US blacklists Chinese firms over links to Iranian regime's military programs

| Economy

US blacklists Chinese firms over links to Iranian regime's military programs

The US Department of Commerce has sanctioned six Chinese firms for aiding Iran’s drone and weapons of mass destruction programs.

EU moves to block Iranian regime's use of airlines to send arms to Russia

| Economy

EU moves to block Iranian regime's use of airlines to send arms to Russia

Iranian airlines have been used to evade sanctions, supply missiles and drones to Russia and undermine Middle East peace and security.

Ships, captains, companies sanctioned over illicit oil shipments for IRGC

| Economy

Ships, captains, companies sanctioned over illicit oil shipments for IRGC

The US has imposed a new tranche of sanctions on the network of Houthi financier Said al-Jamal, which is backed by the IRGC's Quds Force.

Oil tankers move away from Iran's Kharg Island in Israel attack aftermath

| Economy

Oil tankers move away from Iran's Kharg Island in Israel attack aftermath

Oil tankers have vacated the waters around Kharg Island terminal, satellite imagery shows, amid fears of retaliatory strikes on oil facilities.

Houthi weapons procurement operatives in Iran, China face sanctions

| Economy

Houthi weapons procurement operatives in Iran, China face sanctions

New US sanctions target those who support the Houthis' attempts to destabilize the region and threaten lives and freedom of navigation.

Houthis profit from their Red Sea attacks via heightened port activity

| Economy

Houthis profit from their Red Sea attacks via heightened port activity

The Iranian regime-backed group has been reaping profits from tax and customs revenues on food and fuel imports via the Red Sea port of al-Hodeidah.

Costs rise, humanitarian situation worsens in Yemen as Red Sea attacks continue

| Economy

Costs rise, humanitarian situation worsens in Yemen as Red Sea attacks continue

Shipments of food and fuel are being delayed as a consequence of the Houthis' Red Sea escalation, with the situation likely to deteriorate.

Wheat imports to famine-stricken Yemen disrupted by Houthis' attacks

| Economy

Wheat imports to famine-stricken Yemen disrupted by Houthis' attacks

The Houthis' targeting of cargo ships has led to a significant decrease in wheat imports to the southern Yemen ports of Aden and al-Mukalla in the midst of an escalating food crisis.

Iraq takes steps to boost dinar, curb dollar smuggling to Iran

| Economy

Iraq takes steps to boost dinar, curb dollar smuggling to Iran

Smugglers are abusing the Iraqi banking sector by acquiring US dollars in fraudulent ways to smuggle to Iran. Meanwhile, Iran's currency continues its freefall.

Capital flight, inflation, recession debilitate Iran's dire economy

| Economy

Capital flight, inflation, recession debilitate Iran's dire economy

Inflation is the highest it has been in 32 years, say analysts, who predict that protests over economic challenges will arise again and spread throughout the country.