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The US is to allow Iran to use frozen funds to pay for exports shipped before sanctions were imposed before the previous administration.
Talks between South Korea and Iran have taken place, regarding the unfreezing of frozen Iranian assets, and the resumption of oil trade.
OPEC+ will work to integrate Iran into its oil supply-limiting accord should agreement be reached on reviving its nuclear deal with world powers
The announcement comes more than a week after South Korea sent top diplomats to Vienna for talks with US negotiators working to revive the 2015 Iran nuclear deal.
Over 151,000 Iraqi citizens acquired US currency at the official rate for travel but never left the country, the investigation revealed.
Iraq is looking to reduce its dependency on Iranian gas because the process is complicated by US sanctions.
Iran's gas export revenue reached nearly $4 billion between March to July, despite US sanctions hindering Iranian access to technology and slowing the development of gas exports
![Ebrahim Raisi will be inaugurated as Iran's new president on Tuesday [Getty]](/sites/default/files/styles/large_16_9/public/2021-08/GettyImages-1233581369.jpg?h=199d8c1f&itok=jj1ONfDG)
'The members of this forum should not recognise those sanctions...(because) in today's world we see that the sanctions are not going to be effective,' Iranian President Ebrahim Raisi said.
Afghanistan's economy is set to shrink up to 30 percent this year and this is likely to further fuel a refugee crisis that will impact neighbouring countries