Chinese firm takes centre stage In Iran and Venezuela oil trade

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.

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Bipartisan bill proposed to hold Iranian leaders accountable

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.

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Iranian army unveils new long-range air defense system – video

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.

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Iranian commander claims Iran has the largest helicopter fleet in the Middle East

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.

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Pakistan says naval drill with Iran was ‘unplanned’

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.

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Iran pushes development of major oil region under 25-Year China deal

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

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Iran to receive 1 Billion in oil funds previously blocked by sanctions

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.

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