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Britain, France, and Germany have triggered the so-called snapback mechanism of the 2015 Iran nuclear deal to reinstate UN sanctions against Tehran. The European trio, known as the E3, wrote to the UN Security Council on August 28 to initiate the process, which takes 30 days. In a statement, the E3 foreign ministers said, "We will use the 30-day period to continue engaging with Iran regarding our extension offer or any meaningful diplomatic efforts to restore its compliance with commitments." They emphasized that they "share the fundamental objective that Iran must never seek, acquire, or develop a nuclear weapon." This...

The first American sanctions on Iran since a moderate cleric won the presidential election there on June 14 went into effect on Monday, expanding the number of penalized industries and imposing rules that theoretically could halt all gold and currency trade by the country. Proponents of the latest round of sanctions said they could deprive the Iranians of billions of dollars of income that had evaded earlier rounds — particularly with the new prohibition on gold trade. Bullion dealers in other countries who flout the prohibition risk severe American penalties, including expulsion from the United States precious metals market.

A new and potentially significant source of demand is that of demand from Iran. Iran imported a massive $1.2 billion worth of precious metals from Turkey in April alone. Turkish exports of gold, precious metals, pearls and coins to Iran rose to $1.2 billion in April from a tiny $7,500 a year earlier, according to figures released by the state statistics institute in Ankara yesterday. This is a massive increase in demand and suggests that there may be official involvement in the imports from the Central Bank of Iran. This trend continued in May when Turkish gold imports leapt by...

A federal judge in Maine on Friday barred the Trump administration from enforcing sanctions on two U.S. citizens and human rights advocates who work with the International Criminal Court (ICC).On April 11, Matthew Smith and Akila Radhakrishnan, a human rights nonprofit leader and lawyer, respectively, filed a 39-page lawsuit against President Donald Trump and several other members of his administration over an executive order that imposes sanctions on the ICC, prohibits certain interactions with designated ICC officials, and threatens both civil and criminal penalties for any such violations.The lawsuit was premised on the idea that the sanctions "violate their First...

6/22/04 - NEWARK, NJ) — A man was arrested Tuesday and charged with trying to sell parts for sophisticated military fighter jets to Iran without a license. Hamid M. Butt, 71, formerly of Humble, Texas, was arrested Tuesday afternoon after getting off a flight from Malaysia that had landed at George Bush Intercontinental Airport in Houston, Assistant U.S. Attorney Scott Christie said. A Pakistani native, Butt had been living in Malaysia for several years, and was arrested upon his return to the United States. He also is a naturalized U.S. citizen, authorities said. The criminal complaint against Butt was signed...

Slovenia has become the first country in the European Union to ban all weapons trade with Israel over its war on Gaza. The move by the government comes two weeks after the Central European nation declared Israeli ministers persona non grata. The arms embargo was announced by Prime Minister Robert Golob after a government session on Thursday. *** Amid the devastating war in Gaza, where “people … are dying because humanitarian aid is systematically denied them”, it was the “duty of every responsible state to take action, even if it means taking a step ahead of others”, the statement said....

The fact that Trump is threatening sanctions against India for buying Russian oil and to hammer Russia to somehow force Putin to his knees and accept whatever terms Europe demands, proves that Trump is now taking advice from Lindsey Grachm, NATO, their puppet EU leaders, and the Neocons with the likes of Cheney in the background witgh a HUGE smile on her face. When we look at sanctions, history shows us that this Neocon tool that they always deploy out of hatred, has never worked even once. It just makes the Neocons feel all warm and fussy inside as they...

U.S. officials warned Chinese authorities that they could face higher tariffs if they continue purchasing oil from Iran and Russia, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters after two days of meetings in Stockholm. “It’s no secret the Chinese are buying 90% of the Iranian oil,” Bessent told reporters. The U.S. officials also informed the Chinese of a bill moving through Congress that would authorize the president to impose tariffs of up to 500% on nations that import Russian oil, saying that they believed other nations would follow suit. “We explained the nature of the...

President Trump publicly cast doubt Monday on the need for a bipartisan sanctions bill meant to ratchet up economic pressure on Russia to end its bloody war on Ukraine. “I’m not sure we need it,” Trump quipped during an Oval Office meeting with NATO boss Mark Rutte. “It could be very useful, we will have to see.” The Senate bill, co-sponsored by Sens. Lindsey Graham (R-SC) and Richard Blumenthal (D-Conn.), would put 500% tariffs on purchasers of Russian energy — including uranium, gas, and oil. “The 500[% figure] is sort of meaningless after a while because at a certain point...

It wasn’t that long ago that Venezuela, which possesses the world’s largest crude oil reserves, was a relatively stable democracy with one of Latin America’s fastest-rising economies. It was a nation so awash in petroleum revenues that the socialist government of the late former President Hugo Chavez spent huge amounts on social programs and, at one point, even provided free heating oil for impoverished Americans. But starting in 2014, the South American nation began suffering a startling collapse. With Venezuela’s gross domestic product plummeting even more than the United States during the Great Depression, many of its nearly 32 million...

