Connect with us

Foreign

US threatens shipping firms with sanctions if they pay Iran tolls

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The US has warned shipping companies they could face sanctions if they pay Iran for safe passage through the Strait of Hormuz.

An alert on Friday by the US Office of Foreign Assets Control (OFAC) warned US persons and companies were generally banned from paying Iranian government entities, and non-US persons may risk exposure to sanctions if they pay.

“Maritime industry participants involved with vessels calling at Iranian ports face significant sanctions risk under multiple sanctions authorities targeting Iran’s shipping sector and ports”, OFAC said.

Iran has severely limited traffic through the strait since the war began in February.

Advertisement

The US has also enforced a naval blockade on Iranian ports.

Iran has called the US interception of ships entering and leaving Iranian ports under the blockade “piracy”.

Tehran says it has collected tolls from ships in order to navigate freely through the strait, with Hamidreza Haji Bababei, deputy speaker of Iran’s Parliament, last week claiming the first toll revenue had been deposited with the country’s Central Bank.

No further detail was provided on the amount of the toll, the method of collection nor who paid it. The BBC could not independently verify this claim.

Advertisement

OFAC’s alert said payments could involve cash as well as “digital assets, offsets, informal swaps, or other in-kind payments,” including charitable donations and payments at Iranian embassies.

The agency warned that non-US persons who pay could also face civil and criminal enforcement liability if payments cause US persons, such as insurers and financial institutions, to violate sanctions.

OFAC said it “will continue to aggressively target Iran’s main revenue-generating sectors, in particular its petroleum and petrochemical sectors”.

The US Treasury also announced sanctions on three Iranian foreign currency exchange houses on Friday, saying they have converted oil revenue into more usable currencies.

Advertisement

Treasury Secretary Scott Bessent said his agency would “relentlessly target the regime’s ability to generate, move and repatriate funds, and pursue anyone enabling Tehran’s attempts to evade sanctions”.

After the US and Israel attacked Iran on 28 February, Iran has been targeting and striking ships passing through the Strait of Hormuz, including seizing two of them.

The US has also enforced a naval blockade since 13 April, stopping all ships from travelling to or from Iranian ports.

Trump had hoped the blockade would put pressure on Iran by targeting its revenue from the tolls and oil sales.

Advertisement

US Central Command (Centcom) said on Friday that 45 commercial ships have been told to turn around since the blockade began.

About 3,000 ships typically pass through the strait each month, but that number has dropped sharply to just a handful each day.

The strait is a crucial shipping channel for oil and other goods, including food, medicines, and technological supplies.

Map titled “US blockade of Iran’s Gulf coast” showing Iran’s southern coastline along the Persian Gulf, Strait of Hormuz and Gulf of Oman highlighted in red to indicate a blockade. Iranian territorial waters are shaded, with a caption stating, “No ships permitted to approach or leave Iranian coast.”

Advertisement

Ports and major jetties are marked with purple dots, including Kharg Island and Bandar Abbas. Surrounding seas are labelled, including the Arabian Sea, and a distance scale, source credit, and BBC logo are visible.

UNHCR, the UN refugee agency, said on Friday that the closure of key maritime routes has forced the use of longer and more expensive alternatives to transport aid.

Higher transport and fuel costs “disproportionately affect people in emergencies”, including refugees and displaced people, the agency said.

The cost of delivering aid to Sudan, entering its fourth year of war, has doubled in recent months, as rerouting shipments around the Cape of Good Hope in South Africa adds up to 25 days in delivery time.

Advertisement

The UN agency said it has adapted quickly by rerouting sea cargo and relying more on land corridors. But it warned that “if instability in the Middle East persists, rising costs, delays and limited transport capacity are likely to constrain humanitarian operations further.”

The US and Iran began a fragile ceasefire on 8 April. Since then, the two countries have held talks, but no long-term deal has been reached.

Iran gave mediators in Pakistan a proposal to end the war on Thursday night, according to Iran’s state-run IRNA news agency. However, US President Donald Trump has responded negatively to the proposal.

“They want to make a deal, I’m not excited, so we’ll see what happens,” Trump said on Friday.

Advertisement

He added: “Because they have no military left, essentially. I’m not sure if they ever get there.”

