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.
Tag: sanctions
Posted inTech
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.
Posted inGeopolitics
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.
Posted inGeopolitics
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.
Posted inWorld
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.
Posted inGeopolitics
China’s rare earth crackdown locks in a sixfold price surge and tightens global supply
China’s July 2026 enforcement push on strategic mineral export controls has sent neodymium prices sixfold higher and left European firms with below-25% licensing approval rates.
Posted inGeopolitics
Royal Marines seize Russian oil tanker as West tightens shadow fleet sanctions
Royal Marine Commandos seized the SMYRTOS tanker carrying $30 million in Russian crude on June 14, part of a coordinated UK-EU push that has now sanctioned more than 600 shadow fleet vessels.
Posted inEconomy
US Treasury issues 60-day Iran oil licence as Brent falls 3.5% and Hormuz traffic recovers
Washington granted Iran a 60-day oil export waiver on June 22, pushing Brent crude below $78 as Strait of Hormuz traffic climbed back toward pre-war levels.