Iraq’s new Foreign Minister Mohamed Ali Alhakim highlighted the importance of bilateral relations with Iran and said the Arab country cannot cut off its trade ties with the Islamic Republic due to the US sanctions. Alhakim pointed to Washington’s economic sanctions against Tehran and said, the value of annual trade between Iran and Iraq amount […]
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iran proceeds with Rail Link to Syria via Iraq
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As the United States enacts sanctions on Iran, Iran is increasing its influence in Iraq with plans for a railway that could work around US restrictions. The state-owned Islamic Republic of Iran […]
Tags: Basra News, featured, Iran, Islamic Republic of Iran Railways (RAI), Rail, sanctions, Syria, United States
Gas Imports from Iran Interrupted
By John Lee. Gas exports from Iran to Iraq have reportedly been interrupted as authorities in Iran repair pipeline damage caused during a recent earthquake. The gas is used for electricity generation, with the cut reducing available power by 2,500 megawatts (MW). Supplies are expected to be restored over the coming days. (Sources: Iraq Oil […]
Iran-backed PMU Militias Raising Profile
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In Iraq, tension between the US-led coalition and armed groups linked to Iran has risen in recent months. For example, the United States sanctioned key representatives of Lebanese militant group Hezbollah on […]
Iran-Iraq Relations in light of US Sanctions
By Bijan Khajehpour for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The reimposition of US secondary sanctions has compelled Tehran to look for ways to reduce their negative impact. According to Iranian officials, one of the strategies is to increase trade […]
Iran Worries about Losing Ground in Iraq
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With rising US pressure, Iran worries about losing ground in Iraq Iraqi President Barham Salih met with Supreme Leader of the Islamic Revolution Ayatollah Ali Khamenei Nov. 17 in Tehran, where Khamenei underlined […]
Iraq Emerges as Iran’s Top Export Destination
Iraq has emerged as Iran’s top export destination in the current Iranian year, an official announced. The director of the export bureau of Iran’s Customs Office, Ali Akbar Shadmani, said the value of the country’s exports since the beginning of the current Iranian year (March 21, 2018) has surpassed $30 billion, with Iraq being the […]
Iraqi Dinar may replace US Dollar in Iran-Iraq Trade
Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries. Speaking at a TV program on Saturday night, Iraj Masjedi said Tehran and Baghdad are considering plans to use Iraqi dinar for trade transactions or develop […]
US Sanctions Key Hizballah, IRGC-QF Networks in Iraq
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today to target four Hizballah-affiliated individuals who lead and coordinate the group’s operational, intelligence, and financial activities in Iraq. Specifically, OFAC designated Shibl Muhsin ‘Ubayd Al-Zaydi, Yusuf Hashim, Adnan Hussein Kawtharani, and Muhammad ‘Abd-Al-Hadi Farhat as Specially Designated Global Terrorists (SDGTs) […]
Tags: featured, Global Cleaners, Hezbollah, Hizballah, Iran, Islamic Revolutionary Guards Corp (IRGC), Office of Foreign Assets Control (OFAC), Quds, sanctions, Syria, United States
Sanctions Halt Iraqi Oil Exports to Iran
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq’s new Prime Minister Adel Abdul Mahdi has opted for the policy of his predecessor, Haider al-Abadi, by committing himself to the US sanctions on Iran. A few hours […]
Iraq Exemption from US Sanctions on Iran Energy
Iraq Granted Exemption from US Sanctions on Iran’s Energy Exports Iraq will continue to have access to the energy it needs from Iran to generate and supply electricity, Brian Hook, the special representative for Iran at the US State Department, said. “Iraq has been granted an exemption” to the energy sanctions the US has re-imposed […]
US “to Grant Iraq Waiver over Iran Sanctions”
The United States has told Iraq that it will be allowed to keep importing crucial gas, energy supplies and food items from Iran after Washington reimposes sanctions on Tehran’s oil sector, three Iraqi officials said. The waiver is conditional on Iraq not paying Iran for the imports in US dollars, said the officials, who included […]