The European Union plans to switch to the euro for oil purchases from Iran, eliminating the US dollar as the two sides work to protect bilateral trade against possible American sanctions, a report said.
The euro held its gains on Monday as traders bet the European Central Bank will start to wind down its crisis-era stimulus program, while lower expectations for further tightening in the United States weighed on the dollar.
Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.
London is facing renewed pressure over its dominance of the €1 trillion (£880 billion)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business.
Minister of Science, Research and Technology Mohammad Farhadi hailed the 8.5 million euro agreement with the European Union, saying that the deal signifies that valuable cooperation with the world scientific centers has started during the tenure of the incumbent government and it is seriously pursuing international communications.
Germany on Wednesday took the European lead in cracking down against hate speech and fake news, threatening social media giants with fines of up to 50 million euros if they fail to remove offensive posts promptly.