Featured Iran

Settlement Talks for Bank Followed Pressure on Trump by Turkey’s Leader

After repeated appeals to President Trump by Turkey’s president to avoid charges against a state-owned Turkish bank, Attorney General William P. Barr oversaw an effort earlier this year to negotiate a settlement with the bank, two people with knowledge of the matter said. The settlement push abruptly ended on Tuesday… Read More

Halkbank Charged in U.S. Indictment With Fraud, Laundering

U.S. prosecutors filed criminal charges against Turkey’s Halkbank, accusing it of fraud, money laundering and violating U.S. sanctions against Iran, in a case that Turkish President Recep Erdogan had pressed both President Donald Trump and President Barack Obama to dismiss. Read More

Trump hits Turkey with sanctions, calls for ceasefire

US President Donald Trump on Monday imposed sanctions on Turkey over Ankara’s military operation in northeast Syria, and called for an immediate ceasefire. Turkey launched the cross-border assault on Kurdish fighters last Wednesday after Trump withdrew some US troops from the region, drawing sharp criticism from fellow… Read More
14th October 2019
U.S. prosecutors were bearing down last year on a state-owned Turkish bank implicated in a sanctions case that had long been an irritant for Turkish President Recep Tayyip Erdogan. Erdogan asked both the Obama and Trump administrations to drop the matter. Rudy Giuliani got involved, mounting an… Read More
10th October 2019
President Donald Trump pressed then-Secretary of State Rex Tillerson to help persuade the Justice Department to drop a criminal case against an Iranian-Turkish gold trader who was a client of Rudy Giuliani, according to three people familiar with the 2017 meeting in the Oval Office. Tillerson refused, arguing it would… Read More
9th October 2019
Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies. Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese ports after being transferred in the South China… Read More
7th October 2019
AP — The conflict between Iran and the U.S. that has created tensions throughout much of the Middle East is now also being felt in Lebanon, where Washington has slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies, further deepening the tiny Arab country’s… Read More
4th October 2019
Britain used a third country to avoid US sanctions as it paid an Iranian bank a settlement in a £1.25 billion damages case, The Times has learnt. Bank Mellat, in which the Iranian government owns a 17 per cent stake, sued the government over British sanctions imposed in 2009 that… Read More
26th September 2019
Global oil shipping was thrown into disarray after the U.S. imposed penalties on a handful of Chinese tanker firms for continuing to carry Iranian crude after sanctions waivers lapsed in May. Four shipping companies were charged with knowingly violating restrictions on handling and transacting Iranian petroleum, with additional sanctions… Read More
24th September 2019
The United States on Friday imposed another round of sanctions on Tehran, including on Iran’s central bank and a development fund, following last week’s attacks on oil facilities in Saudi Arabia that Riyadh and U.S. officials have blamed on Iran. President Donald Trump outlined the action to reporters at the… Read More
20th September 2019
The parliamentary foreign affairs commission on Tuesday approved a draft resolution supporting Belgium’s membership of INSTEX, the European special purpose company that is required to allow trade with Iran despite American sanctions. In 2015, an agreement was reached between Iran and the five members of the UN Security Council as… Read More
19th September 2019
Just days after declaring the United States was “locked and loaded” in response to a suspected Iranian attack on key Saudi Arabian oil facilities, U.S. President Donald Trump on Wednesday said that he directed the Treasury Department to “substantially increase” sanctions on Iran. That raises several questions: What is left… Read More
11th September 2019
The United States on Tuesday announced sanctions on a “wide range of terrorists and their supporters,” including the Palestinian group Hamas and Iran’s Islamic Revolutionary Guards Corps, on the eve of the 18th anniversary of the Sept. 11 attacks. The targets include 15 leaders, individuals and entities affiliated with groups… Read More