Treasury Sanctions Iran s Central Bank and National Development Fund marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
In a bid to boost military cooperation with Beijing and Moscow, Iran’s armed forces will hold a joint, four-day naval exercise with Russia and China in the northern part of the Indian Ocean. The drill, which is to start on Saturday, 1 will be the first such trilateral exercise. Visits to Iran by Russian and Chinese naval representatives have also stepped up in recent years.
Baghdad on Monday issued a caution after the US warned Tehran of a “decisive†response if Washington’s interests are harmed in Iraq. Since October 28, ten rocket attacks have targeted areas where US soldiers and diplomats are stationed. On Monday, US defence secretary Mark Esper “expressed his concern†over the strikes in a telephone call with outgoing prime minister Adel Abdel Mahdi, according to a statement from the premier’s office.
In an attempt to resist crippling US trade embargoes, Iran’s president said on Sunday his country will depend less on oil revenue next year. Iran is in the grip of an economic crisis. The US re-imposed sanctions that block Iran from selling its crude oil abroad. “The budget sends a message to the world that despite the sanctions, we will manage the country,†President Hassan Rouhani told the opening session of Parliament.
Amid US-Iran tensions, economic crisis are deepening now in Lebanon after Washington slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies. The Trump administration has intensified sanctions on the Lebanese militant group and institutions linked to it to unprecedented levels, targeting lawmakers for the first time as well as a local bank that Washington claims has ties to the group.