Topic
20 articles
Iran's foreign minister said the ball is in America's court to save the 2015 nuclear deal, calling for a political decision from Washington. Indirect talks in Vienna remain stuck over sanctions relief and guarantees for the future.
Cuba's national power grid collapsed on Sunday, causing a nationwide blackout just days after prolonged outages. The failure comes amid fuel shortages blamed on US sanctions, with authorities yet to announce the cause or restoration timeline.
Despite war with the U.S. and harsh sanctions, Iran's economy endures thanks to domestic diversification, gray trade, and informal labor. But soaring inflation and a shrinking middle class mean ordinary Iranians bear the heaviest burden. The current model, welfare economists say, is an expensive way to survive — not a recipe for recovery.
The US State Department has renewed sanctions waivers for Iranian crude oil exports for 120 days, permitting countries such as China and India to continue purchases. This decision seeks to stabilize global energy markets while maintaining pressure on Iran's nuclear and missile programs.
Cuba's Communist Party has approved an unprecedented package of market-oriented economic reforms to revive its crisis-hit economy amid escalating U.S. sanctions. President Miguel Diaz-Canel acknowledged domestic factors contributing to the crisis, while the EU passed a resolution calling for sanctions against him and urging political change. The U.S. has signaled potential for improved relations if Cuba makes smart decisions.
Iranian Foreign Minister Abbas Araghchi called for expanded cooperation with Venezuela during a phone call with his counterpart. Both nations, facing U.S. sanctions, stressed common ground and strategic partnership.
The US Treasury Department announced sanctions on Iranian cryptocurrency companies and individuals accused of facilitating money laundering and sanctions evasion. The measures target mining firms and cross-border fund transfers amid rising US-Iran tensions.
Iranian lawmakers have called for expanded import-export corridors to counter U.S. sanctions and diversify trade routes. The initiative aims to secure essential supplies and reduce dependence on controlled sea lanes.
Iranians are facing soaring meat and essential goods prices due to U.S. sanctions and lockdowns. For Eid al-Adha this year, Tehran authorities are selling sacrificial meat at subsidized prices to curb inflation. The move comes as demand for red meat has fallen 50% year-on-year, with many families switching to cheaper alternatives.
