With the Islamabad Memorandum’s 60-day window elapsed, Iran’s IRGC is asserting Strait of Hormuz control while Washington enforces its naval blockade and Tehran refuses new sanctions terms.
Tag: sanctions
Iran Declares Fully Offensive Military Stance as 60-Day Ceasefire Expires
Iran declared a fully offensive military posture after its 60-day US ceasefire expired, demanding sanctions relief and an end to Washington’s naval blockade.
Russia’s Banks Lose $15 Billion in Deposits This Summer as Bond Auctions Halt
Deposit withdrawals from Russian banks reached $3.4 billion in the first fortnight of August alone, putting annual outflows on pace to nearly double 2022 levels and forcing Moscow to suspend government bond auctions indefinitely.
China and Russia Blunt Washington’s Push to Financially Isolate Iran
Despite the Trump administration declaring an economic D-Day against Tehran, Beijing and Moscow are sustaining trade and military supply lines that US secondary sanctions cannot easily reach.
Bessent Pledges Toughest Sanctions in History Against Iran
US Treasury Secretary Scott Bessent said Washington will impose what he called the greatest coordinated economic isolation of any country in history, warning Beijing that buying Iranian oil makes it a target.
UAE Cuts All Trade With Iran After Missiles Land Near Gulf Waters
The UAE announced an indefinite suspension of all trade and financial transactions with Iran on August 19, severing a link that supplied over 30% of Tehran’s imports.
US Treasury Threatens Sanctions Over Chinese AI Model Distillation Attacks
Treasury Secretary Bessent warned Chinese AI firms that large-scale distillation attacks on US models could now trigger sanctions and Entity List designations.
Senate Passes Russia Sanctions Bill 86-11, Targeting Oil Buyers in China and India
The US Senate voted 86-11 on August 7 to pass sweeping Russia energy sanctions named after the late Lindsey Graham, authorising 100% tariffs on countries buying Russian oil.
US Blacklists Mahan Air and Four Foreign Firms Over IRGC Support
OFAC sanctioned six entities across Iran, China, Russia and India for aiding the IRGC, including its “airline of choice” for moving troops and weapons.
Cuba’s Grid Collapses for the Fifth Time in 2026
Cuba’s national electrical system failed again on Tuesday as fuel starvation leaves a grid running at less than 30 percent of demand with no margin for error.