Iran Oil Flows to China Fall on Sanctions

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil fuel importer.

Iran-Backed Militias Turn to Visa and Mastercard

Iraq was a minor market for Visa and Mastercard a couple of years ago, generating just $50 million a month or less in cross-border transactions at the start of 2023. Then it exploded to around $1.5 billion ...