US SANCTIONS ON IRAN
If Netanyahu loses, what happens next in the US-Israeli war on Iran?
Benjamin Netanyahu's upcoming election holds significant implications for Israel's policy on Iran. Depending on the election's result, the country's military posture towards regional adversaries could drastically change. Gadi Eisenkot might keep applying pressure on Iran, but a new leadership could prefer a diplomatic stance. This fluid political atmosphere presents opportunities for potential negotiations, underscoring the nuanced relationship between military action and foreign diplomacy in the region.
Four ways US foreign policy could change if Democrats win in November
Nonpartisan analysts predict that Democrats could gain control of the US House and possibly the Senate. If successful, they could restrict President Trump's foreign policy actions regarding Iran and Ukraine and other nations. Democrats may seek to limit significant military aid to Israel and raise issues surrounding military spending. Many Democratic lawmakers are unhappy with Trump's budget choices and foreign aid cuts.
Iran claims Strait of Hormuz control, warns US warships against entering Persian Gulf amid fresh strike threat
Iran has declared full control over the strategic Strait of Hormuz and warned against US military entry. Meanwhile, US officials hinted at the possibility of an imminent strike on Iran amid ongoing diplomatic efforts. Iranian military leaders have dismissed claims of weakened military capabilities and questioned US assertions about Iran's nuclear facilities. Reports indicate that two supertankers recently experienced accidents in the region, although details remain unverified.
Oil exports from Persian Gulf 'surpassed pre-conflict levels', claims US Treasury Secy Bessent
US Treasury Secretary Scott Bessent announced that oil exports from the Persian Gulf have exceeded pre-conflict levels. This development occurred despite ongoing Iranian threats to disrupt energy shipments to global markets. Iranian state media reported two supertankers struck a naval mine near the crucial Strait of Hormuz. The situation escalated with US Ambassador Tom Barrack indicating a potential military strike against Iran.
Trump's diesel price relief efforts grow costlier as election nears
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
How five Boeing 777s linked Madagascar's power elite to Iran
Mamy Ravatomanga, a former influential entrepreneur in Madagascar, is under scrutiny due to serious corruption charges surfacing during his trial. He faces allegations of money laundering and influence peddling tied to the irregular registration of Boeing 777 aircraft, suspected to be misregistered for transit to Iran. His lawyers challenge the accusations, pointing to discrepancies in witness statements, drawing global interest and involving agencies like the FBI.
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Iran caps dollar purchases at $1,000 per day amid sanctions-hit economy
Iran has introduced new rules for buying US dollars through banks and exchange offices as sanctions strain its financial system. Under the guidelines, individuals can purchase up to $10,000 in total, subject to a daily limit of $1,000.
"Not negotiating": Trump says "something will happen fairly soon" with Iran, as US mulls fresh strikes
US President Donald Trump indicated that there are no negotiations occurring with Iran at this time. He mentioned that something significant will happen fairly soon, possibly after the midterm elections. Reports suggest that the US and Israel have developed plans for potential military strikes against Iran's nuclear facilities and infrastructure. Iran has warned of retaliation, anticipating a new weapon, the 'Father of All Bombs.'
US sanctions have India cornered. BRICS charts an escape route
US sanctions have significant implications on international trade, especially concerning countries like India. As BRICS countries explore alternative payment systems, the renminbi could become an attractive option. This change might reduce reliance on the US dollar and offer nations more strategic autonomy. The recent discussions emphasize the importance of cross-border interoperability and local-currency settlements among BRICS members. These developments highlight a potential shift in global economic power dynamics.
'First time in long time, we're maybe close to deal': Trump on Ukraine conflict
Speaking to reporters before departing the White House for South Carolina, Trump highlighted the delicate state of peace discussions, arguing that imposing additional economic penalties could derail diplomatic momentum.
Iran asks US to prove it wants peace by lifting blockade
"Iran is prepared to give diplomacy another chance if we see strong evidence of a sincere desire on the part of the US to achieve a just and honourable solution to permanently end this conflict," Foreign Minister Abbas Araghchi wrote in an op-ed in the Financial Times.
'Hormuz is closed until America accepts our conditions': Araghchi demands US to honour MoU commitments
Iranian Foreign Minister Abbas Araghchi insists the Strait of Hormuz will stay closed until the United States complies. He emphasizes that Washington must first adhere to the Islamabad Memorandum of Understanding for any negotiations to proceed. Indirect communications with the US continue through regional intermediaries, reflecting ongoing diplomatic efforts. The proposed 'Seven-Day Plan' outlines a timeline for reopening the vital waterway.
Marco Rubio to to commence three-day visit to India, calls India key ally, says its Russian energy purchases need to be understood
Marco Rubio's visit to Mumbai includes discussions on the pending US-India trade deal and bilateral relations. He will meet External Affairs Minister S Jaishankar to address economic cooperation and regional stability. After paying tribute to terror victims, he will attend the Freedom 250 Reception celebrating diplomatic ties between the nations. Following Mumbai, Rubio will travel to Jamnagar to engage further in energy discussions.
US blinks on Russia, India less fluttered
Trump's decision to waive tougher sanctions against Russia aims to ensure US diesel supply until the midterm elections. The waiver, however, is unlikely to significantly impact Russian diesel exports due to damaged refinery capabilities. Furthermore, shipping lines may still face disruptions from ongoing conflicts in the region. India's situation remains complex as it benefits from reduced risks of US tariffs while navigating the oil market.
Rupee ends flat as stock slump, importer hedging erodes bounce
The Indian rupee held steady even as it initially surged, influenced by rising dollar demand from importers. However, the local stock markets, particularly the Nifty 50, suffered a decline of more than 1% due to underwhelming results in the technology and financial sectors. Meanwhile, Brent crude oil prices dipped about 2% after the US administration's sanction waivers.
