A sanctioned Iranian oil magnate and his brother have used aliases and Caribbean “golden passports” to amass a $29 million luxury real estate portfolio in Dubai, property records show. Hossein Shamkhani and his brother, Abolfazl, are the sons of Ali Shamkhani, a political adviser to Iran’s late Supreme Leader Ayatollah …

Iran plans Hormuz transit fees amid war tensions, signalling a major shift from military conflict to economic control over global trade routes. The global attention around the world has largely focused on military developments as tensions escalate following Israel’s strikes on Iranian-linked facilities near the South Pars gas field. The …

The Trump administration is considering peace talks with Iran after weeks of rising tensions, although hostilities may continue for several more weeks during initial diplomatic efforts. US and Israel first hit Iran with air strikes on February 28 following which Tehran’s response has engulfed the Middle East in the conflict. …