Treasury Department tells US banks to flag suspected Iranian money-laundering networks

The Treasury Department wants U.S. banks and other financial institutions to monitor for suspected Iranian money laundering networks that use their funds to smuggle sanctioned oil through shell companies and crypto networks. The move, which effectively deputizes the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the U.S. and Iran reached another…

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Russia, Ukraine trade blame for continued fighting as US-brokered ceasefire nears end

A U.S.-brokered ceasefire between Russia and Ukraine was due to expire on Monday with both sides accusing each other of breaching the 72-hour arrangement, as American and European officials considered how they might steer the warring countries into further talks. Ukrainian authorities said Monday that Russian drones, bombs and artillery shelling struck civilian areas of…

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Sudan blames Ethiopia, UAE for recent drone attacks: What we know

The Sudanese government has accused Ethiopia and the United Arab Emirates of being behind recent drone attacks, including at Khartoum airport. Military spokesperson Brigadier General Asim Awad Abdelwahab told a news conference on Tuesday that Sudan’s government, which has recalled its ambassador from Ethiopia, had obtained evidence of four drone attacks since March 1 originating…

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US attempt to open the Strait of Hormuz tests Iran war’s fragile ceasefire

The Iran war risked reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, though a ceasefire seemed to be holding Tuesday even after the United Arab Emirates said Iran fired missiles and drones at it. Iran’s powerful parliamentary speaker and chief negotiator, Mohammad Bagher Qalibaf, accused the U.S. of…

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