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US sanctions Chinese oil trader for violating Iran restrictions

An oil tanker carrying crude oil arriving in Zhoushan, China. (Getty) July 23, 2019 The US has sanctioned the China's state-run energy company Zhuhai Zhengrong Co for allegedly violating restrictions imposed on Iran's oil sector, US Secretary of State Mike Pompeo said in a speech on Monday. “We've said that we will sanction any [...]

By |July 23rd, 2019|East Asia, North America, USA|

U.S. sanctions network selling materials for Iran nuclear program

Iranian technicians work at a new facility producing uranium fuel for a planned heavy-water nuclear reactor, just outside the city of Isfahan. (AP) July 19, 2019 The United States on Thursday imposed sanctions on an international network of companies and their agents it said were involved in the procurement of materials for Iran’s [...]

By |July 19th, 2019|East Asia, North America, USA|

South Korea imports no oil from Iran in June; first-half imports fall 37%

An oil tanker is seen off the port of Bandar Abbas, southern Iran. (AFP) July 16, 2019 South Korea imported no crude oil from Iran for a second month in June following the end of a U.S. sanctions wavier, with Iranian imports for the first half dropping 36.9% from a year earlier, customs [...]

By |July 16th, 2019|East Asia|

South Korea considers joining coalition to patrol waters off Iran

Trading dhows and ships are docked on the Gulf waters. (AP) July 13, 2019 The South Korean government is in discussions with the US over plans to join a multinational naval coalition to protect shipping in the Arabian Gulf in the face of alleged Iranian threats, Foreign Ministry officials revealed on Thursday. The [...]

By |July 13th, 2019|East Asia, Middle East|

U.S. officials push for sanctions on China over oil purchases from Iran

An oil tanker carrying crude oil arriving in Zhoushan, China. (Getty) July 13, 2019 Senior administration officials now agree that China defied U.S. sanctions when it imported more than a million barrels of crude oil from Iran last month. But they are grappling with whether — and how — to hit back, according [...]

By |July 13th, 2019|East Asia|

US sanctions hit Iran’s trade with South Korea

A home appliances shop in Tehran, undated. (IRNA) July 10, 2019 The Iranian chairman of the joint chamber of commerce of Iran and South Korea says U.S. sanctions against Iran have adversely affected commercial relations with Korea. Hossein Tanhai told Fars news agency that talks with two major Korean home appliance manufacturers have [...]

By |July 10th, 2019|East Asia|

Iranians use Bitcoin to bypass sanctions and launder money

Cheap electricity has drawn Chinese businesses to Iran to mine Bitcoin. (Supplied) By Behnam Gholipour July 6, 2019 The fever for Bitcoin and other digital currencies in Iran has been rising steadily since April 2019. A variety of locations, including schools, mosques, homes, factories, private companies and even stables have been used as sites [...]

By |July 6th, 2019|East Asia|

US reacts cautiously to Iran delivering oil to China despite sanctions

A crude oil tanker sails through the Persian Gulf towards Kharq Island to transport crude oil to export markets in the Persian Gulf, Iran. (Bloomberg) July 4, 2019 The Trump administration has reacted cautiously to growing evidence of recent Iranian oil deliveries to China in potential violation of U.S. sanctions, renewing a U.S. [...]

By |July 4th, 2019|East Asia, North America, USA|

Iran state TV blasted over report on secret oil sales to China

An oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Picture taken May 16, 2017. (Reuters) July 4, 2019 Iranian officials slammed the country’s state television on Wednesday for airing a program on oil sales to China that contravene US sanctions, saying the [...]

By |July 4th, 2019|East Asia|

To evade sanctions on Iran, ships vanish in plain sight

An oil tanker carrying crude oil arriving in Zhoushan, China. (Getty) By Michael Forsythe and Ronen Bergman July 3, 2019 A week ago, a small tanker ship approached the Persian Gulf after a 19-day voyage from China. The captain, as required by international rules, reported the ship’s position, course, speed and another key detail: [...]

By |July 3rd, 2019|East Asia, Middle East|