Trump Announces 'Hard-hitting' Sanctions against Iran Aimed at Supreme Leader, Other Officials

Agencies
June 25, 2019

Washington, Jun 25: The United States on Monday imposed sanctions on Iran's supreme leader Ayatollah Ali Khamenei and a string of military chiefs, tightening pressure on the country that President Donald Trump threatened with "obliteration" if it seeks war.

Trump signed the punitive financial measures against in the Oval Office, calling this a "strong and proportionate response to Iran's increasingly provocative actions."

Repeating that "never can Iran have a nuclear weapon," Trump said it was now up to Tehran to negotiate.

"We do not ask for conflict," he said, adding that depending on Iran's response the sanctions could end tomorrow -- or it "can also be years from now".

Expanding on the new measures, the Treasury said the US will blacklist Iran's Foreign Minister Mohammad Javad Zarif and block "billions" more in Iranian assets, with eight top commanders from Iran's Revolutionary Guards already added to the list.

Tensions are running high after Iran shot down a US spy drone last week and Trump considered, then cancelled, a retaliatory strike.

Iran, crippled by existing US sanctions that include the blocking of most of its crucial oil exports, sought to play down the US move.

"Are there really any sanctions left that the United States has not imposed on our country recently or in the past 40 years?" Iran's foreign ministry spokesman Abbas Mousavi said shortly before Trump signed his order.

"We... do not consider them to have any impact," he said.

Amid a flurry of diplomatic activity, the US, Britain, Saudi Arabia and the United Arab Emirates urged "diplomatic solutions" in the standoff, which is playing out in a region crucial to the global economy's oil supplies.

French President Emmanuel Macron said he would use a meeting with Trump at the G20 summit in Japan to urge "a constructive solution with the aim of ensuring collective regional security."

The Kremlin, which has longstanding links to Iran's government, earlier called Monday's sanctions "illegal."

‘US policy clear’

At home, Trump has taken criticism for sending mixed messages to Iran. However, the US president insists he has a clear strategy that breaks firmly with past US policy in the tinderbox Middle East.

In a pair of tweets on Monday, Trump said US aims regarding Iran boil down to "No Nuclear Weapons and No Further Sponsoring of Terror."

On Sunday, Trump told an NBC television interview that if it came to war, Iran would experience "obliteration like you've never seen before."

Iran insists that it does not have a nuclear weapons programme. It signed onto an international pact in 2015 meant to ensure that its nuclear industry sticks to civilian uses. Trump, however, pulled the US out of the deal in 2017, seeking its collapse.

But while some in Washington see the White House's ultimate goal as regime change in Tehran, Trump says he wants to avoid war and that he's open to negotiations with Iran's leaders.

He also insists that Washington's hands are freer than in the past because its own energy production frees it of dependence on Middle Eastern oil.

This means the US should no longer be seen as the guarantor of open sea lanes in the Gulf region, which saw two mysterious attacks in mid-June on non-US tankers that Washington claims were carried out by Tehran.

"All of these countries should be protecting their own ships," Trump tweeted on Monday. "We don't even need to be there."

So far, Trump's carrot-and-stick message does not seem to be getting through to Tehran.

"America's claim of readiness for unconditional negotiation is not acceptable with the continuation of threats and sanctions," Hesamodin Ashna, an advisor to Iran's President Hassan Rouhani, said Monday on Twitter.

International diplomacy

The dispute is bound up in a complex web of regional rivalries, with US allies Saudi Arabia and Israel long pushing Washington to act aggressively against Iran.

Israel's Prime Minister Benjamin Netanyahu warned his country, which is widely believed to have an undeclared nuclear arsenal, would do "everything" to stop Iran getting such a weapon.

In New York, the UN Security Council was to meet later on Monday at the request of the US to discuss the tensions.

US Secretary of State Mike Pompeo travelled on Monday to meet with Saudi leaders to build what he called a "global coalition" against the Islamic republic. Pompeo met Saudi King Salman and Crown Prince Mohammed bin Salman in the Red Sea city of Jeddah and was later due to hold talks in the UAE.

The sultanate of Oman, meanwhile, said reports that it had served as a back channel for the US to Iran in the aftermath of last week's drone shooting were "not true."

The foreign ministry called on Iran and the US via Twitter "to show self-control and to resolve the pending issues through dialogue."

Although Trump backed away from a bombing strike in retaliation for last week's drone downing, US media reports said a US cyber attack took place against Iranian missile control systems and a spy network.

On Monday, Iranian Telecommunications Minister Mohammad Javad Azari Jahromi said no cyber attack against his country had ever succeeded.

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News Network
June 22,2020

Geneva, Jun 22: The global count of coronavirus cases has surpassed 8.7 million, with 183,020 new cases recorded on Sunday, the World Health Organisation said in its daily situation report.

Over the last 24 hours, 4,743 people died from COVID-19 worldwide, taking the death toll to 461,715 fatalities, according to the report.

The cumulative global toll of confirmed cases has now reached 8,708,008, as stated in the report.

The WHO Regional Director for Europe, Dr Hans Henri P. Kluge, shared that Europe accounts for 31 per cent of COVID-19 cases and 43 per cent of COVID-19 deaths globally.

Dr Kluge highlighted that several countries continue to face increasing disease incidence and that "preparing for the autumn is a priority now at the WHO Regional Office for Europe"

The United States continues to be worst affected by the contagion with the highest count of cases and fatalities -- 2.2 million and 118,895, respectively.

The novel coronavirus was declared a pandemic by WHO on March 11.

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Agencies
June 28,2020

Paris, Jun 28: More than 10 million cases of the new coronavirus have been officially declared around the world, half of them in Europe and the United States, according to an AFP tally on Sunday based on official sources.

At least 10,003,942 infections, including 498,779 deaths, have been registered globally.

Europe remains the hardest hit continent with 2,637,546 cases including 195,975 fatalities, while the United States has 2,510,323 infections including 125,539 deaths.

The rate of infections worldwide continues to rise, with one million new cases recorded in just six days.

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.

Many countries are testing only symptomatic or the most serious cases and some do not have the capacity to carry out widescale testing.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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