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.
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Migration isn’t driven only by politics or social issues. In the era of climate change, the environment itself is becoming a reason to leave home....
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladi...
Two U.S. Army soldiers and a U.S. civilian interpreter were killed, and three other service members wounded after an ISIS gunman ambushed a joint U.S.-Syrian patrol near Palmyra in central Syria, Pentagon officials said.Pentagon officials said. Pentagon spokesman Sean Parnell said the attack occurre
The Israeli military said Raed Saed, described as one of the architects of the October 7, 2023 attacks on Israel, was killed on Saturday when a vehicle was hit in Gaza City.
Belarus has released 123 prisoners, including opposition leader Maria Kalesnikava and Nobel Peace Prize laureate Ales Bialiatski, following an agreement with the United States to ease sanctions on the country’s potash exports.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Six Bangladeshi peacekeepers were killed and eight others injured in an attack on a United Nations base in Abyei, the Bangladesh Army said, as security conditions in the disputed region remain unstable.
Belarus has released 123 prisoners, including opposition leader Maria Kalesnikava and Nobel Peace Prize laureate Ales Bialiatski, following an agreement with the United States to ease sanctions on the country’s potash exports.
Migration isn’t driven only by politics or social issues. In the era of climate change, the environment itself is becoming a reason to leave home.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Two U.S. Army soldiers and a U.S. civilian interpreter were killed, and three other service members wounded after an ISIS gunman ambushed a joint U.S.-Syrian patrol near Palmyra in central Syria, Pentagon officials said.Pentagon officials said. Pentagon spokesman Sean Parnell said the attack occurre
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