Iran seized a foreign oil tanker in the Persian Gulf, state television reported on Sunday, the third time Tehran has reported detaining a tanker in the last month as the United States applies its campaign of “maximum pressure,” sanctions and diplomatic isolation against the country.
The Trump administration imposed sanctions on Iranian Foreign Minister Mohammad Javad Zarif on Wednesday in a dramatic step bound to further escalate tensions with Tehran. A senior administration official said Zarif had acted more as a “propaganda minister” than a diplomat, and Secretary of State Mike Pompeo said Zarif was “complicit” in Iran’s support of terrorists, torture and other malign activity around the world.
Iran’s news media was filled with upbeat economic reports last week. Several tankers of oil had been exported to China, and the economy minister said tax collections were up 30 percent. Farm-raised shrimp production had expanded by 400 percent. “Summer is here!” one article exulted, and online vacation rentals in the country’s tourist spots were a potential growth market. But on the streets of Iran’s cities, as the United States’ “maximum pressure” sanctions took hold, the view was decidedly less sunny.
US President Donald Trump has said he is imposing hard-hitting new sanctions on Iran, including on the office of the country's Supreme Leader Ali Khamenei.Mr Trump said the additional sanctions were in response to the shooting down of a US drone and "many other things".Ayatollah Khamenei, Iran's highest authority, was singled out because he was "ultimately responsible for the hostile conduct of the regime".
Iran has made a dramatic shift in how it confronts the United States, abandoning a policy of restraint in recent weeks for a series of offensive actions aimed at pushing the White House to rethink its efforts at isolating Tehran, say diplomats and analysts. With the Trump administration tightening economic sanctions and intensifying military pressure, Iran is now seeking to highlight the costs it could also impose on the United States — for instance, by disrupting the world’s oil supply — without taking actions likely to trigger an all-out war.
Zimbabwe’s collapse under Robert Mugabe. The fall of the Soviet Union. Cuba’s disastrous unraveling in the 1990s. The crumbling of Venezuela’s economy has now outpaced them all. Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, economists say.
More than 40,000 people have died in Venezuela since 2017 as a result of U.S. sanctions, according to a new report by the Center for Economic and Policy Research co-authored by economists Jeffrey Sachs and Mark Weisbrot. The report examines how U.S. sanctions have reduced the availability of food and medicine in Venezuela and increased disease and mortality.
With the Trump administration moving ahead Monday with punishing new sanctions against Iran with the goal of completely halting the country's oil exports, Secretary of State Mike Pompeo reportedly joked about a secret White House plot to overthrow the Iranian government during a private meeting with Iranian-American "community leaders."
President Trump undercut his own Treasury Department on Friday by announcing that he was rolling back North Korea sanctions that it imposed just a day ago. The move, announced on Twitter, was a remarkable display of dissension within the Trump administration and represented a striking case of a White House intervening to reverse a major national security decision made only hours earlier by the president’s own officials.
To be a European company with links to Iran in the age of American sanctions can mean dealing with challenges that, every day, verge on the existential. Suppliers cut off their shipments with little warning. Phone lines get disconnected. Even having the elevators repaired can be an ordeal, with service contracts canceled.
The Democratic Coalition’s ongoing investigation just uncovered the following evidence linking GOP Senate Majority Leader Mitch McConnell (R-KY) to Russian oil money, some of which we first revealed in February 2017.McConnell recently voted to drop sanctions against Russian aluminum company RusAl which is still owned by one of Vladimir Putin’s sanctioned oligarchs, Oleg Deripaska. His action directly benefits one of the GOP leader’s major donors, whose fortune comes from Russian oil.
China’s flagship tech company Huawei is the first Chinese company to establish global dominance in a game-changing technology, namely 5G mobile broadband. Washington’s efforts to thwart Huawei’s rise simply are an after-the-fact charade by the US national security establishment to deflect blame for a catastrophic policy failure. With a wink and a nudge, the rest of the world will humor the United States, and continue to do business with the Chinese giant.
