Strait Talk

European Union will continue trade with Iran bypassing US sanctions

The United States has re-imposed sanctions on Iran - which forbids any US company or subsidiary from trading with the country. It also threatens to penalise international companies if they do business with the oil-rich nation. Iran is already starting to feel the economic squeeze - and has warned it may follow America's lead and withdraw from the nuclear peace process. In an effort to salvage the agreement - and secure lucrative business dealings - the European Union has come up with a plan to circumvent the stand-off. The EU says it will create a new financial mechanism to allow countries to continue trading with Iran - without breaching US sanctions. It's referred to as a "special purpose vehicle" and could act as a middle man or buffer between companies and Tehran. Guests: Bozkurt Aran Former Turkish Ambassador to Iran Borzou Daragahi Senior Fellow at the Atlantic Council

Can the EU combat US sanctions?

Can the EU combat US sanctions?

Exodus of firms from Iran as sanctions loom | Money Talks

Exodus of firms from Iran as sanctions loom | Money Talks

Iran set to exceed nuclear deal uranium enrichment cap

Iran set to exceed nuclear deal uranium enrichment cap

EU creates payment system to bypass US sanctions on Iran

EU creates payment system to bypass US sanctions on Iran

What Lies Ahead for the Future of US-Türkiye Ties in 2023?

What Lies Ahead for the Future of US-Türkiye Ties in 2023?

Why is Türkiye Keeping Sweden and Finland from Joining NATO?

Why is Türkiye Keeping Sweden and Finland from Joining NATO?

Can Ankara Arrange a Summit Between Kiev and Moscow in 2023?

Can Ankara Arrange a Summit Between Kiev and Moscow in 2023?

How Has Türkiye Played a Key Role Between Russia and Ukraine in 2022?

How Has Türkiye Played a Key Role Between Russia and Ukraine in 2022?

Violent PKK Vandalism in Paris Raise Questions on Europe’s Security

Violent PKK Vandalism in Paris Raise Questions on Europe’s Security

Türkiye's Relations With the Arab World See a Dramatic Turnaround in 2022

Türkiye's Relations With the Arab World See a Dramatic Turnaround in 2022

Türkiye Tests New Homegrown Missiles As It Pushes To Reduce Reliance on the US

Türkiye Tests New Homegrown Missiles As It Pushes To Reduce Reliance on the US

Türkiye’s President Calls for Turkmenistan To Be Energy Source for the West

Türkiye’s President Calls for Turkmenistan To Be Energy Source for the West

Türkiye’s President Calls for Turkmenistan To Be Energy Source for the West

Türkiye’s President Calls for Turkmenistan To Be Energy Source for the West

Turkish Airlines Sees Its Market Cap Fly Past Lufthansa

Turkish Airlines Sees Its Market Cap Fly Past Lufthansa

Is China Siding With Gulf Arab States Against Iran Over a Territorial Dispute?

Is China Siding With Gulf Arab States Against Iran Over a Territorial Dispute?

Did the US Remove the Last Hurdle For Türkiye to Buy F-16 Fighters Jets?

Did the US Remove the Last Hurdle For Türkiye to Buy F-16 Fighters Jets?

Show More