A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling Iranian crude, seven sources with knowledge of the deals told Reuters.
Two US representatives, Republican James French Hill and Democrat Al Lawson, Thursday reintroduced a bipartisan bill which will require the Department of Treasury to brief Congress on how the funds used by Iranian leaders are acquired and used.
On Thursday, a Danish court upheld a seven-year prison sentence for a Norwegian of Iranian origin for espionage and complicity in a failed plot to kill an Arab-Iranian opposition figure in Denmark.
On Sunday, the Iranian army unveiled its new “Damavand” long-range air defense system, during its Army Day. The army said that the new system is able to intercept and destroy different types of aircraft, ballistic missiles, and cruise missiles.
The commander of the Iranian Air Force, Brigadier General Yousef Qorbani, revealed that his forces have the largest fleet of helicopters in the Middle East region.
Despite its crumbling economy, Iran will “expand its nuclear program, military sales and acquisitions, and proxy attacks,” says a new U.S. intelligence report.
A day-long sea exercise conducted by Pakistan and Iran’s navies in the Arabian Gulf on Tuesday was unplanned and part of a “goodwill gesture,” a spokesman for the Pakistan navy has said, rejecting media reports that it was based on a memorandum of understanding (MoU) between the two countries.
After restricting International Atomic Energy Agency inspection rights in Iran, Tehran is now reactivating its Arak nuclear reactor, reports Bassem Aly
The torrent of Iranian oil that’s been gushing into China in recent weeks is crowding out imports from other nations and threatening to complicate efforts by the OPEC alliance to tighten supply in the global market.
Whether the Iranian leadership thinks that new U.S. President Joe Biden is set to go easier on the Islamic Republic or on China is unclear as yet but whichever it is, Tehran is pushing to increase oil output from all available fields in the coming 12 months
Iran said on Tuesday that South Korea had started to release the first US$1 billion of the US$7 billion Iranian oil funds blocked in Korean banks because of the U.S. sanctions on Tehran, but Seoul says that any transfer of the funds will be made only after consultations with the United States.