European Union leaders decided on Wednesday to step up sanctions against Iran after Tehran's recent attack on Israel left world powers scrambling to prevent a wider conflict in the Middle East.
The US and the European Union plan to expand their sanctions regimes against Iran, following Tehran’s unprecedented missile and drone attack on Israel.
Several Iran-related bills passed the committee stage of the US Senate Tuesday that enhance sanctions on Iran’s leaders and require the President to sanction ships, ports, and refineries carrying or processing Iranian oil.
German Foreign Minister Annalena Baerbock has urged the European Union to consider an extension of sanctions to cover Iranian drone technology in the wake of the aerial assault against Israel over the weekend.
US Treasury Secretary Janet Yellen on Tuesday said Iran's attack on Israel last weekend and its financing of militant groups threatened stability in the Middle East and could cause economic spillovers.
The verdict of Tuesday 9 April hearings of the Senate Banking Committee is simple: the Biden administration has failed to plug a yawning gap in its vast sanction regime: the abuse of cryptocurrency by the Iranian proxies’ crime nexus.
The United States intensified its actions against Iran on Tuesday, imposing sanctions on four individuals and two companies accused of conducting cyber-attacks for the Iranian military.
Iran's Foreign Minister Hossein Amir-Abdollahian criticized the European Union's recent decision to expand sanctions against Iran, labeling them "unlawful".
In response to impending US and EU sanctions against Tehran, Tasnim, a news outlet affiliated with the IRGC, asserted that Iran will continue to evade the sanctions.
The Biden administration has decided to let sanctions waivers for Iran-Russia nuclear cooperation expire. This has allowed the two countries to carry on with their joint nuclear activities.
The European Union is imposing sanctions against three Hamas and Palestinian Islamic Jihad entities, over “widespread sexual and gender-based violence” that occurred across Israel on October 7.
The body of Mohammad Sarur, a Lebanese financier for Iran, sanctioned by the US for involvement in sending funds from Iran to its terror proxies, was discovered on Tuesday in a suspected assassination.
Illicit Iranian oil is en route to Bangladesh for the second time with its arrival scheduled at Chittagong anchorage on Wednesday, as Iran continues to evade sanctions.
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