Iran’s missing fuel: Can border smuggling explain it all?
Iran’s large-scale fuel losses appear to go beyond the smuggling cited by officials in Tehran, with evidence pointing to organized diversion within the country’s fuel distribution system.
Iran Sanctions News
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.
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Iranian President Says Sanctions Hurting Irans Economy
New posts 16:37 Iranian President Says Sanctions Hurting Irans Economy Despite bravado from various civilian and military officials, Iranian President Masud Pezeshkian has said that sanctions imposed on his country are hurting the economy.
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Hundreds Of Ships Still Stranded In Gulf Waters, UN Agency Says
New posts 02:03 Hundreds Of Ships Still Stranded In Persian Gulf Waters, UN Agency Says The UN shipping safety organization said some 400 ships remain stranded in the Persian Gulf, with many others in the region still exposed to higher-than-usual risks.
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Iran bets on China to blunt Trump’s economic offensive
China’s refusal to bow to US sanctions has raised hopes in Tehran that Beijing could blunt Washington’s new economic offensive, but a debate inside Iran reveals doubts over how far China is willing or able to go on Iran’s behalf.
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Trump announces "biggest oil deal in world history" with Venezuela
Washington DC [US], August 29 (ANI): US President Donald Trump on Friday (local time) announced the 'biggest oil deal in world history' with Venezuela. The landmark agreement with Venezuela will give the US majority control over more than 65 billion barrels of proven crude oil reserves.
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Commercial shipping through Hormuz 'significantly reduced', UKMTO says
Commercial shipping through Hormuz 'significantly reduced', UKMTO says Commercial shipping through the Strait of Hormuz remains about 90 percent below pre-conflict levels, with operators increasingly favouring a northern route, the UK Maritime Trade Operations (UKMTO) said. The agency recorded 101 outbound and 103 inbound full transits in the seven days to 28 August. In a report published on 28 August, UKMTO said vessel traffic had remained “significantly reduced” despite a brief recovery in late June.
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Trump claims 'biggest oil deal in world history' signed with Venezuela
Trump claims 'biggest oil deal in world history' signed with Venezuela US president Donald Trump said Washington has accomplished the "biggest oil deal in world history", after entering into an agreement with Venezuela. "At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U. S.
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US cuts off major Egyptian bank from global financial system
US cuts off major Egyptian bank from global financial system The US Treasury on Friday announced plans to cut off Banque Misr's branches in the United Arab Emirates from the global financial system, as the Trump administration seeks to "asphyxiate" what it said were Iran's "enablers". Banque Misr is Egypt's second-largest bank. Its Emirati arm will no longer be able to do business in US dollars as of 28 September, under the new plans.
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Iran’s oil exports near zero as Persian Gulf flows recover
Iran’s ability to export fresh crude has fallen close to zero under the US maritime blockade, according to Kpler, just as Washington begins targeting the foreign banking networks Tehran relies on to collect the proceeds.
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US cuts off major Egyptian bank from global financial system
US cuts off major Egyptian bank from global financial system Submitted by MEE staff on Fri, 08/28/2026 - 18:55 Sanctions on Banque Misr's branches in the UAE are part of Trump administration's 'Operation Economic Outcast' against Iran The high-rise commercial building, left, serves as the modern headquarters of Banque Misr, in Cairo, Egypt photographed on 9 February 2023 (Amir Makar/AFP) Off The US Treasury on Friday announced plans to cut off Banque Misr's branches in the United Arab Emirates from the global financial system, as the Trump administration seeks to "asphyxiate" what it said were Iran's "enablers". Banque Misr is Egypt's second-largest bank. Its Emirati arm will no longer be able to do business in US dollars as of 28 September, under the new plans.
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Iran or the dollar? US makes an example of Banque Misr
The US has opened a new front in its economic campaign against Iran by threatening to cut a major third-country bank out of the dollar system over alleged involvement in Tehran’s shadow-banking network.
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US targets Egyptian bank in first strike of economic war against Iran
The US Treasury moved Friday to cut the UAE branches of Egypt’s Banque Misr off from direct access to the US financial system over alleged dealings with Iran, marking the first major action in Washington’s new “Economic D-Day” campaign against Tehran.
