Saudi Aramco has hired a US engineering firm to upgrade an offshore oil field it shares with Iran, which has fallen far behind several neighbors in developing shared energy reserves.
The US Treasury sanctioned 17 vessels and their owners Thursday under Operation Economic Outcast, saying the action effectively neutralizes most of Iran’s remaining shadow fleet.
The widening reach of US sanctions across Iran’s transport and industrial networks has raised alarms in Tehran that Washington is seeking to close off the alternative trade routes the country has relied on to circumvent years of economic pressure.
Iran’s Bank Parsian, under US sanctions, used its foreign-exchange arm to move millions of dollars abroad through a network of intermediaries, according to an Iran International investigation based on leaked internal correspondence and transaction records.
Senior IRGC commander Hossein-Reza Sadeghi and his son Saeed played central roles in efforts to preserve an IRGC Intelligence oil-sales network and shift its financial operations from the United Arab Emirates to Russia, an Iran International investigation found.
Workers across several sectors in Iran say employers are delaying or splitting wage payments, cutting benefits and warning staff they could lose their jobs for protesting, as inflation and rising living costs deepen pressure on households.
Iran’s currency fell to another record low against the dollar on Sunday, extending its decline during a US campaign aimed at restricting the Islamic Republic’s oil exports and financial flows.
With war disrupting Iran’s southern trade routes, Tehran is looking north to the Caspian for alternatives. But the available evidence suggests they cannot replace its crucial oil exports.
A leaked Russian government roadmap obtained by Fox News put the share of Russia-Iran trade settled in national currencies at 68%, far below Moscow’s public claims that nearly all bilateral trade had shifted to rubles and rials.
The US Treasury sanctioned Iran’s automotive and rail sectors Thursday, expanding its campaign to some of the country’s largest industrial companies as Washington seeks to choke off Tehran’s sources of revenue with Operation Economic Outcast.
New tanker-tracking data shows that Iran’s new oil exports have effectively ground to a halt, while crude exports from Arab countries in the region surpassed pre-war levels in the final week of September.
Iran’s deepening isolation is drawing divided reactions from Persian-language social media users, with some welcoming US pressure to weaken the country’s rulers and others warning that ordinary people will bear the cost without producing political change.
Iran said on Tuesday it is awaiting a US response to its proposal for reopening the Strait of Hormuz, as regional oil flows continued to recover and the rial sank past 2.5 million to the dollar.
Iran International has obtained exclusive information and documents indicating that Mostafa Ahadi, a senior official in the IRGC Intelligence Organization, runs the organization’s corruption network in the sale of Iran’s oil.
Iran’s rapidly narrowing international air connections are forcing travelers onto longer and costlier routes while adding friction with neighboring states, as Tehran pressures regional governments over flight restrictions.
The UAE has found ways to blunt Iran’s ability to disrupt oil traffic through the Strait of Hormuz by exploiting its maritime tactics, Iranian state television commentators said in a recent broadcast.
US President Donald Trump told Chinese President Xi Jinping that direct or indirect assistance to Iran, including intelligence, components and military equipment, was unacceptable, US Ambassador to China David Perdue said Friday.
Iran threatened to disrupt regional air travel if its airlines lose access to flights and airport services, as Iraq's Najaf, Erbil and Sulaimaniya joined other destinations restricting Iranian connections under mounting US sanctions pressure.
The United Arab Emirates said on Thursday it had suspended all flights operated by Iranian airlines to and from the country from Thursday until further notice, citing US sanctions targeting Iran’s aviation sector.
Iran threatened to disrupt airports in neighboring countries that comply with a US campaign to ground Iranian airlines, escalating its response to new sanctions that have already begun cutting some of the country’s remaining air links.
Canada imposed sanctions on five Iranian individuals and five entities over what it described as Tehran’s continued human rights violations and restrictions on freedom of expression, peaceful assembly and association, Global Affairs Canada said.
Expanding US pressure on Iran's aviation sector is bringing a class dimension to the debate over the costs of the country's growing isolation, with some Iranians welcoming restrictions they say are finally reaching the better-off.