BAKU, Azerbaijan, April 28. Iran’s Trade
Promotion Organization (TPO) has imposed a ban on the export of
steel products starting from April 26, Trend reports.
The Organization has sent a letter regarding the decision to the
Iranian Customs Administration (IRICA). Iran’s steel production
capacity stands at around 40 million tons per year.
The move comes amid escalating regional tensions, during which
several steel factories in Iran were reportedly struck and
seriously damaged in air attacks attributed to the United States
and Israel.
Meanwhile, as no tangible progress was made in the nuclear
negotiations between the U.S. and Iran, the situation escalated on
February 28, when the United States and Israel launched military
airstrikes against Iran. In retaliation, Iran initiated missile and
drone strikes targeting Israeli and U.S. installations in the
region. Following these developments, a two-week ceasefire
agreement was brokered on April 7 through Pakistan's mediation.
However, during subsequent talks between the U.S. and Iran in
Islamabad on April 11, no consensus was reached.
On April 21, U.S. President Donald Trump stated that he extended
the ceasefire until Iran submits its proposal and discussions are
concluded, one way or the other.
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