Sanctions and economy reporting on Iran — new designations and relief, oil exports and shipping, banking restrictions, and the effect on the rial and daily prices — collected from independent English-language outlets.
Florida [US], August 1 (ANI): US Central Command (CENTCOM) announced that it has 'redirected 30 commercial vessels, disabled 2, and boarded 2 to ensure full compliance'. In a statement on X, the command further detailed its ongoing maritime operations, confirming that 'The US military has also permitted nearly 30 ships to pass through the blockade for humanitarian aid.
US Centcom says ’30 commerical vessels’ redirected during Iran blockade US Central Command (Centcom) said it has “redirected 30 commercial vessels, disabled 2, and boarded 2 to ensure full compliance” as of today. “The US military has also permitted nearly 30 ships to pass through the blockade for humanitarian aid," it said in a statement on X.
North Sea oil fields set to be reopened by Burnham would profit blacklisted Israeli company Submitted by Fleur Hargreaves on Thu, 07/30/2026 - 00:32 Rosebank oil field stakeholder Ithaca is majority owned by Israeli firm Delek, named by the UN for supporting West Bank settlements A man holds a placard against the Rosebank oil field project in the North Sea off the coast of Scotland during a protest outside the Department For Energy Security And Net Zero in London on 22 July 2026 (Justin Tallis/AFP) Off Campaigners say reopening North Sea oil and gas fields in the UK would be in breach of international law over a stakeholder company’s links to illegal West Bank settlements. Reports suggest that new British Prime Minister Andy Burnham is set to “move quickly” to green light more oil and gas drilling as one of his first moves since taking office last week, despite concerns some of the profits would flow to a company blacklisted by the UN. The two oil and gas fields in question are Rosebank, off Shetland in the North Atlantic, and Jackdaw in the North Sea coast of Scotland, which were approved by the previous Conservative government in 2022 and 2023, but then overturned in 2025 after a legal challenge.
An illicit Iranian gambling network helped move at least $4 billion through an unlicensed Dubai-based cryptocurrency exchange that also handled funds for sanctioned Iranian institutions, a Reuters investigation found.
Entities in Russia and China have also been targeted for doing business with the privately owned Mahan Air The US has sanctioned a Delhi-based company that represents Iran's Mahan Air in India, along with entities in Russia and China that do business with the privately owned carrier. "India-based Skiez Travels and Logistics Private Limited... and Russia-based Air Cargo Pro Limited...
Rashad Sultanov, from London, suspected of conducting hostile surveillance and passing information to Revolutionary Guards A British-Azerbaijani national has been arrested in Cyprus on suspicion of spying on a British airbase on the Mediterranean island and passing information to Iran’s Islamic Revolutionary Guard Corps, the Metropolitan police said. Rashad Sultanov, 44, from Islington, north London, was arrested on 17 July by Cypriot authorities and is being held in custody as extradition proceedings continue, the police said in a statement on Friday. Continue reading...
The United States has offered a reward of up to $15 million for information that disrupts the financial mechanisms of Iran's Revolutionary Guards (IRGC), focusing on a company Washington says plays a key role in producing drones used by Tehran and its regional allies.
Washington, DC [US], July 30 (ANI): The US Department of the Treasury on Thursday announced sanctions against six entities and individuals in China, India, Russia, and Iran for allegedly supporting Iranian carrier Mahan Air, which Washington maintains has long facilitated the movement of weapons, military hardware, and IRGC-Quds Force personnel.
NEW YORK CITY, New York: Oil prices surged about seven percent on July 29, with Brent crude climbing above US$90 a barrel, as renewed military action in the Middle East and fresh threats to shipping through the Strait of Hormuz heightened concerns over global oil supplies. Brent crude futures rose $6. 16, or 7.
US issues sanctions targeting support networks for Iran's Mahan Air The United States on Thursday issued new Iran-related sanctions that target global networks supporting Mahan Air, the Iranian carrier Washington says transports Iran's Islamic Revolutionary Guard Corpspersonnel, as well as weapons and drones. The US Treasury designated six entities and individuals in China, India, Russia and Iran for acting as sales agents and support networks for the US- and EU-sanctioned airline, the department said in a statement.
Investigators cautioned that the assessment was preliminary. There were no indications that any water supply had been rendered unsafe to drink.
Washington, DC [US], July 30 (ANI): US President Donald Trump has called on lawmakers to modify a newly passed Russia sanctions bill to accord him sweeping authority to impose tariffs on Iran, a move that threatens to delay the passage of the legislation as it moves to the House of Representatives.
Washington, DC [US], July 30 (ANI): The United States on Wednesday slammed fresh sanctions on entities connected with Iran's Revolutionary Guards, accusing them of shaking down commercial vessels operating through the Strait of Hormuz. The US Treasury Department stated that the punitive action hits eight oil tankers and 10 corporate entities.
New US sanctions target Iran's Hormuz income The United States on Wednesday announced new sanctions targeting entities linked to Iran's Revolutionary Guards that it accused of extorting ships transiting the Strait of Hormuz. The announcement came as President Donald Trump warned the United States would strike Iran "hard" after a missile attack against US bases in Jordan, reigniting the war after a days-long pause. The US Treasury Department said in a statement that a scheme backed by Iran's Revolutionary Guard "forces commercial vessels to purchase mandatory maritime 'insurance' to transit the Strait.
HOUSTON, Texas: Baker Hughes said on July 27 it expects global spending by oil and gas producers to decline modestly this year as weaker investment in Europe and the Middle East outweighs growth in Latin America, offshore Africa and North America's onshore market.
The United States on Wednesday imposed sanctions on ten companies and eight tankers linked to Iran's oil trade as Tehran said it had stopped three commercial vessels in the Strait of Hormuz, underscoring the ongoing battle over the strategic waterway.
Iran is expected to receive within weeks the first shipment of up to 400 Chinese-made shoulder-fired air-defense missile launchers under a deal worth $60 million-$70 million, three sources familiar with the agreement told Reuters.
WASHINGTON D. C. : U.
Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’ Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran war keeps oil prices and inflation high. The National Institute of Economic and Social Research (NIESR) said the new prime minister faced a “challenging inheritance” and his plans to revamp public services would meet severe pressure from persistently higher prices. Continue reading...
US official says Iran making 'unreasonable demands' for Hormuz fees A US official said on Tuesday that there will be no tolls or fees for passage through the Strait of Hormuz during ongoing ceasefire talks taking place between the US and Iran. The US official said Iran was making unreasonable demands that were rejected by Oman and the US after it proposed a temporary arrangement to reopen the strait that would allow Iran to have greater control over transit through the waterway.
1013 sanctions stories in the last 90 days.