When the Trump administration announced last month that it was lifting sanctions against a trio of companies controlled by an influential Russian oligarch, it cast the move as tough on Russia and on the oligarch, arguing that he had to make painful concessions to get the sanctions lifted. But a binding confidential document signed by both sides suggests that the agreement the administration negotiated with the companies controlled by the oligarch, Oleg V. Deripaska, may have been less punitive than advertised.
At a meeting in Canada in July 2018, espionage chiefs from Australia, Canada, New Zealand, the U.K. and the U.S.—all signatories to a treaty on signals intelligence, and often referred to as the “Five Eyes”—agreed to do their best to contain the global growth of Chinese telecom Huawei, the Wall Street Journal reported on Friday, citing a prior report from the Australian Financial Review.
“People overseas often want to hear that you know so-and-so, and can make a call to solve their problem,” said Erich Ferrari, a leading Washington sanctions lawyer who said he has tried to disabuse prospective clients of such notions. It is a perception that matches up with the pay-to-play mind-set that defines politics in many parts of Africa, Asia, the Middle East and the former Soviet states.
Meng Wanzhou, the daughter of the company's founder, could face extradition to the US. She was arrested in Vancouver on 1 December, but the news was not made public at her request. The charges remain unknown but the US has been probing Huawei over possible violation of sanctions against Iran. China says her detention is possibly a rights abuse.
S. Secretary of State Mike Pompeo has said that it is in Iran's best interests to toe the line and listen to Washington or else its people will pay the price. Iran has vowed to fight back against Washington after the Trump administration reinstated on November 5 sanctions on Iran that were removed under the 2015 nuclear deal.
New U.S. sanctions on Iranian financial firms, including a bank that until recently handled most payments for Iran’s imports of humanitarian goods, are having a chilling effect on foreign companies that help supply medicine and other medical products, economic analysts say.
US Secretary of State Mike Pompeo had warned SWIFT that there would be “penalties applied” to firms that do not comply with the latest round of sanctions. Stuck between a rock and a hard place, SWIFT could now face EU penalties for siding with the US and violating its own Joint Comprehensive Plan of Action (JCPOA) laws prohibiting companies siding with sanctions.
The White House said it was "the toughest sanctions regime ever imposed on Iran" and targeted Iran's energy, shipping and banking sectors. However, eight countries will not be penalised by the US for continuing to import Iranian oil. President Donald Trump withdrew from the deal in May, describing it as "defective at its core".
President Trump on Tuesday condemned Saudi Arabia’s account of the killing of the journalist Jamal Khashoggi as “the worst cover-up ever,” and his administration warned for the first time that it would impose human rights sanctions on those who took part in the plot.
A high-profile investment summit in Riyadh later this month is rapidly becoming a fiasco as prominent businesses and media groups pulled out over Saudi Arabia’s alleged involvement in the disappearance and possible murder of the Washington Post journalist Jamal Khashoggi.
John Bolton, the hawkish US national security adviser, has threatened the international criminal court (ICC) with sanctions and made an excoriating attack on the institution in a speech in Washington. Bolton pushed for sanctions over an ICC investigation into alleged American war crimes in Afghanistan. He also announced on Monday the closure of the Palestine Liberation Organization (PLO) office in Washington because of its calls for an ICC inquiry into Israel.
The European Union has signaled that it may impose substantial fines on European firms that pull out of Iran deals over fear of Trump’s unilateral U.S. Treasury Department sanctions. It is likely that smaller European companies that trade with Iran but have no relationship with the U.S. will continue their relationship with the Islamic republic, using euros and non-U.S. banks. But large firms, such as French oil giant Total S.A. and Renault, have signaled that they will get out of Iran to avoid American fines.
Iranian President Hassan Rouhani has warned his US counterpart, Donald Trump, not to escalate tensions with his country, saying a confrontation with the Islamic republic would be the "mother of all wars".
You probably saw the news yesterday that just days before President Trump tweeted that he was intent on saving that sanctions-busting Chinese telecommunications company, China had agreed to loan $500 million to a major Trump-backed development in Indonesia
One of China’s most internationally successful technology suppliers, with about $17 billion in annual revenue, ZTE is facing a death sentence. The Commerce Department has blocked its access to American-made components until 2025, saying the company failed to punish employees who violated trade controls against Iran and North Korea.
