You count on us for fact-based, trustworthy coverage of the Middle East.
We're an independent, ad-free, non-profit news agency.
We're counting on your support now to sustain our operations.

Please make your gift today as we have a most generous matching 2:1 grant.
Thank you!

Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today as we have a most generous matching 2:1 grant.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Switzerland Introduces Mechanism for Humanitarian Trade with Iran
A demonstrator holds a mock-up of a nuclear missile with the lettering 'No nuke to the mullahs' , (Photo: Joe Klamar/AFP/Getty Images)

Switzerland Introduces Mechanism for Humanitarian Trade with Iran

Switzerland has introduced a new payment mechanism – the Swiss Humanitarian Trade Arrangement – that allows aid to be sent to Iran without violating US economic sanctions. According to officials in Bern, under the agreement the US Treasury Department will provide Swiss banks and corporations “with the necessary assurances that financial transactions can be processed in accordance with US legislation.” While humanitarian supplies are exempt from the American sanctions, Iran is nevertheless experiencing a shortfall in various foods, medicines and health-related equipment as banks have been weary of doing any business with the Islamic Republic that might invite scrutiny. The remaining parties to the 2015 nuclear deal – Britain, France, Germany, Russia and China – are concurrently attempting to entice Iran to return to complying with the accord by devising methods to circumvent the sanctions, which were re-imposed by President Donald Trump after he withdrew Washington from the pact nearly two years ago. One potential financial tool repeatedly discussed is known as INSTEX – a complex barter system that would allow for continued non-dollar trade with Iran that the Europeans have been promising to implement for over a year.

Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today as we have a most generous matching 2:1 grant.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.