The administration of US President Donald Trump has imposed new sanctions on Iran targeting the country’s metals sector and several senior government officials following Tehran’s retaliation for the assassination of Iranian Lieutenant General Qassem Soleimani.
The CEO of the National Iranian Copper Industry Company (NICICO) has said that for a first time in the country’s history the sector is facing a higher demand than current supply and output levels despite a series of American sanctions that seek to stifle Iran’s lucrative trade of metals.
Iranian Foreign Minister Mohammad Javad Zarif said Washington's hostile policy of imposing sanctions is indicative of a “reckless addiction” that the White House has toward not only Iran but also other world nations.
The group behind Nord Stream 2 said it aimed to complete a pipeline to boost Russian gas supplies to Europe as soon as possible, after US sanctions prompted a major contractor to suspend pipe-laying activities.
Malaysian Prime Minister Mahathir Mohamad says Iran, Malaysia, Turkey and Qatar are considering using the gold dinar and barter trade as a way of protecting themselves against any future economic sanctions.
Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid US sanctions contained in legislation signed by US President Donald Trump.
Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and via barter trade as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said on Saturday.