Sanctions noose tightens on Iran

A man takes a glance at a newspaper with a picture of US president Donald Trump on the front page in this July 31, 2018 photo. Iran has been gripped by protests countrywide amid an economic crisis that is expected to worsen as economic sanctions by the US take effect Monday, August 6, 2018. (AFP/ATTA KENARE)
Updated 06 August 2018
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Sanctions noose tightens on Iran

  • New penalties begin today ... with more to follow in November 
  • Trump withdrew US support for a 2015 deal under which sanctions would be lifted in return for curbs to Iran’s nuclear program

LONDON: Iran is staring into the economic abyss as the US today restores crippling sanctions that have already sparked protests countrywide and sent the value of the Iranian rial tumbling.

The US Treasury Department’s new sanctions are wide-ranging and block Tehran from acquiring US dollars, and trading in gold and other precious and industrial metals. 

They also cover the automotive sector and debt markets — effectively preventing the country from seeking relief at home by raising international capital. The measures even extend to the sale of pistachio nuts and Persian rugs. Further sanctions targeting the banking and energy sectors will follow on Nov. 4.

US Secretary of State Mike Pompeo said Iran had treated its people “very poorly” as he wrapped up a three-day trip to Southeast Asia in Indonesia.

“President Trump has always said he is prepared to talk, but it’s important that Iran has to be committed to changing its ways in order for those discussions to prove of any value,” he said.

The crisis has led to protests around the country demanding regime change. Iranians complain that they face economic deprivation while their government squanders cash on military adventures in Lebanon, Syria and Yemen. 

Iran has witnessed angry protests over the past week over rampant inflation that is being made worse by the weakening of the Iranian currency.

Footage posted online showed people in Tehran shouting: “Death to the dictator,” in a reference to supreme leader Ayatollah Ali Khamenei.

President Donald Trump announced in May that the US was withdrawing from an international accord struck in 2015 under which sanctions would be lifted in return for curbs to Iran’s nuclear program.

Meanwhile corporations have been racing to finalize deals before sanctions resumed and Iran bought five new commercial planes on Sunday. The ATR72-600 aircraft are made by a company jointly owned by European consortium Airbus and Italy’s Leonardo.

Tensions have risen in the Arabian Gulf and the Islamic Revolutionary Guard Corps confirmed on Sunday they had held war games in the region in recent days. A US military spokesman said they had detected increased Iranian naval activity in the Gulf. 

 


Iraq court condemns to death ‘deputy of Daesh leader’

Updated 19 September 2018
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Iraq court condemns to death ‘deputy of Daesh leader’

  • An Iraqi courtsentenced to death by hanging one of the most prominent leaders of Daesh
  • Al-Ithawi was extradited from Turkey earlier this year having fled Syria as the group’s self-proclaimed “caliphate” crumbled

BAGHDAD: An Iraqi court on Wednesday sentenced a prominent militant described as a deputy of Daesh group leader Abu Bakr Al-Baghdadi to death on terrorism charges.
“The Karkh criminal court in Baghdad sentenced to death by hanging one of the most prominent leaders of Daesh, who served as a deputy of Baghdadi,” judicial spokesman Abdel Sattar Bayraqdar said.
Ismail Alwan Salman Al-Ithawi was extradited from Turkey earlier this year having fled Syria as the group’s self-proclaimed “caliphate” crumbled.
He was tracked and detained through cooperation between Turkish, Iraqi and US intelligence agencies, a senior Iraqi official told AFP in February.
A native of the Iraqi city of Ramadi, Ithawi was accused of holding several positions including Daesh “minister” in charge of religious edicts.
Iraq declared “victory” over Daesh In December after a three-year war against the extremists who once controlled nearly one third of the country as well as swathes of neighboring Syria.
Baghdadi has been pronounced dead on several occasions, but an Iraqi intelligence official said in May that he remained alive in Syrian territory by the Iraqi border.
The Daesh chief called on Muslims to wage “jihad” in a purported new audio recording released last month.