehran to brief lawmakers on the results of the nuclear deal reached in July last year. - 6/12/16

Hardliners: The Real Barrier to Iran's Economic Revival

- Despite these international realities, Iran's hardliners continue to mortgage Iran's economic and political future by insisting on policies that, even if they had some obscure justification in the past, have become obsolete in the changed world. This unrealistic, or even surrealistic, aspect of Iranian politics was in full display during ceremonies marking the recent anniversary of the death of Ayatollah Khomeini. -Shireen T. Hunter - 6/10/16

States Cast Shadow over Iran Nuclear Deal

- For anyone who has forgotten that states occasionally conduct their own foreign policy, welcome to the latest potential battleground for implementing the Iran nuclear agreement. Thirty-two states and the District of Columbia have some form of Iran sanctions measures on their books. These sanctions are an important and often-overlooked obstacle to improved U.S.-Iran relations. -Jo-Anne Hart, LobeLog - 6/10/16

Iran's broken financial system

- The Iran nuclear deal was destined to be controversial in its negotiation, conclusion and implementation. Nowhere is the deal more complex than in the area of sanctions relief. But blaming sanctions for the failure of a windfall for Iran to materialize -- as critics and supporters alike are saying -- misplaces attribution and undermines prospects for the deal's success. -Elizabeth Rosenberg and Richard Nephew, Politico - 6/10/16

Iran's Hidden State: Here's What Every Investor Needs to Know

- Among the charitable foundations that dominate Iran's economy, the most prominent is the custodian of the Imam Reza Shrine in Mashhad. Rooted well before the revolution, the foundation known as Astan Quds Razavi has expanded into industries from agriculture and livestock farming to real estate, construction, mining, transportation, medicine and energy. AQR reportedly owns 43% of the city of Mashhad and 90% of the arable land in Khorasan Province, where it is located - though it also has properties all over the country. -Natela Outtier - 6/9/16

U.S. Said to Rebuff EU Bid to Shield Banks on Iran Sanctions

- European Union governments have hit a wall with the U.S. in attempts to shield banks and companies that do business with Iran from the threat of financial sanctions. -Bloomberg - 6/9/16

Want to Invest in Iran? Here's What You Need to Know Before You Go

- As a three-decade program of American sanctions against Iran nears its end, Natela Outtier visited Tehran for a close-up look at some of the hidden hazards in this evolving market. - 6/8/16

New Iranian Bill Aims to Keep Women Out of Workforce

- A bill that would reduce the working hours of female employees, which was passed in the last days of Iran's outgoing Parliament on May 10, 2016, is as an attempt by the state to "bring the 'out-of-control half of society' back under its control," a women's studies expert told the International Campaign for Human Rights in Iran. - 6/7/16

Jump in foreign investments in Iran's OTC

- Iran's media have reported a major rise in foreign investments made in the so-called over-the-counter (OTC) market or better known in Tehran as Fara Bourse. The English-language newspaper said in a report on Monday that the OTC has already attracted Rials 2 trillion (about $57.7 million) in foreign investment so far in the current Iranian calendar year (started 20 March). - 6/7/16

Iranian female MPs to focus on empowering breadwinner women

- Implementing a comprehensive plan aimed at empowering women heads of families is the priority of female members of the parliament, MP Soheila Jelodarzadeh said here on Saturday. - 6/7/16

Iran Air eyeing 'historic' deal with Boeing

- Iran Air, the national flag carrier airline of the Islamic Republic, says it is discussing what is seen as a "historic aircraft purchase deal" with global aviation giant Boeing. Iran Air CEO Farhad Parvaresh has told Reuters that serious talks with Boeing to the same effect are underway, expressing hope that these would lead to an agreement sometime soon. - 6/7/16

Iran Ships 7 Million Dollars Hand-Woven Carpets to US

- INCC head has reported on acceleration of Iran's hand-woven carpet exports to world market by return of traditional customers including the US. "A great portion of carpets in the current year have been sent to the US covering nearly seven million dollars," highlighted Kargar outlining resumption of exports to America as a promising sign." - 6/6/16