The Biden administration has made a deal with Iran to release $6 billion in frozen funds in exchange for the release of five American prisoners. The agreement issuing a blanket waiver for international banks to transfer sanctioned Iranian money from South Korea to Qatar without fear of U.S. sanctions includes the release of five Iranian citizens held in the U.S. The Iranian-Americans include businessmen Siamak Namazi, 51, and Emad Shargi, 58, along with environmentalist Morad Tahbaz, 67. Secretary of State Antony Blinken signed off on the deal late last week, but Congress was not notified of the decision until Monday,...

Sen. Lindsey Graham (R-S.C.) said Tuesday that the Senate will move “soon” on a “tough” Russia sanctions bill that will also penalize the Kremlin’s top energy recipients, China and India. “President @realDonaldTrump is spot on about the games Putin is playing,” Graham said in a Tuesday post on X. “The Senate will move soon on a tough sanctions bill – not only against Russia – but also against countries like China and India that buy Russian energy products that finance Putin’s war machine. The Senate bill has a presidential waiver to give President Trump maximum leverage.” “When it comes to...

Three-quarters of the Americans who voted for President Trump in 2024 are backing further economic sanctions on Russia as it continues its war against Ukraine, a new poll shows. The Vandenberg Coalition in late June found that around 77% of Trump voters viewed Russia as a threat, 75% backed additional sanctions, and 70% said it was “vital to prevent Russia from invading other European nations,” according to results obtained exclusively by The Post. Sen. Lindsey Graham (R-SC) revealed Sunday that Trump had given him the go-ahead on a bill he introduced to tighten sanctions on Moscow. “If you’re buying products...

U.S. President Donald Trump has threatened to impose a 10 percent tariff on any country aligned with the BRICS group of nations, which includes Russia, delivering a potential economic blow to Russian President Vladimir Putin. The bloc—which also consists of Brazil, India, China, South Africa and five other emerging economies—held a summit over the weekend in which it condemned Trump's "indiscriminate" import tariffs and the Israeli-U. S. strikes on Iran. Trump posted on Truth Social late on Sunday that "any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10 percent Tariff," adding: "There will...

"There will be no exceptions to this policy," the US leader warnedWASHINGTON, July 7. /TASS/. US President Donald Trump has threatened to impose an additional 10% tariff on countries supporting policies being pursued by the BRICS grouping. "Any country aligning themselves with the anti-American policies of BRICS, will be charged an additional 10% tariff. There will be no exceptions to this policy," the US leader warned on his Truth Social media platform. In June, Russian Deputy Foreign Minister Sergey Ryabkov, who also serves as Russia’s BRICS Sherpa, told the TASS Analytical Center in an interview that the developments at BRICS...

On July 3, Putin and Trump held a phone conversationWASHINGTON, July 5. /TASS/. US President Donald Trump acknowledged that Russia has been able to cope with the sanctions imposed on it and called his Russian counterpart Vladimir Putin a professional. "We talk about sanctions a lot," the US leader told reporters, recalling his July 3 telephone conversation with Putin. "He has been able to manage sanctions," Trump said, referring to his Russian counterpart. "But these are pretty binding sanctions," he added, referring to the possibility of new anti-Russian restrictions in connection with the conflict in Ukraine. "Now we talk about...

WHAT HAPPENED: Mexico’s government is defending three financial institutions accused by the U.S. Treasury Department of laundering cartel money and facilitating payments for fentanyl precursors to China. 👤WHO WAS INVOLVED: Mexico’s Secretariat of Treasury and Public Credit (SHCP), the U.S. Department of the Treasury, CIBanco SA, Intercam SA, and Vector Casa De Bolsa. 📍WHEN & WHERE: Mexico’s SHCP issued a statement this week. 💬KEY QUOTE: “Financial facilitators like CIBanco, Intercam, and Vector are enabling the poisoning of countless Americans by moving money on behalf of cartels, making them vital cogs in the fentanyl supply chain.” — Secretary of the Treasury...

Russia - Masque Of The Red Death Vladimir Putin has been hailed perhaps as the pivotal post cold war Russian leader. He has executed a skillful dog and pony show, convincing both the Bush and Blair administrations that the former Soviet Union was not only no longer a military threat to the West but was indeed now becoming a close ally. Obviously Russia's cooperation with the French and German UN delegation's intransigence in dealing with Iraq has done much to throw cold water on this heretofore-budding union. It's important to note that such a relationship offered hope, though ultimately unfounded,...

The State Department on Thursday announced sanctions on four judges on the International Criminal Court (ICC) in the Netherlands, over their roles in investigating the United States and Israel. Secretary of State Marco Rubio claimed that two of the justices approved the court's arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Israeli Defense Minister Yoav Gallant. The other two authorized the ICC’s investigation into U.S. personnel in Afghanistan. The sanctions target judges Solomy Balungi Bossa of Uganda, Luz del Carmen Ibáñez Carranza of Peru, Reine Adelaide Sophie Alapini Gansou of Benin and Beti Hohler of Slovenia. "As ICC...

The International Criminal Court (ICC) on Thursday blasted the decision by the Trump administration to sanction four of its judges. Secretary of State Marco Rubio announced the sanctions in a statement, saying they target Solomy Balungi Bossa of Uganda, Luz del Carmen Ibáñez Carranza of Peru, Reine Adelaide Sophie Alapini Gansou of Benin and Beti Hohler of Slovenia. Two of the sanctioned judges authorized the arrest warrants for Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant which the court issued last November. The others authorized an ICC investigation into abuses by US personnel in Afghanistan. The ICC said...