INSTEX Worthless Without Oil Import
The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
“Without oil deal, it’s very …
The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
“Without oil deal, it’s very clear, INSTEX will not work,” Bijan Namdar...