Featured Iran

U.S. imposes fresh Iran-related sanctions despite coronavirus

The United States blacklisted five Iran- and Iraq-based companies and 15 individuals on Thursday for supporting terrorist groups, its third round of sanctions on Iranian targets in the last two weeks even as Tehran battles the coronavirus outbreak. In a statement, the U.S. Treasury Department accused those targeted of supporting… Read More

8 countries under unilateral sanctions ask UN chief for help

AP — Eight countries under unilateral sanctions, mainly from the United States and European Union, urged U.N. Secretary-General Antonio Guterres on Thursday to request the immediate and complete lifting of those measures to enable the nations to respond to the coronavirus pandemic. In a joint letter obtained by The Associated Press,… Read More

Malta’s Pilatus Bank was a ‘money transfer operation’

Pilatus Bank was a “money transfer operation” rather than an ordinary bank providing investment corporate and retail services to high net individuals, according to the bank’s administrator Lawrence Connell. The former US financial regulator reached his conclusion in his first six-month report covering up to August 2018, which was only… Read More
24th March 2020
AP — From Caracas to Tehran, officials are calling on the Trump administration to ease crippling economic sanctions they contend are contributing to the growing death toll caused by the coronavirus pandemic. The idea has gained support from prominent leftists in the U.S., including Democratic presidential candidate Bernie Sanders, who… Read More
20th March 2020
The Trump administration this week sent a stark message to Iran in three new rounds of sanctions: The U.S. won’t ease its economic pressure campaign even as the coronavirus pandemic batters the country. The Trump administration, amid growing calls to ease its sanctions campaign, said it has no plans… Read More
19th March 2020
The UK is privately pressing the US to ease sanctions on Iran to help it fight the growing coronavirus outbreak. Official figures published by the Iranian health ministry on Wednesday said 1,135 have so far died in Iran and 17,361 have been infected. A total of 147 were recorded… Read More
18th March 2020
The U.S. blacklisted the new leader of Islamic State as a specially designated global terrorist, the State Department said Tuesday. The designation of Amir Muhammad Sa’id Abdal-Rahman al-Mawla comes as the U.S. continues to add pressure on ISIS, which the U.S. has designated as a foreign terrorist organization. Efforts to… Read More
18th March 2020
Embattled lender Metro Bank has been hit with a fresh lawsuit by a group of Iranian customers who say their accounts were unfairly suspended without notice or explanation. The group of 17 claimants, who are expected to seek at least £1.5m in damages, include dual British-Iranian citizens, Iranian citizens… Read More
11th March 2020
At least a quarter of Iran’s oil rigs are out of action as U.S. sanctions strangle the Islamic Republic’s vital oil industry, according to a Reuters review of financial documents and industry sources, dealing a potentially long-term blow to its oil industry. The lack of rig activity could damage the… Read More
10th March 2020
Malaysia’s top lender Malayan Banking Bhd (Maybank) is offering its Iranian customers debit cards to use locally for ringgit transactions, a relief for them after other banks threatened to close their accounts. Last year, Malaysia’s CIMB Group Holdings and RHB Bank sent closure notices to many Iranian clients, a sign… Read More
6th March 2020
A contract signed between Iran and Venezuela in 2006 for the development of a 12,000 housing project in Zulia state was presented at the second hearing of the trial of Pilatus Bank owner Ali Sadr Hasheminejad. The 39-year-old banker, whose bank in Malta ran bank accounts for members of the… Read More
3rd March 2020
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. Two Huawei packing lists, dated December 2010, included computer equipment made by Hewlett-Packard… Read More
28th February 2020
The U.S. and Switzerland formally launched a humanitarian trade channel for Iran on Thursday, a move meant to counter criticism of Washington’s economic pressure campaign while opening the way for the release of Americans detained by Tehran. The humanitarian link allows international firms to trade in goods such as… Read More