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US Imposes Sanctions on Dubai-Based Crypto Exchange for Alleged Iran Sanctions Evasion

US Imposes Sanctions on Dubai-Based Crypto Exchange for Alleged Iran Sanctions Evasion

The United States has imposed sanctions on Dubai-based cryptocurrency exchange Shelbit and its founder, Siavash Kayvanpour, for allegedly facilitating transactions for Iran's Islamic Revolutionary Guard Corps and other sanctioned entities. The US Treasury Department's action is part of a broader effort to crack down on sanctions evasion through cryptocurrency networks. Shelbit is accused of processing millions of dollars in digital assets for Iran's central bank and illegal gambling networks. The sanctions aim to dismantle illicit financial networks supporting the Iranian regime.
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How a Teenager Is Fighting the World's Crypto Crime Empire

How a Teenager Is Fighting the World's Crypto Crime Empire

Sanctioned by Russia while still a teenager, Alexander Browder has become a leading voice in the fight against crypto-fueled financial crime. As the founder of the Global Cryptocurrency Laundering Database and author of a Henry Jackson Society report on illicit finance in crypto markets, he reveals ...
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Iranian State Bank Freezes National Oil Company Accounts Over Debt Dispute

Iranian State Bank Freezes National Oil Company Accounts Over Debt Dispute

The Bank of Industry and Mine, a state-owned Iranian bank, has frozen the accounts of the National Iranian Oil Company (NIOC) due to outstanding debt obligations. This action comes despite statutory provisions extending NIOC's debt repayment deadlines. The freeze is linked to a dispute over electronic reporting requirements with Iran's tax authorities. NIOC, a major player in Iran's energy sector, is also affected by U.S. sanctions due to its ties with the Islamic Revolutionary Guard Corps.
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Oil gains on pending Iran-Oman deal over Hormuz

Oil gains on pending Iran-Oman deal over Hormuz

HOUSTON, Aug 7 (Reuters) - Oil prices gained on Friday as markets assessed a pending agreement between Iran and Oman that would set rules for transit of the Strait of Hormuz. Brent crude futures were up 93 cents, or 1.14%, at $83.42 a barrel at 1:14 p.m. CDT (1814 GMT).
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US expects deal soon on Strait of Hormuz; Sunni powers unite in defense pact

US expects deal soon on Strait of Hormuz; Sunni powers unite in defense pact

By Steve Holland and Timour Azhari WASHINGTON/RIYADH, Aug 7 (Reuters) - A U.S. official on Friday reported progress between Iran and Oman that could soon reopen the Strait of Hormuz, potentially restoring oil exports that have been disrupted by the five-month-old U.S. war with Iran.
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Oil prices drop as investors weigh potential Hormuz deal between Iran, Gulf states

Oil prices drop as investors weigh potential Hormuz deal between Iran, Gulf states

By Stephanie Kelly LONDON, Aug 7 (Reuters) - Oil prices edged lower on Friday as investors weighed signals that Gulf states and Iran were closing in on a deal to reopen the Strait of Hormuz under a temporary arrangement aimed at allowing for broader talks to bring the Iran war to a close.
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Brent climbs $1 on uncertainty over end to Iran war

Brent climbs $1 on uncertainty over end to Iran war

HOUSTON, Aug 7 (Reuters) - Brent crude oil climbed more than $1 a barrel on Friday over ongoing uncertainty about the negotiations in progress that determine control of, and reopen, the key shipping artery of the Strait of Hormuz. 
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Oil gains on US jobs report, worries over peace talks

Oil gains on US jobs report, worries over peace talks

HOUSTON, Aug 7 (Reuters) - Oil prices reversed course and climbed on U.S. job losses reported by the federal government and worries over talks between Iranian and U.S. negotiators to end fighting that has lasted five months.
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Oil prices firm on concerns over Strait of Hormuz plans

Oil prices firm on concerns over Strait of Hormuz plans

By Stephanie Kelly LONDON, Aug 7 (Reuters) - Oil prices edged higher on Friday on further concerns surrounding the reopening of the Strait of Hormuz and potential Iranian bans and fines on vessels it deems hostile or in violation of proposed rules. 
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Stocks close lower as investors eye Mideast talks, earnings

Stocks close lower as investors eye Mideast talks, earnings

By Chuck Mikolajczak and Shashwat Chauhan NEW YORK, Aug 6 (Reuters) - U.S. stocks finished the trading session lower on Thursday, pausing after a strong start to the week, as investors digested the latest round of corporate earnings and looked for signs of progress toward a peace deal between the
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S&P 500 struggles for direction as investors await Mideast deal; software stocks slide

S&P 500 struggles for direction as investors await Mideast deal; software stocks slide

By Johann M Cherian and Shashwat Chauhan Aug 6 (Reuters) - Wall Street's benchmark S&P 500 struggled for direction in choppy trading on Thursday as investors took a breather from a record-breaking rally earlier this week and awaited any signs of a peace deal in the Middle East.
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US stocks set for higher open as surprise payrolls fall cools rate-hike bets

US stocks set for higher open as surprise payrolls fall cools rate-hike bets

By Johann M Cherian and Shashwat Chauhan Aug 7 (Reuters) - Wall Street's main indexes were set to open higher on Friday after data showed the U.S. economy unexpectedly shed jobs last month, raising doubts about a September interest-rate hike by the Federal Reserve.