Exclusive: As Iran's oil exports surge, international tankers help ship its fuel

- More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January. -Reuters - 6/6/16

US must take concrete, objective steps on JCPOA: Iranian FM

- Iranian Foreign Minister Mohammad Javad Zarif says the US should take more objective steps to guarantee international banking transactions with Iran under last year's nuclear agreement between Tehran and the P5+1 group of countries. - 6/5/16

Lockheed may sell Iran commercial helicopters

- Lockheed Martin Corp, the largest arms maker in the US, is said to be considering the idea, Reuters reported Saturday, citing an official with Sikorsky, a subsidiary of the company. The choppers could be Sikorsky's S-76 and longer-range S-92. - 6/5/16

Boeing says Iran can buy planes in euros

- Global aviation giant Boeing says Iran's airlines could purchase its passenger jets in euros rather than in dollar if the United States' financial system does not open up to Iran. The announcement was made by Marty Bentrott, Boeing's vice-president for Middle East sales, on the sidelines of the International Air Transport Association (IATA) annual meeting in Dublin. - 6/3/16

Conference Call: Post Sanctions Iran Market Review

- Turquoise Partners will be hosting a conference call on the current opportunities in the Iranian market post sanctions. The call will be led by Rouzbeh Pirouz, Executive Chairman, Ramin Rabii, Chief Executive Officer, Shervin Shahriari, Chief Investment Officer and Cyrus Molavi, Director of Asset Management. - 6/3/16

Iran sees no deal on oil output freeze: Oil Minister

- Minister of Petroleum Bijan Zangeneh says Iran will continue to ramp up oil production until it returns to levels before sanctions cut its exports. As he arrived in Vienna ahead of Thursday's meeting of OPEC ministers, Zangeneh said a return to individual producer output quotas is the only way to manage the oil market. - 6/2/16

Iran inks economic agreements in Finland, Poland

- Iran has struck a number of economic agreements worth some 1.2 billion dollars during an Iranian delegation's trip to Poland and Finland, says an official. Mohsen Jalalpour, head of Iran's Chamber of Commerce, Industries, Mines and Agriculture told the official IRNA news agency on Wednesday that Iran's economic delegation signed 50 agreements; 30 in Poland and 20 in Finland, in different sectors. - 6/1/16

Europeans are new customer of Iranian heavy water

- Ali Akbar Salehi, chief of the Atomic Energy Organization of Iran, announced on Tuesday that European countries seek to buy 20 tons of heavy water from Iran. He also said Iran will sell 32 tons of heavy water to the U.S. only after it receives the money for it. - 6/1/16

Gold Trader Asserts U.S. Stretched Law In Iran Sanctions Case

- A Turkish-Iranian gold trader arrested on charges he helped Iran evade sanctions has charged that the U.S. government is using "an unprecedented reach" of law to prosecute him. - 6/1/16

Iran Presses U.S. To Guarantee No Sanctions On European Banks

- The United States must do more to open up the Western banking system to keep its end of the bargain with Iran under last year's nuclear agreement, Tehran's top diplomat says. - 5/31/16

President Rouhani: Iran at 'a historic turning point'

- President Hassan Rouhani says Iran lies at a "historic turning point" after the lifting of sanctions, with his government working to open up the country to foreign trade. In a speech to a crowd of people in Urumieh in northwest Iran on Monday, Rouhani said his government would do whatever it takes for Iran's development and progress. - 5/31/16

Rouhani unveils 'largest industrial complex' in western Iran

- President Rouhani is visiting Western Azerbaijan province in northwest of Iran in a series of 'provincial visits' where the Cabinet would hold meetings in the province visited to address provincial problems and unveil economic and construction projects. - 5/31/16