The president did not give details about the proposal or explain why he was not satisfied, but said: “They’re asking for things that I can’t agree to.”

He also voiced frustration with Iran’s leadership, saying: “It’s a very disjointed leadership. They all want to make a deal, but they’re all messed up.”

After Iran’s Supreme Leader Ali Khamenei was killed in US and Israeli strikes on the first day of the war, his son Mojtaba Khamenei succeeded him. However, decision-making seems less centralised than it was before the war.

Advertisement

On Thursday, Trump said he was briefed on options for Iran ranging from “blast the hell out of them and finish them forever” to “make a deal”.

The conflict began after the US and Israel carried out wide-ranging strikes on Iran in February. Iran responded by launching attacks on Israel and US-allied states in the Gulf.

The US and Israel said Iran was trying to develop a nuclear bomb, which Tehran has strongly denied. [BBC]

Advertisement
Continue Reading
Advertisement

Foreign

Iran demands war damages compensation for reopening Strait of Hormuz

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

Iran on Saturday gives conditions for the reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.

Tehran has imposed an effective blockade of the strait since the United States and Israel struck Iran in late February, and wants to charge tolls for passage, attacking ships it accuses of attempting to circumvent its preferred route.

Continued attacks in the strait, which was free to transit before the war, led to the collapse of an April ceasefire. Mediators have since urged both sides to return to the terms of a June memorandum.

Advertisement

Iranian Foreign Minister Abbas Araghchi said discussions with Oman over transit and management of the strait were “approaching the final stages”, but added the reopening of Hormuz “is subject to other conditions and compensation for the violation” of the June agreement.

Security chief Mohammad Bagher Zolghadr on Saturday laid out a list of demands for reopening the strait, including an end to the “war and aggression against Iran and its allies in Lebanon, Palestine, Yemen, and Iraq”.

He also demanded the lifting of a parallel US naval blockade of Iran, the end of sanctions, the release of frozen assets and compensation for wartime damage, according to remarks reported by Tasnim news agency.

Iran’s Revolutionary Guards, meanwhile, said Hormuz’s reopening had “nothing to do with the negotiations between Iran and Oman”, adding that the “enemy is forced to accept Iran’s conditions for the opening of the strait”.

Advertisement

The comments came as transit through Hormuz has dropped significantly, with Iran targeting ships it accuses of skirting its preferred route through Iranian waters.

The United Arab Emirates’ foreign ministry on Saturday condemned what it called a “hostile Iranian attack that targeted a tanker belonging to ADNOC (Abu Dhabi National Oil Company) with a missile while it was transiting the Strait of Hormuz, without causing casualties”.

Later on Saturday, the United Kingdom Maritime Trade Operations (UKMTO) said a ship was hit by a projectile off Oman in the Strait of Hormuz, causing a fire that was extinguished but no casualties. It was unclear whether they were referring to the same ship.

On Friday, ADNOC had put out a statement saying that since the start of the war, 15 of its vessels had been attacked in Hormuz, “including three vessels this week alone”.

Advertisement

Oman’s foreign ministry on Saturday condemned “repeated attacks on vessels transiting the Strait of Hormuz”, without naming Iran.

It also said that “ongoing negotiations regarding navigation arrangements in the Strait of Hormuz are proceeding in a positive and constructive atmosphere”, and urged against any actions that might jeopardise the progress.

The previous Iran-US deal — meant to serve as a jumping-off point for negotiations on a permanent settlement — had said Iran and Oman would hash out future arrangements for the strait in discussion with other Gulf countries and “in line with the applicable international law”.

International law generally forbids tolling in such waterways.

Advertisement

Security agreement

Turkey’s foreign minister said Saturday he expected Egypt to join a joint defence agreement between Turkey, Saudi Arabia and Pakistan designed to stabilize the region, calling the country a “natural partner on all issues”.

“I believe that at the next stage Egypt will also be among us in the alliance. We already act toward one another as if we were alliance members,” Foreign Minister Hakan Fidan said in an interview.

A drone struck US assets at an Egyptian port on the Mediterranean last month, marking the first drone attack on Egyptian territory since the outbreak of the Iran war.

Advertisement

Fidan said the agreement does not target a specific country.

