The European Union will defend the Iran nuclear accord despite Tehran's decision to backtrack on its commitments in response to US sanctions, diplomats believe, but European powers expect it to collapse without a deal to sell Iranian oil to China or India.
The Trump administration is deploying a carrier strike group and bombers to the Middle East in response to troubling "indications and warnings" from Iran and to show the United States will retaliate with "unrelenting force" to any attack, national security adviser John Bolton said on Sunday (5 May).
European refiners are paying the price for US oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed.
US President Donald Trump's administration is brandishing the threat of sanctions against foreign companies "trafficking" with Cuba, a move hitherto mothballed by Washington so as not to offend allies.
France plans to back an EU proposal to regulate Russia's Nord Stream 2 pipeline, its foreign ministry said on Thursday (7 February), potentially threatening its completion and dealing a blow to Germany which has been trying to garner support for the project.
Two ships ablaze in the Black Sea region, leaving at least 10 crew members dead, caught fire while transferring fuel mid-sea after one vessel was barred from using its usual port in southern Russia due to US sanctions risk, two sources told Reuters.
US Secretary of State Mike Pompeo warned foreign businesses Wednesday (16 January) to steer clear of formerly private properties seized by Cuba -- and said he was considering allowing lawsuits over such assets in US courts.
President Donald Trump threatened Turkey with economic devastation if it attacks a US-allied Kurdish militia in Syria, weakening Turkey's currency and prompting sharp criticism from Ankara on Monday (13 January).
A transatlantic tiff over Europe's natural gas supply came to the boil on Sunday (13 January), as Donald Trump's ambassador to Germany threatened firms involved in a pipeline from Russia with sanctions.
At stake is a mixture of economic and security interests for …
A report by the Bank of Russia published late on Wednesday (9 January) reveals that the country dumped $101 in US holdings from its reserves, shifting into euros and yuan last spring amid a new round of US sanctions.
Spanish premier Pedro Sánchez has embarked on the first official bilateral visit by a Spanish leader to Cuba in 32 years on 22-23 November, at a time when the Communist-run island is looking towards Europe as its ties with the United States fester.
The United States is not too concerned by Europe's idea for a special purpose vehicle (SPV) to get around US sanctions with Iran as companies are already withdrawing from the country in droves, the senior official for financial intelligence said.
France has expelled an Iranian diplomat in response to a failed plot to carry out a bomb attack at a rally near Paris organised by an exiled Iranian opposition group, diplomatic and security sources say.
A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by 4 November, when the next phase of US sanctions hit, but will not be operational until early next year, three diplomats said.
Kazakhstan got praise today (10 October) for hosting for the sixth time the Congress of the Leaders of World and Traditional Religions, which traditionally issues messages of peace, mutual respect and tolerance. A few religious leaders however defended their countries controversial policies.
Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher US sanctions, traders who deal with the firm told Reuters.
The European Commission approved an €18 million support package to Iran on Thursday (23 August) sending an important signal both to Teheran and Washington that Brussels will not back on its efforts to preserve the nuclear deal despite US sanctions.
The Kremlin yesterday (12 July) rejected US President Donald Trump's description of Germany as a "captive" of Russia due to its energy reliance, saying his statement was part of a US campaign to bully Europe into buying American energy supplies.
The prospect of securing major private-sector investments could offer Iran an incentive to uphold its side of the nuclear agreement despite Washington’s withdrawal. Laura von Daniels argues that a private German Iran Bank could do the trick.
Dr. Laura von Daniels …