18 Mar 2019

Rouhani says Iran will file legal case against U.S. for sanctions

On Monday, Iranian President Hassan Rouhani stated in a speech that his government is filing a lawsuit in Iranian courts against American officials who orchestrated the US sanctions that were reimposed on the country after the US pulled out of the 2015 Iran nuclear deal. Rouhani said that the legal

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13 Mar 2019

Iran warns of firm response if Israel acts against its oil shipments

One week after Israeli Prime Minister Benjamin Netanyahu warned that the country’s navy may take action against Iranian oil “smuggling” efforts that violate US sanctions, the Iranian government stated that the country was ready to “firmly respond” to Israeli naval action against Iranian shipping lines. Iran’s ability to export oil

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12 Mar 2019

The U.N. Is Investigating Possible North Korea Sanctions Violations in 20 Countries

A new report by a United Nations (UN) expert panel lists various possible violations of UN sanctions on North Korea that are being investigated. A total of 20 countries may have violated the sanctions, including China, Syria, Iran, Libya and Sudan. The report also mentions that North Korea is increasingly

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06 Mar 2019

North Korea rebuilds part of missile site as Bolton warns of more sanctions

Even though North Korea last year promised to destroy the Sohae Satellite Launching Station, which is part of the country’s nuclear program, part of the rocket test site has recently been restored. The North Korean pledge was made during the first US-North Korea summit last year, but had already been

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26 Feb 2019

Despite sanctions, Russian tanker supplied fuel to North Korean ship-crew members

According to two crew members of a Russian tanker owned by Primportbunker, the vessel was used to transfer fuel to a North Korean vessel in four separate occasions between October 2017 and May 2018. The transactions represent violations to international sanctions that have been placed on North Korea, such as

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12 Feb 2019

Venezuela hopes to create non-dollar trading bloc

Venezuela is seeking to build a trade bloc that conducts transactions outside the U.S. dollar, allowing it to finalize oil sales beyond the reach of U.S. sanctions. China, Russia, and India are Venezuela’s prospects for the bloc. “We can all build one economy and that economy does not necessarily have

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31 Jan 2019

Venezuela’s Maduro Has 20 Tons of Gold Ready to Ship. Address Unknown

Sources have indicated that the Maduro regime in Venezuela has set aside nearly $1 billion in gold reserves, around 20% of the country’s total, for departure to an unknown location. The regime has been propped up from complete collapse through billions of dollars from Russia and China, and some have

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29 Jan 2019

Treasury sanctions Venezuela’s state-owned oil firm

The U.S. has announced targeted sanctions against Venezuela’s state-owned PDVSA. Rather than imposing a complete embargo on Venezuelan oil exports, however, the sanctions target only sales whose funds could be accessed by the Maduro regime. The sanctions, therefore, are working to transfer oil wealth away from the Maduro regime, where

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24 Jan 2019

Iran discovers oil in Abadan region: minister

The Iranian Oil Minister has announced the discovery of oil deposits in its southwestern province bordering Iraq for the first time. The estimated size of the deposit has not been shared, but it comes at a time of U.S. sanctions that have created difficulties for Iranian oil exports. The U.S.

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17 Jan 2019

Trump considering oil embargo, recognition of Juan Guaido as Venezuela’s legitimate President

President Trump is reportedly considering the possibility of recognizing the President of the Venezuelan National Assembly and leader of the political opposition bloc as the country’s legitimate president, according to several sources. President Trump is also reportedly considering a full embargo against Venezuelan oil, which would increase US gas prices by

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