Major powers, Iran agree to keep trying to maintain trade

The remaining parties to the Iran nuclear deal said on Monday they agreed to continue work to create a special mechanism to maintain trade with Iran, including in oil, following the U.S. withdrawal from the 2015 pact. "Mindful of the urgency and the need for tangible results, the participants welcomed practical

Dubai has failed to deliver 120,000 tons of wheat to Egypt

(Reuters)DUBAI/CAIRO: Dubai-based trader AOS, a leading supplier of wheat to Egypt, has failed to deliver two of its cargoes, Supply Minister Ali Moselhy told Reuters. Moselhy, who is also chairman of Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), said AOS had been offered two extensions for the

EU considers billions in financial aid to Iran

By Middle East Affairs The major players of the 2015 Iran nuclear deal have come together to discuss the possibilities of offering Iran financial aid in exchange for constraining their ballistic missile development and widespread meddling in the region. Now that President Trump has left the deal, that President Obama brokered, the remaining

Iran dreams of gasoline independence

By Middle East Affairs Iran has heavily reduced its gasoline imports in recent weeks, trade sources told Reuters, bringing it closer to its goal of fuel self-sufficiency. The country opened a new refinery, which the news agency says has reduced its dependence on imports. That may help Tehran because as the 2015 nuclear