04212019Sun

IMF

By Pooya Stone

The World Bank (WB) and the (IMF) released new reports, saying Iran’s GDP growth is worse than what they had predicted in their last forecasts.

In their new reports, the World Bank forecasts that Iran’s GDP growth is worse than what they had predicted in their last forecasts. They believe that GDP will shrink 3.8% in 2019, and the International Monetary Fund (IMF) has an even a worse forecast — 6% contraction.

Trump should end sanctions waivers on Iran oil

Iran Focus

London, 04 April - Donald Trump has until May 2 to decide whether to renew sanctions waivers given to eight importers of Iranian oil last November, but analysts warn that despite a promise to crush Iran’s funding, Trump will likely renew the waivers in order to stabilise global oil prices with the hope of ensuring re-election in 2020.

Oil Refinery in Iran

Iran Focus

London, 18 Mar - US President Trump must soon decide whether or not to end sanctions waivers granted to several nations. US officials have affirmed that the global oil market can withstand the removal of all Iranian crude exports this year.

Four officials who spoke on condition of anonymity say that with the current oil supply, along with the potential of the US and Saudis to ramp up production, “going to zero” could happen this year, without compromising affordable crude supplies.

Brian Hook, the special US envoy for Iran

Iran Focus

London, 04 April - Three of eight countries granted sanctions waivers by Washington last year so that they could continue importing oil from Iran have now cut their imports to zero, according to a US official on Tuesday.

Brian Hook, the special US envoy for Iran, said: “In November, we granted eight oil waivers to avoid a spike in the price of oil. I can confirm today three of those importers are now at zero.”

He did not say which nations had stopped.

Iran's Petrochemical

Iran Focus

London, 12 Mar - According to Iran’s 20-year development plan, the petrochemical industry will become the first-generation power sector in terms of the value of petrochemicals, and the production capacity of petrochemicals will reach $180 million by 2025, because Iran’s massive gas resources can be used to make low-cost petrochemical products.

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