The sanctions targeted nine entities the Treasury Department said were involved in producing, shipping and selling Iranian petrochemical and petroleum. The US Treasury Department on Thursday announced new sanctions targeting Iran’s oil and petrochemical industry as the administration shifts its focus away from reviving the landmark nuclear deal. The Treasury’s …
Read More »Iran intel official says China in line to buy Tehran’s drones
Despite growing Western alarm over the Islamic Republic’s drone shipments to Russia, the Iranian official said 90 countries were “queuing up” for purchases of the same products. A senior Iran Intelligence Ministry official said China was among 90 countries “queuing up” to buy Iran-made drones, according to a report by …
Read More »China Hasn’t Given Up on the Belt and Road
Beijing’s Development Aid Plan Is Less Flashy—but No Less Ambitious In the decade since Chinese leader Xi Jinping announced the Belt and Road Initiative, Beijing’s huge infrastructure and investment program has become a defining part of its foreign policy. In the BRI’s early years, dozens of emerging economies in Africa, …
Read More »Indian refiners purchase Russian crude in Emirati currency: Report
India has disregarded pressure imposed by western nations, and continues to engage in trade and energy cooperation with Russia Indian oil refiners have started purchasing the majority of their Russian oil via UAE-based traders using dirhams, the Gulf state’s currency, instead of the US dollar, a number of informed sources …
Read More »Central Asian Leaders Face Key Energy Sector Choices
Several Central Asian states are attempting to realign their energy routes and usage in response to Russia’s invasion of Ukraine and rising domestic demand. Moscow and Tehran both possess the willingness and ability to disrupt or threaten Central Asian energy export routes. China is a major market for Central Asian …
Read More »‘It’s a surveillance balloon,’ Pentagon says, dismissing China’s weather airship claim
The Pentagon on Friday rejected China’s claim a balloon floating above the central United States was a Chinese civilian weather research craft, though the Defense Department said the airship posed no threat to Americans on the ground. “The fact is we know that it’s a surveillance balloon,” Air Force Brig. …
Read More »Conflict Trends Update
IRAN The government confirmed a drone attack Sunday on what it described as a defence ministry workshop in Isfahan. There were no reported injuries, and officials said the damage was minimal. In a subsequent letter to the UN Security Council, the foreign ministry pinned responsibility on Israel, whose role has …
Read More »Biggest Gift to Iran’s Mullahs, China and Russia: Biden Administration’s Weak Leadership
Thanks to the Biden administration’s weak and vacillating leadership, Iran, Russia and China have been emboldened to levels never before seen. [T]he Biden administration has not been taking any action to deter, disincentivize or punish those who breach the sanctions. Ever since the Biden administration assumed office, in fact, Iran’s …
Read More »India raises defence budget to $72.6 bln amid tensions with China
India proposed on Wednesday 5.94 trillion rupees ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period’s initial estimates, aiming to add more fighter jets and roads along its tense border with China, Reuters reported. Finance Minister Nirmala Sitharaman allocated 1.63 trillion rupees for …
Read More »China adds 22 ships to world’s largest coast guard fleet, Japanese news agency says
The Chinese coast guard, already the largest in the world, is set to expand even further with the addition of more than 20 warships, according to a Japanese news agency. The addition of 22 former navy corvettes to China’s coast guard will give it more than 150 patrol vessels with …
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