Shortly after President Donald Trump was inaugurated last year, top Republican fundraiser Elliott Broidy offered Russian gas giant Novatek a $26 million lobbying plan aimed at removing the company from a U.S. sanctions list, according to documents obtained by The Intercept.
The White House has blown by an October 1 deadline for beginning to implement new sanctions targeting Russia, drawing concern in Congress that President Donald Trump is planning to ignore parts of a bill he grudgingly signed in August.
North Korea fired a ballistic missile over Japan on Friday, a bold test that defied the new sanctions resolution adopted by the United Nations Security Council earlier this week, as well as repeated warnings from around the world that the country should stop raising tensions
The United States punished Iran on Friday for launching a satellite-carrying rocket into space by hitting six Iranian entities with sanctions targeting the country’s ballistic missiles program. The sanctions hit six Iranian subsidiaries of the Shahid Hemmat Industrial Group, described by the Treasury Department as “central” to Iran’s ballistic missiles program. Treasury Secretary Steven Mnuchin cast the sanctions as part of an ongoing U.S. effort to aggressively oppose Iran’s ballistic missile activity, including what he called a “provocative space launch” carried out by the Islamic Republic on Thursday.
Russia has ordered America to cut the number of diplomatic staff it has in the country and has seized a dacha compound and warehouse used by US officials in retaliation for new sanctions against Moscow. Embassy staff must leave the country by 1 September, the Foreign Ministry said in a statement, in a move triggered by the US Senate’s near unanimous vote to slap new sanctions on Russia, further hurting its fragile economy.The number of American diplomats in Russia will fall to 455 under the plan Reuters
Mohammad Javad Zarif, the foreign minister of Iran, charged on Tuesday that the Trump administration’s attempt to reimpose sanctions on his country was a violation of the accord signed two years ago that sharply limited Iran’s ability to produce nuclear material in return for its reintegration into the world economy. “It is not clear what the administration is trying to do,” said Mr. Zarif, the urbane, American-educated diplomat who negotiated the agreement with John Kerry, then the American secretary of state.
As has been previously reported, President Obama and others in the administration were deeply wary of creating the impression that responses to Russia’s actions were motivated by a desire to aid Hillary Clinton’s election. The administration assumed that a highly likely Clinton victory in November would give the new administration ample time to pursue aggressive counteraction. Trump’s election, of course, upended things:
Senators have struck a deal to put a comprehensive Russia sanctions bill on the floor this week, according to those negotiating the legislation. The measure, which will be attached to a bill to stiffen Iran sanctions that is under consideration, incorporates proposals to codify existing Russia sanctions, introduce punitive measures against Moscow in light of Russia’s aggressive activities in Ukraine, introduce measures addressing Syria and the realm of cyberhacking, and give Congress the power to review efforts by the administration to scale back sanctions against Russia before they can go through.
The Trump administration signaled on Wednesday that it would not, for now, jettison the Iran nuclear deal, despite the president’s harsh criticisms of the agreement during the campaign. But while acknowledging that the deal would remain in place, the administration imposed modest new sanctions against several Iranian individuals and four other organizations, including a China-based network that supplied missile-related items to a key Iranian defense entity. This statement on Iran came two days before Iranian elections, and just ahead of Mr. Trump’s first overseas trip as president.
Exxon Mobil is pursuing a waiver from Treasury Department sanctions on Russia so it may drill in the Black Sea in a venture with the Russian state oil company Rosneft, a former State Department official said Wednesday. An oil industry official confirmed the account. The waiver application was made under the Obama administration, the officials said, speaking on condition of anonymity, and the company has not dropped the proposal.
The US Treasury Department announced the measures against 13 people and a dozen companies on Friday. President Donald Trump tweeted earlier: "Iran is playing with fire - they don't appreciate how 'kind' President Obama was to them. Not me!" But Iran has said it will not yield to "useless" American threats from "an inexperienced person".
Donald Trump's government has loosened sanctions imposed by Barack Obama on Russia's Federal Security Service, that would make it easier for US companies to do business with the intelligence agency. The FSB was the only Russian intelligence entity named in the amendment announced Thursday, leaving much of the emergency action taken by Mr Obama intact.