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Iran's Rial Crashes to Record Low as Dollar Tops 2.5M Rials
MENAFN
(MENAFN) Iran's rial plunged to an all-time low against the US dollar on Tuesday, with the free-market rate breaching the 2.5 million rials threshold for the first time.
Treasury Sanctions 10 in Crackdown on Iran Arms Procurement
MENAFN
(MENAFN) Washington targeted an alleged Iranian weapons-buying network on Tuesday, as the US Treasury Department imposed sanctions on 10 individuals and entities spread across multiple jurisdictions.
Iraqi Airways Wins US Sanctions Exemption, Resumes Iran Flights
MENAFN
(MENAFN) Iraqi Airways said Tuesday it will restart flights to and from Iran in October, after obtaining a "special exemption" from US sanctions that had curbed services involving Iranian carriers.
Iran Warns Gulf Over Netanyahu UAE Visit, Cites Threat
MENAFN
(MENAFN) Iran issued a warning on Tuesday about the consequences of Israel's presence in the region, hours after Israeli Prime Minister Benjamin Netanyahu visited the United Arab Emirates.
US Sanctions Iran-Linked Military Procurement Networks
MENAFN
(MENAFN) The US Treasury Department announced sanctions Tuesday against 10 individuals and entities across several jurisdictions over what it described as efforts to obtain weapons and weapons components for Iran’s Ministry of Defense and Armed...
Qatar Relays US-Iran Messages as Fears of Escalation Mount
MENAFN
(MENAFN) Qatar said Tuesday it is acting as a go-between for Washington and Tehran, passing messages between the two sides as it works to end their war. "Qatar’s mediation efforts are ongoing, and we are currently relaying messages between the...
Qatar Relays US-Iran Messages Amid War Mediation
MENAFN
(MENAFN) Qatar said Tuesday that it is facilitating communication between the United States and Iran as part of ongoing efforts to bring their conflict to an end. “Qatar’s mediation efforts are ongoing, and we are currently relaying messages...
Iraqi Airways Plans to Resume Iran Flights After Sanctions Exemption
MENAFN
(MENAFN) Iraqi Airways, Iraq’s national carrier, said Tuesday that it plans to restart flights to and from Iran in October after receiving a “special exemption” from US sanctions that had affected air services involving Iranian airlines.
Trump Claims Record Oil Haul From Hormuz as Iran "Doing Very Poorly"
MENAFN
(MENAFN) US President Donald Trump asserted Tuesday that the United States had pulled more oil out of the Strait of Hormuz in recent days than "at any point in history," a claim made as the war with Iran grinds on. "You know, we took more oil out...
Projectile Hits Ship in Hormuz, Fire Erupts as US-Iran Tensions Soar
MENAFN
(MENAFN) A vessel caught fire after being struck by an unidentified projectile as it transited the Strait of Hormuz on Monday evening, the UK Maritime Trade Operations agency (UKMTO) said Tuesday. "The fire has since been extinguished and the...
Wall Street Slips as Yields Hit 5.25 Percent, Oil Tumbles on Iran Talks
MENAFN
(MENAFN) US equities closed lower Tuesday as climbing Treasury yields weighed on sentiment, even as crude prices slid and traders tracked diplomatic efforts to end the war with Iran. The Dow Jones Industrial Average shed 131.59 points, or 0.26%,...
Qalibaf Warns Regional Oil Exports Face Threat If Iran Is Blocked
MENAFN
(MENAFN) Iranian Parliament Speaker Mohammad Bagher Qalibaf cautioned Tuesday that oil exports across the region could be halted if Tehran is prevented from selling its own crude, according to reports. “The US and other countries should know, as...
Russia Urges Iran to Stay Within Nuclear Treaty
MENAFN
(MENAFN) Russia called on Iran Tuesday to remain a responsible member of the Non-Proliferation Treaty (NPT), following statements from Tehran indicating that its parliament may consider leaving the agreement.
Iran Threatens Regional Oil Halt if Barred From Exports
MENAFN
(MENAFN) Iran's parliament speaker warned on Tuesday that if Tehran cannot sell its oil, no other producer in the region will be able to either, a state-run news agency reported. “The US and other countries should know, as we have said, that in a...
Iran Files ICAO Complaint Over US Curbs as 5 Nations Halt Flights
MENAFN
(MENAFN) Iran has lodged a formal complaint with the International Civil Aviation Organization (ICAO) over US restrictions targeting its aviation sector, the head of the country's Civil Aviation Organization said Monday.
Iran Awaits US Reply on Hormuz Reopening as Qatar Pitches Ideas
MENAFN
(MENAFN) Qatari mediators are preparing to put fresh proposals to Washington aimed at satisfying Iran's terms for reopening the Strait of Hormuz, Iranian Foreign Minister Abbas Araghchi said late Monday.
Iranian Foreign Minister Holds Mediation Talks on Hormuz Proposal
MENAFN
(MENAFN) Iranian Foreign Minister Abbas Araghchi is expected to hold talks with mediators in New York on Monday regarding proposals involving the Strait of Hormuz and negotiations with the US, according to reports.
Operation Economic Outcast Takes Down Iranian Military Procurement Networks
U.S. Department of the Treasury
WASHINGTON—Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals and entities in multiple jurisdictions that have procured weapons and weapons components...
Qalibaf Warns Regional Oil Exports Could Halt Without Iranian Sales
MENAFN
(MENAFN) Iranian Parliament Speaker Mohammad Bagher Qalibaf warned Tuesday that other countries in the region could be unable to export oil if Iran is prevented from selling its own crude. “The US and other countries should know, as we have said,...
Russia Warns Iran Against Quitting NPT as Parliament Weighs Exit
MENAFN
(MENAFN) Moscow has pressed Tehran not to abandon the global nuclear safeguards regime, calling on Iran on Tuesday to stay 'a responsible party' to the Non-Proliferation Treaty (NPT) after an Iranian lawmaker signaled the country may pull out....
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