East Asia

/East Asia

Iran’s long-range missile land close to commercial ship, US Navy ships in Indian Ocean

Iran’s IRGC held a military exercise involving ballistic missiles and drones in the country’s central desert, state TV reported on Jan 15, 2021. (AP) January 16, 2021 Long-range missiles from Iran landed close to a commercial ship in the Indian Ocean and 100 miles from the Nimitz aircraft carrier strike group of the US Navy, [...]

By |January 16th, 2021|East Asia, Middle East, North America, USA|

Power outages in Iran as China extracts its Bitcoins

Boxes of machinery used in Bitcoin "mining" operations that were confiscated by Iranian police in Nazarabad, undated. (AP) January 14, 2021 In coordination with a ‘military institution’ in Iran, the Chinese use Iran’s low-price electricity to extract bitcoin while many Iranians suffer from power outages. While power outages have swept many Iranian urban and rural [...]

By |January 14th, 2021|East Asia|

Iran tells South Korea not to politicise seized vessel, demands release of funds

A seized South Korean-flagged tanker is escorted by Iranian Revolutionary Guard boats on the Gulf, Jan 4, 2021. (AP) January 11, 2021 Iran said on Sunday that South Korea should avoid politicising the seizure of its vessel by Iranian Revolutionary Guards in the Gulf, Iranian state media reported, while pressing Seoul to release $7 billion [...]

By |January 11th, 2021|East Asia|

Countries where Iranian oil and gas revenues are blocked

China has continued buying Iranian oil in defiance of the U.S. sanctions, providing Tehran’s struggling economy with a financial lifeline. (Getty) January 6, 2021 Iran has been unable to obtain tens of billions of dollars of its assets in foreign banks, mainly from exports of oil and gas, due to U.S. sanctions on its banking [...]

By |January 6th, 2021|East Asia, Europe, Iraq, North America, USA|

South Korea delegation heads to Iran to seek release of seized tanker

South Korea’s Vice Foreign Minister Choi Jong-kun is scheduled to visit Tehran on Sunday. (Shana) January 6, 2021 A South Korean delegation is heading to Iran on Wednesday to seek the release of a chemicals tanker and its 20-member crew seized in Gulf waters by Iranian forces, Yonhap news agency reported. Iran denied on Tuesday [...]

By |January 6th, 2021|East Asia|

Iran says South Korea holding $7 bln Iran funds ‘hostage’

Iranian government spokesman Ali Rabiei. Undated. (MEHR) January 5, 2021 An Iranian government spokesman on Tuesday rejected allegations that Iran’s seizure of a South Korean vessel amounted to hostage-taking, and said was it was South Korea that was holding $7 billion of Iran’s funds “hostage”. “We’ve become used to such allegations ... but if there [...]

By |January 5th, 2021|East Asia|

S.Korea to dispatch diplomat for Tehran talks after Iran seizes tanker

A seized South Korean-flagged tanker is escorted by Iranian Revolutionary Guard boats on the Gulf, Jan 4, 2021. (AP) January 5, 2021 South Korea is dispatching a delegation to Iran as early as today to seek the release of a tanker seized in Gulf waters by Iranian forces, with a senior diplomat set to go [...]

By |January 5th, 2021|East Asia, Middle East|

S. Korean-flagged tanker bound for UAE goes into Iranian waters, feared seized

Satellite data from MarineTraffic.com showed the MT Hankuk Chemi off Bandar Abbas on Monday afternoon without explanation. (AFP) January 4, 2021 A South Korean-flagged tanker bound for the United Arab Emirates has instead gone into Iranian territorial waters, with a security firm fearing the vessel has been seized.Satellite data from MarineTraffic.com showed the MT Hankuk [...]

By |January 4th, 2021|East Asia, Middle East|

Larger crop, lack of rupees curb Iran’s record Indian sugar appetite

Sellers wearing masks in an Iranian fruit market, June 15, 2020. (Reuters) By Maytaal Angel and Rajendra Jadhav December 22, 2020 India will be unable to count on Iran, one of its most important sugar customers, for its upcoming export drive as an increase in Iranian production and Tehran’s shortage of rupees limit [...]

By |December 22nd, 2020|East Asia, India|

China won’t rescue Iran

Iranian Supreme Leader Ali Khamenei, right, and Iranian President Hasan Rouhani, left, meets with Chinese President Xi Jinping in Tehran, Jan 23, 2016. (AP) By Wang Xiyue December 22, 2020 In June 2020, a draft of the China-Iran Comprehensive Strategic Partnership was leaked to the media by an Iranian source. In this purported deal, [...]

By |December 22nd, 2020|East Asia|