EU poised to suspend some sanctions on Iran

BRUSSELS: Sometime between breakfast and lunchtime Monday, a message will arrive in Belgium's capital that should set in motion an international diplomatic machine, affect billions of dollars blocked in banks and have repercussions from US college campuses to oil tankers on the seas.

US urges EU action to overcome Iran sanctions court appeals

BRUSSELS: The United States is concerned Iranian appeals to European courts could loosen sanctions against Tehran, said a State Department official on Monday who urged the EU to urgently find a way to allow judges to examine secret intelligence evidence.

Iran government likely to win battle of wills over currency

DUBAI: A battle of wills between Iran's government and foreign exchange traders may end with authorities taking over all legal trade in the rial, leaving many Iranians to seek hard currency illegally in a poorly supplied black market.

Iran's rial hits an all-time-low against the US dollar

Iran's currency, the rial, fell as much as 18% on Monday to a record low against the US dollar, according to media reports.

Years of US fines over Iran loom for foreign banks like Deutsche Bank, Intesa San Paolo

LONDON/FRANKFURT: For years, the United States struggled to get foreign bankers to comply with its effort to throttle Iran's economy - but a couple of billion dollars in fines, not to mention lurid headlines and talk of jail time, has suddenly got their attention.