Saturday , 20 April 2024

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U.S. Slaps Sanctions On Lebanese ‘Money Laundering’ Group

Radiofarda – U.S. officials on Thursday announced it has sanctioned a Lebanese network accused of laundering millions of dollars for “drug kingpins” and helping finance Hezbollah, the Iran-backed Shiite movement that Washington labels a terrorist organization. The US Treasury Department said it has added Lebanese national Kassem Chams to its blacklist, along with two related entities: the “Chams Money Laundering …

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Floods Disrupt Iran’s Oil Production In Some Areas Of Southwest

Radiofarda – The unprecedented floods that have devastated large parts of Iran since March 19 have finally affected its oil production. The oil-producing Khuzestan province in the southwest has seen waves of floods, with the latest inundation the result of maximum outflows from two large dams that have reached full capacity. Karim Zobaydi a member of Iran’s National Oil Company …

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Iran’s Close Ally, Al-Bashir Imprisoned As Sudan’s Army Seizes Power

Radiofarda – With a coup in Sudan, the Islamic republic lost one of its erstwhile allies in the Muslim world on Thursday, April 11. Sudan’s army announced it has seized power after months of protest demonstrations in that country. The army also broke the news of Omar al-Bashir’s arrest on Thursday. The Sudanese army also announced that it will hold …

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Prime Suspect In Corruption Case Says He Helped Iran Circumvent Sanctions

Radiofarda – As one of the biggest corruption trials in Iran’s history continues, the legal counsel to the prime suspect maintains that his client assisted the Islamic Republic in profiting from exporting petrochemicals, which was banned by UN sanctions. The third court session in a large corruption case in Iran was held on Wednesday, April 10, 2019. The prime suspect …

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Why Did Iran’s March Oil Exports Double Despite Sanctions?

Radiofarda – Iran’s oil exports to its five clients rose to 1.7 million barrels per day (mb/d) in March, the highest level since the United States imposed sanctions on Iran in November 2018, Platts reported April 9. Along with the sanctions, the U.S. also gave a six-month exemption or wavier to eight friendly countries: China, India, Japan, South Korea, Taiwan, …

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