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Iranian Banks Sanctions

Iranian Banks sanctions status analyzed! – Daily Market News

by date: 11 November 2018in News & Reports No Comments

Iranian Banks sanctions status analyzed!

Market News

– After the confusion made by the US Department of Treasury on the latest status of Iranian Banks with regards to the SDN list and the secondary sanctions (being still connected to SWIFT), an analysis has been performed by Donya-e-Bank news agency showing the map of Iranian Banks in a picture. According to the below table, almost all banks in Iran is under the SDN list, however, the ones with no “Secondary Sanctions” tick on their status are clear to deal with:

Iranian Banks SDN list

US removes some Iranian Banks from SDN list! – Daily Market News

by date: 10 November 2018in News & Reports No Comments

US removes some Iranian Banks from the SDN list!

Market News

– After imposing secondary sanctions on almost all Iranian Banks, US treasury department excludes a couple of banks and credit institutes from the SDN action list. According to the news, Middle East Bank, Hekmat Iranian Bank, Mehr-e-Iran Bank and Tose’e credit institution are now just in the SDN watch list and can be connected to SWIFT like before. 

SDN listed Qaed Bassir Petrochemical goes public on Iran Fara Bourse! – Daily Market News

by date: 6 November 2018in News & Reports No Comments

SDN listed Qaed Bassir Petrochemical goes public on Iran Fara Bourse!

Market News

– Today and after the full snapback of US sanctions on Iran along with adding almost everything to OFAC’s SDN list, 10% of the newly sanctioned Qaed Bassir Petrochemical Co. (listed under BSRZ ticker) offered publically on Iran Fara Bourse via book building method with a price ranging from IRR 8,000-8,500 per share. The company produces ABS with a capacity of 30K tonnes per annum. BSRZ earnings jump for 128% on the H1 contrary to the previous year. 

Iranian Stock Exchanges

Iranian Stock Exchanges on the top of WFE ranking! – Daily Market News

by date: 5 November 2018in News & Reports No Comments

Iranian Stock Exchanges on the top of WFE ranking!

Market News

– Iranian Stock Exchanges (Iran Fara Bourse and Tehran Stock Exchange) stood tall in the ranking of the World Federation of Exchanges (WFE) in terms of performance for a period of 365 days ending September 2018. IFB & TSE has returned their investors’ handsome figures of 132% and 127% respectively during the said period and stood 1st and 2nd in the ranking between 72 international exchanges. 

Iran Energy Exchange

Iran Energy Exchange hosts the second batch of oil! – Daily Market News

by date: 4 November 2018in News & Reports No Comments

Iran Energy Exchange hosts the second batch of oil!

Market News

– After the rather successful offering of oil on Iran Energy Exchange, the second batch of Iran oil will be traded on the exchange on November 11, 2018. This time the remainings of previous 1 mn barrels, 700K, are going to be offered to the private exports with a base price of $76.29 bp for FOB delivery in Karq port. The minimum order shall be no less 35K barrels. 

Iran Sanctions

US exempts 8 countries from Iran Sanctions! – Daily Market News

by date: 3 November 2018in News & Reports No Comments

US exempts 8 countries from Iran Sanctions!

In the Market

– Backing down from the zeroing Iran oil sales, the United States grants case exemptions to 8 nations with regards to their oil purchases from Iran just days away from sanctions snapback deadline. Apparently, India, Japan, South Korea, Iraq, China and Turkey are among this shortlist exempted from Iran Sanctions.

Iran 2019/20 budget

Iran 2019/20 budget wraps up with a warning status! – Daily Market News

by date: 31 October 2018in News & Reports No Comments

Iran 2019/20 budget wraps up with a warning status!

Market News

– Rumours have that Iran 2019/20 budget is going to be based on a $65 a barrel of crude and USD/IRR translation rate of 55,000. The fear of losing more income in the wake of US final sanctions along with concerns of the nation’s livelihoods and controlling the unleashed inflation made the task super challenging for the president Rouhani’s administration.

Iran financial channel

EU members refuse to host Iran financial channel in fear of US sanctions! – Daily Market News

by date: 29 October 2018in News & Reports No Comments

EU members refuse to host Iran financial channel in fear of US sanctions!

Market News

– A new challenge has been placed in the way of circling US sanctions by European companies in order to have their financial transactions with Iran. Reported by FT, apparently, no EU member is willing to host the proposed Iran financial channel in fear of more US sanctions coming its way. A European senator stated, “is not like that EU members line up to be the origin of this new Iran dedicated route”. This could be a new challenge that JCPoA signatories have to face with before November 04, 2018. 

Iran Energy Exchange

Iran Oil trades at $74.85 on Iran Energy Exchange! – Daily Market News

by date: 28 October 2018in News & Reports No Comments

Iran Oil trades at $74.85 on Iran Energy Exchange!

Market News

– After the preparation of proper grounds for offering Iranian oil on Iran Energy Exchange to the private sector with the aim of circling the US sanctions, today 280K barrels of Iranian crude has been sold on IRENEX at the price of USD 74.85 (PB). 20% of the deal amount shall be settled in IRR and the rest will be transferred at delivery with today’s SANA rate currency (USD/IRR 136,000). This was the first offering of NIOC on the exchange which accompanied by 4 buyers.

Iran bilateral financial treaty

EU offers Iran bilateral financial treaty! – Daily Market News

by date: 27 October 2018in News & Reports No Comments

EU offers Iran bilateral financial treaty!

Market News

– In their latest attempt to minimize the aftermath of US withdrawal from JCPoA, Europ Union is to utilize an Iran dedicated financial rout in order for their firms to keep up their businesses with Iran. Doing as such, EU is to offer an Iran bilateral financial treaty easing the transfers of funds between two nations’ merchants using their very own currencies. The details of this unique financial system are yet to be published before November 04, 2018.