“There is no common threat that we have put in writing,” he said, according to the news agency.

Pakistan’s foreign ministry said Friday the pact meant an attack on any member would be regarded as an attack on all, adding it was “intended to strengthen collective deterrence”.

 

Advertisement

AFP

Continue Reading

Foreign

Spain imposes border checks on Italy over migrant dispute

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Spain on Saturday started border checks on travellers arriving from Italy, responding to similar measures Rome imposed following an unprecedented migrant rush into the Spanish north African enclave of Ceuta.

“I don’t see a lot of the word ‘diplomacy’ used in these decisions, not by the Italian government, nor by the Spanish government,” said one 36-year-old Italian tourist, Maria Celeste Grillo, who had just flown into Madrid.

She said she had not seen any added checks as she stepped off the plane, but found their implementation “sad”.

Spain announced Friday it would proceed with the heightened controls, citing “persistent irregular migration pressure” facing Italy — deepening a row between the EU partners and NATO allies.

Advertisement

Spain’s left-wing government has complained that Italy’s hard-right government on July 31 unfairly imposed one month of border checks on travellers from Spain — suspending the EU’s Schengen Area visa-free travel arrangements — because of the Ceuta influx.

More than 70,000 migrants had crossed from Morocco into the Ceuta enclave on July 30 and 31, though almost all of them subsequently returned to Morocco within 48 hours.

The inflow alarmed European nations, especially right-wing ones urging tougher rules on irregular migrants. However, rules for Ceuta mean migrants cannot travel onward to continental Europe without passing another layer of border checks.

Spain’s interior ministry said the new checks on incoming travellers from Italy would apply until September 7.

Advertisement

AFP

Continue Reading

Foreign

Court Halts Trump’s White House Ballroom Project, President Kicks

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

An appeals court on Friday upheld an order halting work on Donald Trump’s proposed White House ballroom, enraging the US leader and setting up another Supreme Court battle over the limits of presidential authority.

The US Court of Appeals for the DC Circuit, which had allowed construction to continue while it considered the case, agreed with a lower court that such a massive White House overhaul required the explicit consent of Congress.

It stayed its own decision for two weeks to give Trump time to ask the Supreme Court to intervene.

The Republican president lashed out after the 2-1 ruling, calling it “horrendous, politically motivated, and unlawful”.

Advertisement

The two majority judges were appointed by Democratic presidents, while the dissenting judge was nominated by Trump himself.

The President vowed in a lengthy social media post to immediately appeal to the Supreme Court.

“This decision, made after much of the work has been done and paid for, is a National Security Threat at the highest level. It is also a National Disgrace,” Trump said in another post on his Truth Social platform on Friday night.

Trump initially touted the construction of the ballroom as necessary to host galas but has since repeatedly pointed to the concurrent addition of an underground military bunker and other security features.

Advertisement

Under the district judge’s initial order, work was to be allowed to continue only on a limited set of structures, including those that were underground.

“This holding has nothing at all to do with whether the proposed ballroom is desirable or not as a matter of policy. This ruling does not even necessarily mean that the Defendants may not ultimately construct the ballroom,” the majority wrote on Friday.

“What it does mean is that the Defendants may not do so during the district court’s expeditious litigation without securing Congress’s authorisation, as the Constitution and laws require.”

Trump, who has repeatedly complained that the White House lacks sufficient space for grand galas such as state dinners, unilaterally ordered construction of the massive ballroom.

Advertisement

Work on the project began last year with the sudden demolition of the White House’s entire historic East Wing.

Since then, photographs have shown significant work on a basement complex, with some concrete walls rising above ground level.

Trump has insisted that the ballroom will be privately financed, but media reports in June showed that significant taxpayer funds were going towards the project, which could cost as much as $600 million.

While the White House initially cited a $200 million price tag for the project, it quickly doubled the estimate to $400 million.

Advertisement

The ballroom is just one of Trump’s pet projects aimed at leaving his mark on Washington by the time he leaves office in 2029, along with a renovation of the Lincoln Memorial Reflecting Pool and other parks, as well as the construction of a gigantic arch.

Several of the projects have similarly faced legal challenges, but the ballroom project would be the first to reach the Supreme Court.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News