Steigenberger Hotel Group set to build 10 hotels in Iran

- German hospitality company, Steigenberger Hotel Group, is set to build 10 hotels in different parts of Iran over the next ten years. The CEO of Steigenberger Hotels, Puneet Chhatwal, signed an agreement with the deputy director of Iran's Cultural Heritage, Tourism, and Handicrafts Organization (CHTHO), Saeid Shirkavand, during a meeting at Tehran's Espinas Palace Hotel on Sunday. - 5/30/16

Oil Prices Soar Over $50 A Barrel For First Time In 2016

- The price of premium crude oil has surged over $50 a barrel for the first time this year in Asian trading, giving a boost to the economies of oil producers from Russia and Kazakhstan to Iran and Iraq. - 5/27/16

US Lawmakers Ask: Is White House Catering to Iran?

- Nearly a year after world powers announced the historic Iran nuclear deal, and four months after the agreement was implemented, U.S. lawmakers remain deeply skeptical of the deal and its broader implications. -Pamela Dockins, VOA - 5/26/16

Can OPEC Agree on Oil Production Policy?

- The fall in the price of oil from $115/barrel in mid-2014 to $27/barrel this year has had a devastating impact on petro-states all over the world. Whereas the Kingdom of Saudi Arabia, the world's top oil producer and exporter, cut production in the 1980s to raise oil prices, officials in Riyadh have been determined to avoid a repeat of this experience, which cost Saudi Arabia market share. Yet the kingdom has paid a major price for this geopolitically motivated oil production policy... -Alex Stout - 5/26/16

End of an Art Form? The Persian Rug May Not Be Long for This World

- For centuries, Iran's famed carpets have been produced by hand along the nomad trail in this region of high plains around the ancient city of Shiraz... But high-quality production of hand-woven carpets is no longer sustainable on the migration route of the nomads, said Hamid Zollanvari, one of Iran's biggest carpet makers and dealers. -Thomas Erdbrink, NY Times - 5/26/16

Austria's Oberbank and Raiffeisen Bank connected to Iran market

- A senior Iranian trade official says Austria's Oberbank and Raiffeisen Bank International (RBI) are now connected to Iranian banks. Tehran Chamber of Commerce Chairman Masoud Khansari said that the two Austrian banks have started opening letters of credit (LCs) for Iranian businesses, facilitating trade transactions between the two countries. - 5/26/16

Saudi Arabia Has a Plan B to Try to Stop Iran's Economic Rise

- Saudi Arabia couldn't stop the Iran nuclear deal from being signed. Plan B is to limit Iran's ability to reap its benefits. The kingdom is mobilizing its Gulf allies to make sure that, more than four months after the lifting of sanctions on the Islamic Republic, Iran's opening-up to the global economy doesn't go smoothly. -Bloomberg - 5/26/16

Iranian appetite for German goods prompts surge in first-quarter exports

- German exports to Iran, especially of machines and equipment, rose significantly in the first quarter following the removal of international sanctions against the Islamic Republic, government data showed on Thursday. -Reuters - 5/26/16

U.S. Examining Whether Indian Port Deal With Iran Violates Sanctions

- U.S. senators have questioned whether India's deal to develop a port in Iran violates international sanctions, and the State Department said it is examining the question. "We have been very clear with the Indians [about] continuing restrictions on activities with respect to Iran," Assistant Secretary of State Nisha Desai Biswal told the Senate Foreign Relations Committee on May 24. - 5/25/16

World Bank to award loans to Iran's SMEs

- Iran said on Tuesday that it has started preliminary talks to obtain loans worth a total of at least $1.5 billion from the World Bank for the country's small and medium-sized enterprises (SMEs). - 5/25/16

Iran working on new transit link to EU

- Iran says it is working on a new combined transit route that would link its southern port city of Bandar Abbas to Europe through CIS countries. Officials in Tehran said on Tuesday that the country is working on a plan to create a combined transit route that would pass through its territory as well as several Central Asian countries before reaching Europe. - 5/25/16

