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European MPs warn U.S. over scrapping JCPOA

“MPs from Britain, France and Germany have warned the U.S. Congress of damage to transatlantic credibility and conflict in the Middle East if Washington pulls out of the Iran nuclear deal, officially called the Joint Comprehensive Plan of Action (JCPOA)” reports tehrantimes.com. The Trump administration has demanded that the 2015 nuclear accord be “fixed” by May 12; otherwise, the United States may reinstate sanctions on Tehran and effectively kill the accord despite Iran’s compliance.The European MPs said that although they “share the concerns expressed by many vis-à-vis this Iranian behavior,…

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MPs from UK, France and Germany urge US not to scrap Iran deal

“More than 500 parliamentarians from France, Germany and the UK have written to their US counterparts urging them to persuade Donald Trump not to abandon the Iran nuclear deal” writes Patrick Wintour for theguardian.com. They added that if the deal broke down it would be nigh on impossible to assemble another grand coalition built around sanctions against Iran.The diplomats are looking to see whether the current inspection system agreed under the deal could be extended to military sites, laboratories and universities. Source: theguardian.com Share This:

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Iran replaces dollar with euro in financial reporting

“TEHRAN- The Iranian cabinet on Wednesday ordered all state-run organizations and companies to replace U.S. dollar with euro in reporting their financial statements, IRNA reported” reports tehrantimes.com. The government also put the central bank in charge of managing and announcing rial-to-euro exchange rate continually. Central bank governor Valiollah Seif said on April 9 that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion to replace dollar with euro in Iran’s foreign trade. “Dollar does not play a role in our foreign trade transactions,” Seif announced at the time. Source: tehrantimes.com Share…

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U.S., UK enjoying ‘blood business’ in Yemen: Iran

“U.S. and UK complicity in the creation of the worst humanitarian crisis in the world in Yemen is reprehensible and immeasurable” reports tehrantimes.com. TEHRAN – The Permanent Mission of the Islamic Republic of Iran to the United Nations issued a statement on Wednesday saying that the U.S. and UK are now enjoying a “blood business” in Yemen.U.S. and UK are enjoying a blood business in Yemen now.The United States and Britain are the chief arms suppliers to Saudi Arabia which started a war on Yemen in March 2015.The fact is…

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Bob Corker hopes Europeans agree to tweak the accord ahead of a May 12 deadline that Trump could use to kill it.

“The president has reluctantly waived nuclear sanctions against Iran on three occasions and has repeatedly criticized the deal” writes Foreign Affairs Reporter for huffingtonpost.com. Trump has to decide by May 12 whether he will continue to waive nuclear-related American sanctions on Iran.“If nothing changes between now and May 12, the president absolutely is going to withdraw from the agreement …European companies have been eager to keep the deal in place and do business in Iran. Source: huffingtonpost.com Share This:

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Keeping Iran nuclear deal in place vital for EU: Mogherini

“Under the agreement, nuclear-related sanctions put in place against Iran were lifted in exchange for curbs on Tehran’s nuclear program” reports tehrantimes.com. I do not expect [EU foreign] ministers to take decision on this today,” the EU foreign policy chief said.Since the JCPOA Implementation Day in January 2016, the IAEA has been monitoring Iran’s compliance with its nuclear-related commitments under the nuclear deal and has consistently verified the Islamic Republic’s compliance. “It is a strategic interest for the European Union and we will stick to it (nuclear deal),” Mogherini notes.It…

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Futures Markets News Oil 

Oil Prices Drop as Fears About Syria Strikes Fallout Wane

“Brent crude oil futures LCOc1 were down 74 cents at $71.84 a barrel by 11 a.m” writes Jessica Resnick-ault for reuters.com. Because the attacks were more surgical than anticipated in more extreme scenarios, the market has shrugged off bullish factors, he said. “It has got everything to possibly boost it: weak dollar, Syria, potential sanctions, White House uncertainty, China trade,” he said. Even the imposition of unilateral sanctions by the U.S. government could hamper exports of oil from Iran, one of the world’s largest producers. “Oil is still holding relatively…

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Iranian alternatives for Telegram in close-up

“Here there is a short introduction to three famous Iranian messaging applications, which are introduced as good alternatives for Telegram: Soroush Soroush, an Iranian messaging application, is considered as one of the most probable replacements of Telegram” reports tehrantimes.com. Iranian alternatives for Telegram messaging application are now on the table for Iranian users, who are encouraged by the government to replace their Telegram account with a domestic application.The replacement of Telegram, as the most popular messaging app in Iran, with Iranian messaging applications is being turned into a challenge on…

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The US is considering economic warfare with Iran

“Iran’s currency recently hit an all-time low, and economic uncertainty looks likely to test the country’s political establishment” writes Oilprice Com for businessinsider.com. Moreover, some hawkish groups in Washington are calling for open economic warfare against Iran.Obviously, that would dramatically step up the economic pressure on Iran and could spell even more trouble for the country’s currency.Iran’s currency, the rial, traded at 40,000 to the dollar last year, but this week plunged to 60,000 rials per dollar, sparking panic buying. Source: businessinsider.com Share This:

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