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EU Launches INSTEX To Facilitate Trade, Bypass US Sanctions on Iran

    EU Launches INSTEX To Facilitate Trade, Bypass US Sanctions on Iran

In a move sure to unleash fury from the Trump administration, the European Union has announced it has set up a transactions channel with Iran to bypass U.S. sanctions. The launch of INSTEX — or “Instrument in Support of Trade Exchanges” — by France, Germany, and the UK will allow non-dollar trade with Iran and is being described as…

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The Long-term Consequences of Trump’s Campaign Against Iran

    The Long-term Consequences of Trump’s Campaign Against Iran

The next step in the Trump administration’s “maximum pressure” campaign against Iran comes this Sunday, Nov. 4, when the most severe sanctions will be imposed on the Islamic Republic. Crucially, they apply not only to Iran but to anyone who continues to do business with it. It’s not yet clear how disruptive this move will…

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Bolton: US Will Be “Aggressive and Unwavering” on Iran Sanctions

    Bolton: US Will Be “Aggressive and Unwavering” on Iran Sanctions

White House national security adviser John Bolton on Tuesday dismissed an EU plan for a special payments plan to circumvent US sanctions against Iranian oil sales and pressed the SWIFT global payments messaging system to rethink dealing with Tehran, Reuters reports. Speaking at a conference, Bolton also said the United States would be “aggressive and unwavering” in…

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