All tagged Treasury

US Sanctions Iran for Shipping Oil to Syria

◢ The US slapped fresh sanctions on Iran Tuesday, accusing it of creating a complex web of Russian cut-out companies and Syrian intermediaries to ship oil to Damascus, which in turn bankrolled Hezbollah and Hamas. The US considers both Hezbollah, a powerful Lebanese militia, and Hamas, the Palestinian Islamist group that controls the Gaza Strip, to be terrorist organizations.

Trump Says Open to New Iran Deal, Confirms Sanctions Return

◢ US President Donald Trump said Monday he remains open to forging a new nuclear deal with Iran, as he confirmed Washington will go ahead with reimposing sanctions against Tehran. Despite pleas from other parties to the agreement, Trump pulled the US out of the deal in May, claiming the Iranian regime was cheating on its commitments and funding "malign" activities around the region.

US Rejects European Call for Iran Sanctions Waiver

◢ Washington will not budge on its decision to impose fresh sanctions on corporations operating in Iran, despite a European request for exemption, the Financial Times reported Monday. "International companies active in Iran face the threat of US sanctions within weeks after Washington rebuffed a high-level European plea to exempt crucial industries to help keep a landmark nuclear deal with Tehran alive," the paper reported.

US Demands World Halt Iranian Oil Imports By Nov 4

◢ The United States warned Tuesday that countries around the world must stop buying Iranian oil before November 4 or face a renewed round of American economic sanctions. A senior State Department official warned foreign capitals "we're not granting waivers" and described tightening the noose on Tehran as "one of our top national security priorities."

China Warns US Against Causing 'Damage' to Trade in Huawei Probe

◢ China warned the United States on Thursday against harming trade after a report that US authorities had opened an investigation into suspected violations of Iran sanctions by China's Huawei Technologies. A US Justice Department probe would come on the back of subpoenas issued to the company by the US Commerce and Treasury Departments.