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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The U.S. government has shut down after Congress failed to approve funding. Non-essential services are on hold, thousands of federal workers are left unpaid, and both parties blame each other for the deadlock.
President Donald Trump on Tuesday announced a landmark agreement with Pfizer to offer significant discounts on a range of prescription medications in the United States.
The Organization of Petroleum exporting countries OPEC+ is likely to consider a larger oil production increase of 411,000 barrels per day for November at its meeting next Sunday as rising oil prices encourage the group to try to regain more market share, said sources familiar with the talks.
The United States is deporting around 100 Iranians back to Iran, the New York Times reported on Tuesday, citing two senior Iranian officials involved in the negotiations and a U.S. official with knowledge of the plans.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Kazakhstan has unveiled plans to create a specialised research University for artificial intelligence while also providing digital skills training for up to one million citizens over the next five years.
The 12th Türkiye Innovation Week (TIW25) in Istanbul is preparing to contribute to the country’s goal of becoming a leader in innovation.
Galatasaray claimed a 1-0 win over English side Liverpool in the second round of the UEFA Champions League.
On 30 September, President of the Republic of Azerbaijan Ilham Aliyev and President of the Italian Republic Sergio Mattarella delivered statements to the press in Baku.
Azerbaijan and the United States held talks in Baku on Tuesday to advance their strategic partnership and address regional security, according to the Azerbaijani Foreign Ministry.
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