The U.S. Treasury Department has imposed sanctions on more than 30 individuals and entities tied to a massive Iranian shadow banking network accused of laundering billions of dollars to benefit the regime in Tehran.
The sanctions target figures linked to Iranian brothers Mansour, Nasser, and Fazlolah Zarringhalam. According to the Treasury’s Office of Foreign Assets Control (OFAC), the trio operated through Iranian exchange houses and dozens of front companies—mainly based in Hong Kong and the UAE—to funnel funds from Iran’s oil and petrochemical sales into the international financial system.
The scheme helped Iran evade sanctions, fund its nuclear and missile programs, and support proxy groups across the region.
“Iran’s shadow banking system is a lifeline for the regime,” said Treasury Secretary Scott Bessent. “We will keep targeting these critical networks that enrich elites and fuel corruption at the people’s expense.”
This marks the first round of sanctions targeting Iran’s shadow banking infrastructure since President Trump’s National Security Presidential Memorandum 2 revived the U.S. “maximum pressure” campaign on Tehran.
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
After nearly a decade of talks, Indonesia and the European Union aim to finalize a free trade deal by the end of June.
Tensions are rising along the Thailand–Cambodia border as both nations reinforce their military presence following a deadly skirmish and failed de-escalation talks.
Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
China's Foreign Minister Wang Yi is scheduled to participate in the Ministerial Meeting of Coordinators on the Implementation of the Follow-up Actions of the Forum on China-Africa Cooperation (FOCAC) and the opening ceremony of the Fourth China-Africa Economic and Trade Expo.
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
After nearly a decade of talks, Indonesia and the European Union aim to finalize a free trade deal by the end of June.
Iranian Ambassador to Moscow Kazem Jalali and Dmitry Bakanov, CEO of the Russian state space corporation Roscosmos, met on Friday to discuss expanding space cooperation, including the joint production of satellites.
Tensions are rising along the Thailand–Cambodia border as both nations reinforce their military presence following a deadly skirmish and failed de-escalation talks.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
China's Foreign Minister Wang Yi is scheduled to participate in the Ministerial Meeting of Coordinators on the Implementation of the Follow-up Actions of the Forum on China-Africa Cooperation (FOCAC) and the opening ceremony of the Fourth China-Africa Economic and Trade Expo.
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
After nearly a decade of talks, Indonesia and the European Union aim to finalize a free trade deal by the end of June.
Iranian Ambassador to Moscow Kazem Jalali and Dmitry Bakanov, CEO of the Russian state space corporation Roscosmos, met on Friday to discuss expanding space cooperation, including the joint production of satellites.
Tensions are rising along the Thailand–Cambodia border as both nations reinforce their military presence following a deadly skirmish and failed de-escalation talks.
China's Foreign Minister Wang Yi is scheduled to participate in the Ministerial Meeting of Coordinators on the Implementation of the Follow-up Actions of the Forum on China-Africa Cooperation (FOCAC) and the opening ceremony of the Fourth China-Africa Economic and Trade Expo.
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
After nearly a decade of talks, Indonesia and the European Union aim to finalize a free trade deal by the end of June.
Iranian Ambassador to Moscow Kazem Jalali and Dmitry Bakanov, CEO of the Russian state space corporation Roscosmos, met on Friday to discuss expanding space cooperation, including the joint production of satellites.
Tensions are rising along the Thailand–Cambodia border as both nations reinforce their military presence following a deadly skirmish and failed de-escalation talks.
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