European Union leaders have agreed on a landmark embargo of Russian oil that will seek to slash imports by 90 percent by the end of the year. That is bad news for Iran.
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All tagged UAE
European Union leaders have agreed on a landmark embargo of Russian oil that will seek to slash imports by 90 percent by the end of the year. That is bad news for Iran.
Reports indicate that the “final hurdle” facing the Iran nuclear negotiations is Iran’s demand for the removal of the Foreign Terrorist Organisation designation placed on the Islamic Revolutionary Guard Corps, part of Iran’s armed forces.
Iran’s Arab neighbours have acknowledged that they can benefit from JCPOA-related sanctions relief, suggesting that regional diplomacy underway has reinforced trust in the nuclear talks.
◢ Most experts focus on growing antagonism between Iran and its Arab neighbors as a risk to regional prosperity.
◢ However, Iran’s large consumer-driven economy and some early success stories suggest that many GCC companies are actually very well positioned to transfer their knowhow to the Iranian marketplace.
