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The Iranian rial has plummeted to a record low of 1.81 million to the US dollar as a tightening US naval blockade cripples the nation’s economy. While the currency saw a brief, minor recovery from its intraday trough, the trajectory remains catastrophic. Just one year ago, the rial traded at roughly 811,000 per dollar. This…
The United States Treasury has sanctioned Hengli Petrochemical, China’s second-largest independent “teapot” refinery, for its role in financing the Iranian military. Officials allege the refinery acted as a primary purchaser of Iranian crude, funneling hundreds of millions of dollars to Tehran. This move intensifies Washington’s broader campaign to dismantle Iran’s “shadow fleet” and starve the…
The United States has lifted sanctions on Venezuela’s acting President, Delcy Rodriguez, marking a significant thaw in relations less than three months after a US military raid captured her predecessor, Nicolas Maduro. Rodriguez’s name was deleted from the “Specially Designated Nationals List,” according to a post on the US Treasury’s Office of Foreign Assets Control…
