Page 3 - Iran Economy

US predicts Iran attack on Israel, says doesn't want to be drawn into war

The United States has been on high alert about possible retaliatory strikes from Iran and US envoys have been working to lower tensions

Israel threatens to strike Iran if it launches attack from its territory

Israel's foreign minister threatened Wednesday that its country's forces would strike Iran directly if the Islamic Republic launched an attack from its territory against Israel, as tensions between the rival powers flare following the killings of Iranian generals in a blast at the Iranian consulate in Syria. If Iran attacks from its territory, Israel will respond and attack in Iran, Israel Katz said in a post on X in both Farsi and Hebrew. The remarks came after Iran's Supreme Leader Ayatollah Ali Khamenei reiterated early Wednesday a promise to retaliate against Israel over the attack on its consulate in Damascus earlier this month. Tehran holds Israel responsible for the strike that leveled the building, killing 12 people. Israel has not acknowledged its involvement, though it has been bracing for an Iranian response to the attack, a significant escalation in their long-running shadow war. Khamenei spoke at a prayer ceremony celebrating the end of the Muslim holy month of Ramadan

US blocks 13 ships facilitating illicit trade in support of Iran's military

Iran-backed Houthis have also launched attacks on commercial vessels and US naval assets using Iranian-made UAVs and missiles, according to the US State Department

We had nothing to do with it: US after attack on Iranian consulate in Syria

Shortly after an airstrike widely attributed to Israel destroyed an Iranian consulate building in Syria, the United States had an urgent message for Iran: We had nothing to do with it. But that may not be enough for the US to avoid retaliation targeting its forces in the region. A top US commander warned on Wednesday of danger to American troops. And if Israeli Prime Minister Benjamin Netanyahu's recent broadening of targeted strikes on adversaries around the region to include Iranian security operatives and leaders deepens regional hostilities, analysts say, it's not clear the United States can avoid being pulled into deeper regional conflict as well. The Biden administration insists it had no advance knowledge of the airstrike Monday. But the United States is closely tied to Israel's military regardless. The US remains Israel's indispensable ally and unstinting supplier of weapons, responsible for some 70% of Israeli weapon imports and an estimated 15% of Israel's defense budget.

Highlights: BJP fields ex-diplomat Taranjit Sandhu from Amritsar, singer Hans Raj Hans from Faridkot, ex-Cong MP Preneet Kaur from Patiala for LS 2024

From Amit Shah's visit to Assam to US Federal Chair Jerome Powell's statement on interest rates and keeping an eye on inflation, track all the news from around the world here

US imposes more sanctions on Iran, Syria penalised for drug trafficking

The United States on Tuesday imposed sanctions on a money exchanger and a group of firms across six countries involved in commodity shipments and business transactions that benefit Iran's military and the Houthi militant group in Yemen and the Hezbollah militia in Lebanon. The Treasury Department's Office of Foreign Assets Control sanctioned six firms, two tankers and a money exchanger, all either based or registered in Liberia, India, Vietnam, Lebanon or Kuwait. They are accused of materially benefiting Iran, the Houthis and Hezbollah. Hezbollah and the Houthis have been launching regular attacks since the onset of Israel's war against Hamas in Gaza, and they have sparked international concern that the war in the Palestinian enclave could spill over into the rest of the Middle East. Hezbollah militants and Israeli troops exchange fire on a near-daily basis along Lebanon's southern border, which has led to the displacement of tens of thousands of people on both sides. Despite losing

Iran condemns UN's report on protest crackdown, calls it "false and biased"

Iran's Foreign Affairs Minister spokesperson, Nasser Kanaani, said that the report was built on "baseless claims" and "false and biased information, without a legal basis"

Amid tensions, Iran to elect parliamentary, religious leaders today

Iranians are bracing for a pivotal moment as they prepare to cast their votes on Friday in parliamentary elections that will elect religious leaders, Al Jazeera reported.

Iran increased its total stockpile of uranium: UN nuclear watchdog report

Iran has further increased its total stockpile of uranium, according to a report by the United Nations' nuclear watchdog seen by The Associated Press on Monday, and continues to bar several of the most seasoned inspectors from monitoring its nuclear programme. The International Atomic Energy Agency also said in a second confidential report, distributed to member states, that Tehran made no progress in explaining the presence of manmade uranium particles found at two locations. The IAEA estimated in its quarterly report that as of February 10, Iran's total enriched uranium stockpile was at 5,525.5 kilograms (about 12,182 pounds), an increase of 1,038.7 kilograms (2,289 pounds) since the last quarterly report in November 2023. It also said that according to its assessment, Iran has an estimated 121.5 kilograms (267.8 pounds) of uranium enriched up to 60 per cent purity, which represents a decrease of 6.8 kilograms (14.9 pounds) since the last report in November 2023. The decrease is t

Iran forces kill Jaish al-Adl militant commander, his companions in Pak

In the latest development, Iran's forces, in an armed clash, attacked a militant group, one month after the two countries conducted air strikes on each other

Suspected Yemen Houthi rebel drone strikes ship as Red Sea tensions rise

A ship travelling through the southern Red Sea was attacked by a suspected Yemen Houthi rebel drone early Tuesday, authorities said, the latest assault in their campaign targeting vessels over Israel's war on Hamas in the Gaza Strip. The attack happened west of Hodeida, Yemen, and the projectile caused slight damage to the vessel's windows on the bridge, the British military's United Kingdom Maritime Trade Operations said. A small vessel had been nearby the ship before the attack, it added. The private security firm Ambrey identified the vessel as a Barbados-flagged, United Kingdom-owned cargo ship. No one was hurt onboard the vessel, which suffered minor damage, the firm said. No group immediately claimed responsibility for the attack. However, suspicions immediately fell on the Iranian-backed Houthi rebels in Yemen. Since November, the rebels have repeatedly targeted ships in the Red Sea over Israel's offensive in Gaza against Hamas. But they have frequently targeted vessels with

