Iran / by Alistair Galloway

The United Kingdom (UK) restored diplomatic relations with Iran by appointing an ambassador to Tehran. Iranian Vice President Eshaq Jahangiri expressed concerns over the implementation of the nuclear deal, stating that Iran has fully complied with its agreements and the West has failed to deliver on its promises. The head of Iran’s Atomic Energy Organisation, Ali Akbar Salehi, said that in order for the nuclear deal to remain in effect both side have to fulfill their commitments. Former President Ahmadinejad released a statement saying that he will not make a presidential comeback bid in next year’s election. The German Economy Minister Sigmar Gabriel will discuss Iran’s role in war in Syria and Iran’s human rights record on his upcoming visit to Tehran. The Vice Chancellor is also leading a large delegation of business executives to Iran to discuss potential business deals. Thousands of Iranians marched through the streets to protest against Saudi Arabia before the annual Hajj pilgrimage. Iranians will not be taking part in this year’s Hajj due to tensions between Sunni Saudi Arabia and Shia Iran. United States (US) resident Nazir Zakka was sentenced to 10 years in jail over allegations of espionage and fined $4.2 million after being detained for one year in Iran. The Organisation of Petroleum Exporting Countries (OPEC) member states struck a deal to limit crude output in an effort to raise prices worldwide. Iran has decided to decrease output by 700,000 barrels per day. French carmaker PSA Peugeot Citroen plans to sell over 150,000 vehicles in Iran in the remainder of 2016 with a target of over 300,000 sales in 2017. French carmaker Renault signed a deal with Iran to enter into a new joint venture which involves a new manufacturing plant with the capacity to produce 150,000 vehicles per year. Iran urged the US to remove the remaining obstacles to the country’s purchase of passenger planes. Critics in the US Congress argue that Iran could potentially use passenger jets for military purposes such as to battle United States troops in Syria or potentially transfer aircrafts to airlines in Iran still subject to sanctioning by the United States.

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