The Commerce Department scrambled yesterday to issue what Reuters described as “a rare emergency order” designed to block a Turkish-based company from illegally passing along two U.S.-built commercial jet engines to Iran’s Pouya airline. The broad order – which names multiple companies and would impose crippling consequences for any violations – comes amid...

Bahrain’s chief prosecutor has formally accused the Iranian military of training opposition fighters to conduct attacks inside the Gulf kingdom, after Manama announced earlier this week that it had seized a boat trying to smuggle explosives from Iran and Syria into the country. Chief prosecutor Osama al-Oufi said the intelligence service reported...

Analysis published last Friday in the National Post piles on doubts regarding the Obama administration’s figures for the immediate sanctions relief that the Joint Plan of Action (JPA) provides to Iran. The administration has insisted that the relief being provided to the Islamic republic will amount to roughly $7 billion,...

Der Spiegel yesterday published analysis – headlined in part “International Investors Flock to Tehran” – describing a scramble by companies and nations to re-enter Iran’s market in anticipation of the removal of sanctions. The paper quoted Daniel Bernbeck, head of the German-Iranian Chamber of Industry and Commerce in Tehran, characterizing the financial...

A new oil contract being negotiated between China and Iran, which would see the Chinese state-trader Zhuhai Zhenrong Corp purchase light crude from Tehran, could according to Reuters boost imports from the Islamic republic “to levels not seen since tough Western sanctions were imposed in 2012,” in the process undermining Western efforts...

Iran is constructing what the Associated Press describes as ‘a new generation of centrifuges’ able to enrich uranium at a faster pace, potentially shortening the amount of time it would take Tehran to convert its enriched nuclear stockpile to weapons-grade purity, per statements made by Iranian nuclear chief Ali Akbar Salehi and...