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US issues fresh Iran-related sanctions as war marks six months
US issues fresh Iran-related sanctions as war marks six months The United States issued more Iran-related sanctions targeting one entity and one individual on Friday after Treasury Secretary Scott Bessent earlier this week threatened further action amid the ongoing US-Israeli war on Iran. The sanctions target one entity based in Hong Kong and one person linked to Iran's Bank Melli, a notice posted on the Department of Treasury's website showed.
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'A very frightening time': US terror tag endangers UK Palestine Action activists, critics say
'A very frightening time': US terror tag endangers UK Palestine Action activists, critics say Submitted by Katherine Hearst on Fri, 08/28/2026 - 12:39 Washington announced the sanctions days before it was revealed that activists who targeted Trump's Scottish golf resort could face sentencing as 'terrorists' The designation raises questions about the fate of over 2,700 protesters who were arrested in the UK under the Terrorism Act for supporting the banned group, in London, April 2026 (Katherine Hearst/MEE) Off Washington's move to designate Palestine Action as a transnational terrorist organisation could place British activists associated with the group at heightened risk of surveillance and being frozen out of the financial system, campaigners warn. In a statement on its website, the US Department of the Treasury announced a slew of sanctions targeting “Violent Far-Left Terrorist Networks”, including Palestine Action and Masar Badil , a movement that advocates for an "alternative revolutionary path" for Palestinian rights and freedoms. Italian tech collective Autistici/Inventati was also designated as a terrorist group for allegedly supplying “specialized digital architecture, tools, and services for Antifa cells and other violent far-left extremists, including a foreign terrorist organization”.
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US to set limits on Egyptian bank in effort to pressure Iran
US to set limits on Egyptian bank in effort to pressure Iran The Treasury Department is due to cut off a major Egyptian bank's operations in the United Arab Emirates from the US financial system, a US official confirmed Friday, as Washington pushes to choke Iran off economically. The move impacts UAE branches of Egypt's second biggest bank, Banque Misr. US Treasury Secretary Scott Bessent laid out plans earlier this week for Iran's "economic asphyxiation" six months into a war on Tehran.
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US seeking a deal to make Venezuela its gas pump media
Washington could gain access to 90 billion barrels of oil reserves, while Caracas is weighing an OPEC exit The US is moving to lock in long-term access to the world's largest proven crude oil reserves by discussing a 100-year deal with Venezuela, as Caracas plans to leave the Organization of Petroleum Exporting Countries (OPEC), several outlets have reported.
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British-Iranian man accused of seeking to aid IRGC Quds Force faces 2027 trial
A British-Iranian man accused of seeking to assist Iran’s IRGC Quds Force will stand trial next year after prosecutors said he offered his services to Iranian authorities and later took part in an undercover police operation involving a bag he believed contained a drone.
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Iranian Foreign Ministry condemns US sanctions as 'state terrorism'
Iranian Foreign Ministry condemns US sanctions as 'state terrorism' The Iranian Foreign Ministry condemned the United States' newest sanctions campaign as an act of 'state terrorism' in violation of the UN Charter, Al Jazeera reported. According to Al Jazeera, the Ministry stated that the sanctions would put the health and livelihoods of millions of Iranian civilians at risk. The Ministry also warned that countries participating in sanctions imposed on Iran would be complicit in the US' 'unlawful' campaign.
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Iranian banks and businesses remain open in Dubai despite Trump’s D-Day - WSJ
Iranian banks and businesses continue to operate in Dubai despite Washington’s demand that countries sever their remaining economic links with Tehran, exposing the difficulty of isolating Iran from one of its most important commercial hubs, the Wall Street Journal reported.
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Iran Condemns US Economic Terrorism, Warns Nations against Compliance
TEHRAN (Tasnim) – Iran’s Foreign Ministry condemned the US’ new wave of economic restrictions against Iran, dubbed “Operation Economic Outcast”, as a form of state terrorism, warning all countries against complying with the hostile measures.
995 sanctions stories in the last 90 days.