US very close to finalising trade deal with India, says Marco Rubio
US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while making decisions on national security waivers related to Russian oil and gas sanctions.
Waiver 60-day pause; Europe refused to sanction China, India over Russia oil, says US
The US announced a 60-day pause on sanctions against Russia to analyze the effects on the global economy. Officials clarified that no sanctions were lifted as part of the Graham Act. Secretary of State Marco Rubio emphasized the need for this evaluation amid geopolitical tensions. Critics from both parties expressed their discontent regarding Trump's decision to waive the sanctions.
Iran keeps Strait of Hormuz reopening offer on table, says path depends on US
Iran's Foreign Minister Abbas Araqchi confirmed that an offer to reopen the Strait of Hormuz is still valid. This proposal involves several conditions, including the lifting of US sanctions on Iran's oil exports. Araqchi emphasized that negotiations have stalled due to Washington's focus on Iran's nuclear program. US officials have called for Iran to reduce uranium enrichment to satisfy their demands.
Iran's parliament approves Mehrdad Akhlaqi as Minister of Defence
Iran's parliament has approved Mehrdad Akhlaqi Ketabchi as the new defence minister after months of interim leadership. He replaces Majid Ebn al-Reza, who took on interim duties following the death of Aziz Nasirzadeh. Akhlaqi has extensive experience in Iran's defence industry, especially in aerospace and missile sectors, and is under US and EU sanctions. He aims to enhance military production and technology with greater cooperation from private companies.
'India an important ally': Rubio says Trump weighing impact of Russia-related tariffs
US Secretary of State Marco Rubio stated that India's energy requirements will be considered before possible sanctions on Russian oil. President Donald Trump recently waived certain provisions of a proposed sanctions law affecting major importers of Russian crude. Rubio emphasized the need for time to assess the impact of these measures on global economies. He highlighted the strategic partnership with India as an important factor in decision-making.
Marco Rubio says Trump to take up to 60 days to weigh Russia sanctions
US President Donald Trump announced a temporary waiver of sanctions and tariffs on Russian exports. Secretary of State Marco Rubio stated a 60-day review period for assessing economic impacts is underway. This decision comes amid rising energy prices resulting from the ongoing conflict in Iran. Critics, including Ukrainian President Volodymyr Zelenskiy, argue this may empower Russian President Vladimir Putin further.
Trump puts Russia sanctions bill on hold, cites US national interest; retains power to reinstate measures
US President Donald Trump has waived the application of certain sanctions, restrictions and duties on Russia under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, according to an executive order issued on Saturday. The order outlines a waiver of specified measures provided for under the legislation.
'Getting paid by Putin': Democrats criticise Trump's waiver of sanctions under Lindsey Graham Act
US lawmakers and critics have condemned President Donald Trump’s decision to waive key Russia sanctions and tariff provisions under the Lindsey Graham Act, accusing him of siding with Vladimir Putin and betraying Ukraine. The move comes amid a Russian diesel supply deal, rising US fuel prices and India’s concerns over potential tariffs.
Iran ships some LPG, jet fuel despite US blockade, data shows
Iran has managed to export limited liquefied petroleum gas and jet fuel despite ongoing US naval blockades. The Iranian methodology involves concealing cargoes among shipments from other Gulf producers off Oman, making it challenging to monitor. Shipping data indicates that a limited number of gas tankers have left the Gulf of Oman since mid-July. The US military maintains that its blockade is effective, consistently monitoring vessel activities.
US considers removing sanctions on some shadow fleet vessels to cut freight rates, official says
Discussions are ongoing regarding potential sanctions relief on shadow fleet vessels transporting legal oil and products. Companies would need to apply to the US Treasury for approval to buy these vessels. Although sanctions may be eased, freight rates are not expected to drop significantly. High tanker freight rates remain a concern for the administration amid inflation and supply issues.
US announces new Iran-related sanctions targeting 16 people, 10 entities
The United States has imposed sanctions on 16 individuals and 10 entities connected to Iran's financial operations. US Treasury Secretary Scott Bessent stated that these measures target Iran's military funding sources and financial networks. The sanctions aim to dismantle offshore banks and shadow financiers aiding Iran's economy. Entities like the International Development Bank for Investment and Finance have been implicated in supporting Iranian activities.
Oil edges down as investors weigh possible US sanctions on 'shadow fleet'
Following recent geopolitical tensions and fluctuating investor sentiment, oil prices have seen a downward trend. Brent crude futures suffered a slight loss, primarily due to concerns surrounding the escalating conflicts between Saudi Arabia and the Houthis in Yemen. As discussions in the US revolve around relaxing restrictions on tankers, the International Energy Agency's proactive measure to release diesel into the market is an attempt to stabilize surging prices.
Oil prices fall as investors weigh supply outlook, Middle East tensions
Oil prices experienced a downturn as investors weigh the repercussions of shipping assaults in the Strait of Hormuz, particularly from Houthi attacks on Saudi Aramco, heightening supply disruption fears. In response, the US is considering relaxing sanctions on oil transport vessels to stabilize consumer prices. Meanwhile, increased Russian oil production is aiding market stabilization, complemented by a notable decline in US crude oil inventories reported by the American Petroleum Institute.
US imposes fresh Iran sanctions, targets two Mumbai-based firms, 5 Indian nationals
On Thursday, the US sanctioned two Mumbai-based firms and five individuals involved in Iranian petroleum trade. These firms allegedly facilitated imports from Iran. Individuals linked to these companies are blocked from conducting transactions. The sanctions are part of Operation Economic Outcast aimed at curbing Iranian revenue streams. The US also authorized temporary wind-down transactions for Samudra Marine Services until October 23.
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