India Cements Role in Iran with Chabahar Deal

- Indian prime minister Narendra Modi made his first-ever visit to Iran on Sunday. It was also the first visit by an Indian head of state since the Iranian nuclear deal last year. Topping Modi's agenda were two key agreements-the trilateral transit pact between India, Iran and Afghanistan and the bilateral contract between India and Iran on the first phase of development of the Chabahar port. -Sumitha Narayanan Kutty - 5/24/16

Iran, India agree to expand relations: President Rouhani

- Heading a high-ranking delegation, Modi arrived in the Iranian capital on Sunday. The Indian prime minister was accorded an official welcome in Tehran at the start of a two-day visit to make a case for India's space in Iran's market following the lifting of sanctions. - 5/23/16

Iran, India, Afghanistan sign Chabahar transit agreement

- Iran, India and Afghanistan sign a key trilateral deal, known as the Chabahar agreement, to establish a strategic transit and transport route connecting the three countries. The agreement was signed in the presence of Iranian President Hassan Rouhani, Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani in the Iranian capital of Tehran on Monday. - 5/23/16

Convention on the Legal Status of the Caspian Sea and positions of Iran

- The Caspian littoral states (Iran, Russia, Azerbaijan, Turkmenistan and Kazakhstan) have been working on a document called "draft convention on the legal status of the Caspian Sea" for the last several years in numerous meetings at various levels including the summit conferences of the heads of states and governments. They have not yet succeeded to reach a consensus on all important articles of such a document which are related to the criteria for delimitation of the Caspian Sea. -Bahman Aghai Diba - 5/23/16

India PM in Tehran to strike agreement on Chabahar Port development

- Indian Prime Minister Narendra Modi has arrived in the Iranian capital Tehran at the head of a large delegation to boost economic and political ties with Tehran. Modi landed in Tehran on Sunday for a two-day visit with Iranian officials. He was welcomed by Iran's Economy Minister Ali Tayebnia at Tehran's Mehrabad Airport. - 5/22/16

Tehran Calls On U.S. To Encourage Investment In Iran

- Iran's foreign minister has called on the United States to encourage investors to engage with Tehran. Speaking at a news conference in Tehran a day after Western powers said they back legal business with Iran, Foreign Minister Mohammad Javad Zarif said that "more serious and concrete actions must be taken" by the United States to spur investment in Iran. - 5/22/16

US, Europe to Clear Up Rules for Doing Business with Iran

- The United States and three key European allies -- Britain, France, and Germany -- say they want to eliminate any confusion about what investment and business deals with Iran are permitted after the nuclear deal. -Ken Schwartz, VOA - 5/20/16

Why the Iranian Nuclear Deal Is at Risk of Unraveling

- Today, nearly six months after the deal was implemented, Iran is still waiting for those benefits. The country can't access most of the estimated $100 billion it holds in foreign banks. The reason: U.S. laws, which weren't included in the nuclear deal, are still highly restrictive. -Jonathan Broder, Newsweek - 5/20/16

Lawyers say OFAC not clearing Iran sanctions ambiguities

- Criticisms are rising against the US Treasury Department for what lawyers say is its failure to clear up the ambiguity caused by a maze of overlapping sanctions and exemptions over Iran trade issues. At the center of criticisms is the Department's Office of Foreign Assets Control, known as OFAC. - 5/19/16

Iran's oil exports at highest level since 2012

- The latest market figures show that oil exports in April reached the highest level in over four years - a yet another indication that the country is regaining the share of the market it lost as a result of the sanctions at a faster pace than expected. - 5/19/16

Iranian-Turkish Businessman Seeks Bond in Sanctions Evasion Case

- WASHINGTON- Lawyers for an Iranian-Turkish national arrested in March on charges of conspiring to evade U.S. sanctions against Iran have asked a federal court to set a $50 million bond for his release until trial. Reza Zarrab is one of three people charged in what prosecutors allege was a five-year scheme involving millions of dollars in transactions on behalf of the Iranian government and businesses. -Chris Hannas, VOA - 5/19/16
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