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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U.S. President Donald Trump said on Wednesday he hoped the war against Iran was nearing its end, saying Tehran wanted to reach a deal as the c...
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U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
Uzbek President Shavkat Mirziyoyev held high-level talks in Seoul aimed at expanding South Korean investment, industrial cooperation and partnerships in technology, finance and infrastructure.
From new Asia-Europe trade routes to investment, energy and security cooperation, the Organization of Turkic States has grown far beyond its original focus on shared language and culture.
Central Asia and South Korea are targeting annual trade of $20 billion by 2030, almost double last year’s record of more than $10 billion, following a proposal at their first leaders’ summit in Seoul.
Representatives of the diplomatic corps accredited in Azerbaijan have concluded a two-day visit to Garabagh and Eastern Zangezur, touring key cultural, educational, economic and infrastructure sites in the region.
A skyscraper, a six-tower district, and a launch event timed to coincide with Georgian Dream's long campaign for warmer ties with the Trump administration — even as Washington has kept its distance.
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