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
27th February 2020
An air transport communications company has agreed to pay $7.8 million to settle allegations it did business with airlines that the U.S. had placed on a terrorist blacklist. Société Internationale de Télécommunications Aéronautiques SCRL, a private Swiss company, provided commercial services and software to airlines based in Iran, Syria and… Read More