An official from the Lebanese Hezbollah resistance movement has described the latest round of sanctions by the United States and a number of its Persian Gulf Arab allies against the leadership of the group as “worthless,” stating that the measures will have no effect on the country’s political structure, mainly the election of the parliament speaker and future government formation.
Mechanisms for exporting petrochemicals devised during the earlier round of sanctions have still been preserved, therefore the industry will not be affected by fresh sanctions re-imposed by the US, a top Iranian official said.
Key US ally Britain is seeking a waiver for energy companies to continue trading with Iranian counterparts despite President Donald Trump reimposing sanctions on OPEC's third-largest oil producer, a government minister told S&P Global Platts.
The US has imposed sanctions against governor of Iran's central bank Valiollah Seif and Iraq-based Al-Bilad Islamic Bank for transferring “millions of dollars" for Iran's Islamic Revolution Guards Corps (IRGC).
A top Iranian oil official said all of the country's oil cargoes have designated customers worldwide, stressing that the potential US sanctions have not so far undermined the flow of oil to international markets.
Russia's Sukhoi Civil Aircraft said it would continue to cooperate with Iranian airlines in the framework of interim agreements on the delivery of SSJ100R passenger aircraft, despite the resumption of US sanctions on Iran.
French President Emmanuel Macron on Thursday urged European companies not to be intimidated by the US threats of punishment over dealing business with Iran after President Donald Trump pulled the United States out of the 2015 nuclear agreement.
Iran is in contact with European planemaker Airbus to try to use a narrow window available for business following this week’s US decision to withdraw from an international nuclear pact, said a senior official.