The United States Treasury Department of Foreign Assets Control Office (OFAC) said in a statement that Bank Mellat and Mehr Eqtesad Bank, one of the leading banks in Iran, were added to the sanctions list. OFAC, imposing sanctions against the...

Prior to that, Japan had explained that it would stop banking transactions with all financial institutions connected with Iran. Japan is preparing to end oil imports from Iran in about 3 months. According to the Nikkei Asian Review published in...

The first responseto the United States to the ‘definitive’ call of relations to its allies under sanctions imposed on Iran came from Japan. Japanese banks will abide by the call of the United States and will end their banking transactions...

Analysis US President Donald Trump officially announced his withdrawal from the nuclear deal with Iran. The content of the decision followed by the whole world was harder than expected. Turmp announced that all existing embargoes and sanctions will come back...