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US Pressed to Save Iran Financial Access

Top officials in the US Treasury Department are reportedly pushing for Iran to remain connected to the SWIFT global payment network ahead of the implementation of new economic sanctions against the Islamic Republic in November.

EU Financial Mechanism Suitable for Others: Araqchi

Iran Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi said the EU financial mechanism can also be used by other countries.

Russia Says Halting Iran’s Oil Sales ‘not Feasible’

Russia says US efforts to bring down Iran’s oil exports to zero would lead to nothing with a top official describing Washington’s objectives in pursuing sanctions against Iran as “unrealistic.”

France, Germany Mull over Independent Financing System

France and Germany are seeking to develop an independent European financing mechanism with the aim of sidestepping US sanctions against countries, including Iran, and asserting the continent’s “sovereignty.”

J.P. Morgan, Citibank won't Commit to Cutting Iran Access to Markets

J.P. Morgan and Citibank, two top American financial institutions, will not commit to cutting Iranian access to international markets, which will add fuel to concerns among US officials about efforts by European states and Tehran's regional allies to mitigate the impact of new US sanctions ahead of a November 4 implementation deadline, a report says.

EU Needs Payment Systems to Save JCPOA: Germany

German Foreign Minister Heiko Maas says European countries need to adopt payment systems independent of the United States if they seek to keep a historic nuclear deal signed with Iran alive after Washington's withdrawal from it.

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