Insider news & Analysis in Iran

On December 6, the National Council of Resistance of Iran (NCRI) wrote in an article that a “year after signing the nuclear deal, while significant problems such as export restrictions and the prohibition of the international bank transfer (swift) have been resolved a transparent atmosphere is created to identify the radical economic problems of Iran.”

In part one, the main question, “why the recession is becoming deeper while the sanctions are lifted and the international transaction with Iran has been opened,” was addressed, when we examined ‘Internal issues’ like, ‘the lack of security and stability’ and the domination of the Guardianship of the Islamic Jurist in the country. 

The following is Part 2.

The decision by the US Congress to extend the Iran Sanctions Act (ISA) for another ten years has been met with praise around the globe and especially from those dedicated to exposing the dangers posed by the Iranian Regime.

The non-profit advocacy group, United Against Nuclear Iran (UANI), celebrated the bipartisan decision by the House and the Senate to enable a 'snapback' of sanctions if Iran should violate the Joint Comprehensive Plan of Action (JCPOA).

By INU Staff 

INU - Iran News Update previously reported that following a period of optimism, hopes had greatly diminished for a positive resolution to the disputes within OPEC regarding its proposed production cuts. However, even the more pessimistic reports tended to accept that an agreement was still possible, and the lingering optimism turned out to be gratified on Wednesday when Saudi Arabia and its supporters within the oil cartel conceded to allow Iran to exempt itself from the cuts.

By INU Staff 

INUOn Tuesday, one day ahead of a long-anticipated meeting of the Organization of Petroleum Exporting Countries, the Associated Press reported that the hopes for success in that meeting had greatly diminished from the optimism that prevailed earlier in November. The report declared that it is still very much possible that the meeting could result in a collective agreement on the reduction of oil output, with an eye toward stabilizing prices. But the chances of such a deal now appear to be lower, thanks in large part to a consistent lack of cooperation from Iran, backed up by its alliance with Russia, a non-OPEC member that was nonetheless expected to participate in the output reduction.

By INU Staff 

INU - On Monday, Bloomberg reported that global oil prices had hit a three month low, in part because of increased production by the Islamic Republic of Iran. Brent futures dropped by as much as 1.4 percent, according to the report. And this comes at a time when the global oil market is still struggling to recover from a precipitous drop last year, which caused prices to bottom out at about half of their previous figures.

In his November 13 article for Bloomberg, Sam Wilken wrote about the boost in oil output at three western fields in Iran.  Rival OPEC producer, Saudi Arabia, called for a measures such as a collective output cut, later this month, to help rebalance the market.

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