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
10th September 2019
When Lafarge, one of the world’s leading producers of building materials, acquired a cement plant in the north Syrian town of Jalabiya in 2007, it was with the hope of expanding into the Middle Eastern markets. The French company—which became LafargeHolcim after merging with a Swiss firm in 2015—spent over… Read More
10th September 2019
While one Iranian tanker is attracting global attention, serious oil watchers remain absorbed by a bigger mystery: the hunt for the rest of Iran’s fleet. The quest has led to ever more inventive methods of tracking ships, and divergent views on the amounts of crude secretly slipping into world… Read More
9th September 2019
On a scorching June day, a senior U.S. official arrived in the United Arab Emirates with a clear message: The Trump administration intended to tighten the screws on Iran through sanctions targeting its oil sales. “We are going to increase our sanctions on Iran and continue our foreign policy,” Brian… Read More
5th September 2019
The Trump administration on Wednesday imposed sanctions on an elaborate shipping network that Iran uses to sell oil, and unveiled a $15 million reward to anyone with information that disrupts the scheme, stepping up its effort to exert pressure on the Iranian economy. The sanctions were the latest in a… Read More
5th September 2019
A European trade mechanism to barter humanitarian and food goods with Iran will not work until Tehran sets up a mirror company and meets international standards against money-laundering and terrorism financing, a French diplomatic source said. Britain, France and Germany, parties to a 2015 nuclear deal with Iran along with… Read More
4th September 2019
The U.S. sanctioned the Iran Space Agency and two affiliated research groups on Tuesday, accusing them of advancing Tehran’s missile programs, following a tweet in which President Donald Trump appeared to mock the failure of an Iranian rocket launch. The Treasury Department’s… Read More
4th September 2019
AP — An Iranian oil tanker blacklisted and pursued by the U.S. turned off its tracking beacon off the coast of Syria, leading to renewed speculation Tuesday that its oil will end up there, despite earlier assurances it wouldn’t. The disappearance of the Adrian Darya 1, formerly known as the… Read More
3rd September 2019
A senior Iranian delegation arrived in Paris on Monday to work out the details of a financial bailout package that France’s president, Emmanuel Macron, intends to use to compensate Iran for oil sales lost to American sanctions. In return for the money, Iran would agree to return to compliance with… Read More
3rd September 2019
While U.S. sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show. Sanctions have barely affected Iran’s exports of oil products, primarily fuel… Read More