With the web of US sanctions tightening, Iran faces a host of challenges as it looks to an isolated port in the country’s far southeast to maintain the flow of goods. The port in Chabahar, only about 100 kilometers (62 miles) from the Pakistan border and located on the Indian Ocean, is Iran’s largest outside […]
sanctions
World court to rule on Iran’s billions frozen in US
Relations have also been strained since US President Donald Trump’s decision to pull out of an international nuclear deal with Iran and reimpose sanctions The International Court of Justice on Wednesday will give its decision on a bid by Iran to recover $2 billion in frozen assets that the United States says must be paid […]
Turkey pledges lira action to calm markets
Turkey has vowed to take measures later Monday to calm market fears sparked by the precipitous plunge in the lira’s value as its president accused Washington of spearheading an “underhand plot” against his country. The dispute between the two NATO allies — which reached new intensity over the detention of an American pastor in Turkey […]
Iran, US trade barbs ahead of renewed sanctions on Tehran
The first salvo of sweeping US sanctions against Iran will be reimposed later Tuesday as the two countries traded fresh accusations and Tehran dismissed Donald Trump’s offer of talks on a new nuclear deal. Trump’s withdrawal from the historic 2015 nuclear accord in May and the reimposition of embargoes has infuriated his European partners, as […]
US slaps sanctions on Turkey ministers as pastor row ramps up
The United States on Wednesday hit two top Turkish officials with sanctions over the ongoing detention of an American pastor facing terror charges, heaping pressure on Ankara to release the prisoner fueling a bitter diplomatic feud. The move targeting Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu further ratcheted up tensions between the […]
N. Korea’s Kim knows denuclearisation must be ‘quick’: Pompeo
North Korea’s Kim Jong Un understands that denuclearisation must happen “quickly”, US Secretary of State Mike Pompeo said Thursday, warning there will be no sanctions relief for Pyongyang until the process is complete. Washington remained committed to the “complete, verifiable and irreversible” denuclearisation of North Korea, Pompeo added, after the joint statement from the historic […]