The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo on Iran's oil exports.
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All tagged UAE
◢ The United States on Thursday slapped sanctions on five companies based in the United Arab Emirates for allegedly shipping oil from Iran in defiance of President Donald Trump's unilateral sanctions. The sanctions mark a rare US action against firms in the UAE, a close ally of Washington in its campaign against Tehran.
◢ UAE state minister of foreign affairs Anwar Gargash on Sunday said Arab Gulf states should take part in negotiations with Iran amid increased tensions between Washington and Tehran. "We strongly believe that there is room for collective diplomacy to succeed," he said, adding that talks with Iran should involve the international community as well as Arab Gulf states.
◢ US Secretary of State Mike Pompeo Thursday said he preferred a “peaceful resolution” to a crisis sparked by attacks on Saudi oil infrastructure, as Iran warned against “all-out war.” Pompeo has blamed Iran for the weekend assault on two facilities which wiped out half of Saudi oil production, dismissing its denials and condemning the “act of war.”
◢ A senior U.S. Treasury official is in the United Arab Emirates to meet with the chiefs of the country’s banks and shipping companies as the Trump administration seeks to further tighten sanctions against the Iranian regime. Sigal Mandelker, the Treasury’s undersecretary for terrorism and financial intelligence, will be meeting the chief executive officers of seven U.A.E. banks on Sunday and Monday.
◢ A small oil tanker that had gone missing in the Persian Gulf had technical difficulties and was towed into Iranian waters for repairs, an Iranian foreign ministry official said, according to the ISNA news agency. Further details on the ship, the Panamanian-flagged RIAH, will be announced later, Foreign Ministry spokesman Abbas Mousavi said, according to the semi-offficial ISNA.
◢ Iran on Monday called attacks on ships in the Gulf "alarming", after the UAE and Saudi Arabia said several vessels including oil tankers were damaged in acts of sabotage off the Emirati coast. "The incidents in the Sea of Oman are alarming and regrettable," Iranian foreign ministry spokesman Abbas Mousavi said in an English-language statement on the ministry's website.
◢ Saudi Arabia and the UAE have sent 95 tons of humanitarian aid to their rival Iran as it reels from deadly floods, officials said Thursday, after Tehran complained US sanctions were obstructing relief. The aid, which includes food and shelter material, was authorized by Saudi Arabia's king and crown prince, it added.
◢ A pair of Standard Chartered Plc bankers in Dubai went a long way to protect the lucrative business of a prized Iranian client. Now the cost of their actions is clear: The London-based bank just agreed to fines and penalties of more than USD 1 billion for failing to stop and disclose its work with the Iranian and several others.
◢ Iran's supreme leader on Monday said the attackers who killed 24 people at a weekend military parade in the southwestern city of Ahvaz were funded by Saudi Arabia and the United Arab Emirates. "Based on reports, this cowardly act was the work of those very individuals who are rescued by the Americans whenever they are in trouble and who are funded by the Saudis and the (United) Arab Emirates," Ayatollah Ali Khamenei said, in remarks posted on his official website.
