The United States has imposed sanctions on 22 entities linked to a transnational network engaged in illicit oil trade on behalf of the Iranian regime.
The U.S. Department of State annonuced that Iran's “Shadow Banking” network had operated through foreign front companies to move funds that "support the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), finance Tehran’s destabilizing activities and campaigns of terror, and advance its ballistic missile programs—actions that threaten international peace and security."
"Iran uses front companies based in Hong Kong, United Arab Emirates, and Türkiye as part of this network to help sanctioned Iranian government entities generate revenue from the sale of petroleum and other commodities subject to U.S. sanctions," the Department of State said and added that the United States would continue to deny Iran access to financial networks and the global banking system as long as Iran continues its destabilizing activities.
According to the Department of the Treasury’s Office of Foreign Assets Control, the IRGC-QF primarily leverages front companies outside of Iran, which use offshore accounts to transfer hundreds of millions of dollars in profits derived from Iranian oil sales to circumvent sanctions and funnel funds toward IRGC-QF terrorist activities.
Refineries purchasing Iranian oil, transfer payments to these front companies, which then move the funds to other front company accounts also controlled by the IRGC-QF.
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Unity between Europe and the United States is key to supporting Ukraine, French President Emmanuel Macron said on Friday, adding that there is "no mistrust."
The United States plans to extend its travel ban to over 30 countries, U.S. Homeland Security Secretary Kristi Noem announced on Thursday.
The United States and Central Asian countries have expressed interest inn new opportunities arising from the Trump Route for International Peace and Prosperity (TRIPP).
Russian President Vladimir Putin said in an interview published on Thursday (4 December) that Russia would take full control of Ukraine’s Donbas region either by military or other means.
For nearly three decades following the dissolution of the Soviet Union, the international system was defined by a singular, overwhelming reality: American unipolarity.
Chinese scientists have unveiled a new gene-editing therapy that they say could lead to a functional cure for HIV, making it one of the most promising developments in decades of global research.
Faced with mounting public outrage following one of the deadliest environmental disasters in the nation’s recent history, the Indonesian government has pledged to investigate and potentially shut down mining operations found to have contributed to the catastrophic flooding on Sumatra.
Israel was cleared on Thursday to participate in the 2026 Eurovision Song Contest, a decision made by the organisers, the European Broadcasting Union (EBU), which sparked a major controversy.
Britain’s King Charles III welcomed German President Frank-Walter Steinmeier on Wednesday, marking the beginning of his three-day state visit to the United Kingdom. The visit, the first by a German President to the UK in 27 years, comes as the two countries continue to strengthen ties post-Brexit.
Azerbaijani delegation's stunning cultural performance has received widespread acclaim at the event marking the 54th anniversary of the United Arab Emirates held in Abu Dhabi.
Azerbaijan cannot yet provide a timeline for the large-scale return of internally displaced persons (IDPs) due to extensive landmine contamination in former conflict zones, the country’s presidential representative on special assignments, Elchin Amirbayov, said on Thursday.
German Chancellor Friedrich Merz has made a call to Azerbaijani President Ilham Aliyev to discuss the development prospects of bilateral relations between Azerbaijan and Germany.
Georgian Foreign Minister Maka Bochorishvili is participating in the 32nd OSCE Ministerial Council holding from 3rd to 5th December in Vienna.
OSCE Chairperson-in-Office, Minister of Foreign Affairs of Finland, Elina Valtonen told the press that "the end of the conflict between Azerbaijan and Armenia is a highly successful example that fosters optimism throughout the entire OSCE region," on Thursday (4 December).
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