US imposes sanctions targeting Iran oil trade

[ad_1] WASHINGTON: The US imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil, and on a Hezbollah-controlled financial institution, the Treasury Department said. A network of companies run by Iraqi-British national Salim Ahmed Said has been buying and shipping billions of dollars worth of Iranian oil disguised as, or … Read more

US ends Syria sanctions program

[ad_1] President Trump signed an Executive Order Monday ending the Syria sanctions program in what the administration describes as a way to support the country’s path to peace and stability. Trump’s order will remove sanctions on Syria while keeping sanctions on the following entities: Bashar al-Assad, his associates, human rights abusers, drug traffickers, persons linked … Read more

Trump to lift Syria sanctions in bid to revive economy, foster regional ties

[ad_1] Listen to article President Donald Trump is set to sign an executive order on Monday formally terminating a U.S. sanctions program on Syria, aiming to end the country’s isolation from the international financial system and fulfill Washington’s pledge to support Syria’s post-war reconstruction. The decision will ease broad economic sanctions while maintaining targeted restrictions on former … Read more

US sanctions Sudan over alleged use of chemical weapons

[ad_1] The US State Department imposed sanctions on the Sudanese government, accusing it of using chemical weapons last year in its war against rival paramilitaries. Since April 2023, the war between the army and the Rapid Support Forces has drawn widespread accusations of war crimes, with the US determining in January that the RSF had … Read more

Oil prices slip as US sanctions ease fears

[ad_1] Listen to article HOUSTON: Oil prices slipped on Friday as the US imposed new Iran-related sanctions marking a diplomatic approach that fed hopes of a negotiated agreement, a day after President Donald Trump said he might take two weeks to decide US involvement in the Israel-Iran conflict. Brent crude futures were down $2.27, or 2.9%, to … Read more