Iran evaded sanctions, moved money using Santander, Lloyd accounts: Report

The banks provided accounts to front companies secretly owned by a sanctioned Iranian petrochemicals company

India, Iran discuss development of cooperation between two countries

Both South Asia and the Persian Gulf have strong commercial, energy, cultural and people-to-people links, the MEA said

US doesn't seek another war: WH on drone strike by Iran-backed group

A day after three US troops were killed in a drone strike in Jordan, the White House on Monday said it does not want to seek another war or escalate the tension, but would absolutely do what is required to protect itself in the region. John Kirby, Coordinator for Strategic Communications at the National Security Council in the White House, told reporters at a news conference here that the attack also sent more than 30 US soldiers to hospital, some with serious injuries. "These troops were conducting a vital mission in the region, aimed at helping US work with partners to counter ISIS. And even as the Defense Department gathers more information about the attack, that mission must and will continue," he said. "The counter-ISIS mission is separate and distinct ..indeed it has been longstanding and unrelated to our efforts to support Israel and to prevent a wider conflict in the region," Kirby said. "We do not seek another war. We do not seek to escalate. But we will absolutely do what

Iran-backed militants launch attack on US airbase in Iraq, several injured

Earlier on Saturday, the US conducted airstrikes against a Houthi anti-ship missile that was aimed into the Gulf of Aden and was prepared to launch, the US Central Command (CENTCOM) said

Trade with Iran normal, despite tension on border: Pakistani officials

Trade activities between Pakistan and Iran remained uninterrupted at all the border points in the restive Balochistan province despite tensions between them following their tit-for-tat military strikes in each other's territory, Pakistani officials have said. On Friday, more than 100 trucks carrying vegetables and other goods crossed from the Taftan border into Iran, Makran Commissioner Saeed Ahmed Umrani said. Pakistan conducted "precision military strikes" against what it called "terrorist hideouts" in Iran's Siestan-Balochistan province that killed 9 people on Thursday. The attack was seen as retaliation to Iranian missile and drone attacks on Tuesday, which targeted two bases of the Sunni Baloch militant group Jaish al-Adl in Pakistan's unruly Balochistan province. Umrani said the positive thing was that governments on both sides now making efforts to move on with trade activities at the border crossing points of Taftan, Gwadar, Kech, Panjgur and Washuk in Balochistan. Trade h

'Minor irritants' with Iran will be resolved through dialogue, says Pak

Pakistan's top civil-military leadership at a high-level huddle on Friday concluded that the minor irritants with Iran would be overcome by the two countries mutually through dialogue and diplomacy, indicating that the unprecedented tension between the neighbours has already tapered off. Caretaker Prime Minister Anwaarul Haq Kakar chaired the meeting of the National Security Council (NSC) while services chiefs, cabinet ministers and other officials were in attendance. The forum reviewed the security situation and lauded the professional, calibrated and proportionate response by the armed forces against unprovoked and unlawful violation of Pakistan's sovereignty, as the participants were briefed about political and diplomatic developments bearing upon the prevailing situation between Pakistan and Iran and its impact on the overall security milieu in the region, an official statement said. The meeting also took stock of the Operation Marg Bar Sarmachar', which was successfully execute

US evades question suggesting talks with Pak before latter struck Iran

The US on Thursday (local time) evaded a question on whether Pakistan held prior consultations with Washington before conducting retaliatory air strikes on Iran

We must retaliate for suspected Israeli strike in Beirut: Hezbollah leader

The leader of the Lebanese militia Hezbollah said on Friday that his group must retaliate after a presumed Israeli strike hit a Beirut neighbourhood this week, killing a senior Hamas official, or else all of Lebanon would be vulnerable to Israeli attack. Hassan Nasrallah appeared to be making the case for a response to the Lebanese public, even at the risk of escalating the fighting between Hezbollah and Israel. But he gave no indication of how or when the militants would act. The strike that killed Hamas' deputy political leader, Saleh Arouri, threatened months of efforts by the United States to prevent the war in Gaza from spiralling into a regional conflict. Nasrallah said it was the first strike by Israel in the Lebanese capital since 2006. We cannot keep silent about a violation of this seriousness, he said, because this means that all of our people will be exposed (to targeting). All of our cities, villages and public figures will be exposed. The repercussions of silence are

Airstrike in Baghdad kills Iran-backed militia leader, tensions escalate

An airstrike on the logistical support headquarters of an Iran-backed militia in central Baghdad on Thursday killed a high-ranking militia commander, militia officials said. Thursday's strike comes amid mounting regional tensions fuelled by Israel-Hamas war and fears that it could spill over into surrounding countries. The Popular Mobilization Force - a coalition of militias that is nominally under the control of the Iraqi military - announced in a statement that its deputy head of operations in Baghdad, Mushtaq Taleb al-Saidi, or Abu Taqwa, had been killed as a result of brutal American aggression. It was not immediately clear who had carried out the strike. Officials with the US military and embassy in Baghdad did not immediately respond to requests for comment. The strike killed two people and wounded five, according to two militia officials who spoke on condition of anonymity because they were not authorised to speak publicly. One of the officials said al-Saidi was driving in