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Friday, August 7, 2026

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Tag: Hard Currency

Iraq to Trade Crude Oil for Iranian Gas To Settle Power...

July 12, 2023

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WASHINGTON, Aug 6 (Reuters) – U.S. President Donal

WASHINGTON, Aug 6 (Reuters) – U.S. President Donald Trump on Thursday told reporters that he believed the war with Iran would be over soon and said the armed forces were experiencing issues with supplies of some weapons.

“I think it’s going to end pretty soon. I don’t think they can go much longer,” Trump said in the Oval Office in a reference to Iran.

Reuters reported on Tuesday that the U.S. Army had used up much of its global stockpile of highly accurate long-range missiles during its five-month war with Iran.

When asked about the status of munitions stockpiles, Trump said the country had an almost unlimited supply of certain weapons but acknowledged inventories of others were limited.

“We have certain types of munitions that are very powerful, that we have unlimited, virtual unlimited supply. We have others where it’s a little bit tighter,” Trump said.

Trump said U.S. defense companies were building more production plants, including facilities for Patriot and Tomahawk missiles.

(Reporting by Jacob Bogage in Washington, writing by Jasper Ward;Editing by David Ljunggren)

RIYADH, Aug 6 (Reuters) – Saudi Arabia expects imm

RIYADH, Aug 6 (Reuters) – Saudi Arabia expects imminent coordinated attacks from the north and south by Iraqi militias and Yemen’s Houthis under the supervision of Iran‘s Islamic Revolutionary Guard Corps, a senior Saudi official said on Thursday.

The official, speaking on condition of anonymity, said intelligence reports from Saudi Arabia, the United States and other regional countries indicated civilian and economic sites could be targeted, including energy infrastructure, ports and airports.

Saudi Arabia had also observed drones and missiles being moved, suggesting coordinated operations from both directions, the official said.

The official said the reported threats were particularly alarming as Riyadh continued to pursue de-escalation and a negotiated settlement, adding that contacts with all parties, including Iran, and mediation efforts appeared to be moving “in the right direction.” The official said the planned attacks could be intended to disrupt those diplomatic efforts.

The official said Saudi-U.S. cooperation remained “very high” at all levels, including operationally with U.S. Central Command, and said Saudi Arabia was prepared to take all necessary measures to respond to any aggression.

On July 29, Saudi Arabia said it carried out strikes with CENTCOM against Iran-backed groups in Iraq after blaming them for drone attacks on its oil facilities. Iraqi militias said they would respond to the Saudi strikes.

Tensions between Saudi Arabia and the Houthis have escalated in recent weeks after the Iran-aligned group imposed what it describes as a naval blockade on the kingdom in the Red Sea and claimed a series of attacks on Saudi shipping and military targets. Saudi Arabia has responded to the recent Houthi attacks with strikes on military sites in Yemen.

(Reporting by Timour Azhari in Riyadh; Writing by Enas Alashray; Editing by Chris Reese and Daniel Wallis)

By Jonathan Saul LONDON, Aug 6 (Reuters) – A propo

By Jonathan Saul
LONDON, Aug 6 (Reuters) – A proposed deal between Iran and Oman that would give Tehran control over ships entering the Persian Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources said.

Until U.S.-Israeli airstrikes at the end of February unleashed war in Iran, the narrow waterway between the [Persian] Gulf and the Indian Ocean was the main route for about a fifth of world oil supplies and other vital goods. It was freely open to all ships with no fees.

Control of the strait has been the biggest sticking point in efforts to end the conflict.

Under the latest proposal, Tehran would be able to intervene if necessary with any inbound traffic, while outbound traffic would follow a route between Iran and Oman, with exit clearance granted through Oman after notifying Iran, a senior Iranian source told Reuters this week.

The ability of merchant ships to navigate international waterways “safely, predictably and without unnecessary impediment is fundamental to resilient supply chains, economic stability and energy security,” the world’s leading shipping associations said in an open letter this week.

Introducing compulsory charges through the strait for transit or service fees was “a toll in all but name”, the letter said, which was sent to the UN’s shipping agency.

“It would establish a precedent that could undermine the internationally recognised legal framework governing straits used for international navigation and transit passage.”

What is known as a two-way traffic separation scheme was adopted by the UN’s shipping agency in ⁠1968 with the agreement of countries in the region. It created the current ship routing system that split sailing corridors through Iranian and Omani waters.

Iran is seeking fees of between 5% and 7% of the price of cargoes from ships using the strait, according to the senior Iranian official. Oman is discussing fees of around 3%, while Washington wants no fees at all.

GENEVA, Aug 5 (Reuters) – At least 56 people have

GENEVA, Aug 5 (Reuters) – At least 56 people have been executed in Iran on national security-related charges since March 19, including 27 in cases linked to protests at the start of the year, United Nations human rights chief Volker Tuerk said on Wednesday.

“I am alarmed by the rise in executions and death sentences issued in Iran since March, and that capital punishment continues to be used to instil fear among the population and suppress dissent,” Tuerk said in a statement.

Iranian authorities killed thousands of people during anti-government protests in January, Iran‘s worst domestic unrest in decades.

Rights groups say the government has continued to crack down on opponents during the war – sparked by U.S.-Israeli strikes on Iran since the end of February.

Tuerk said more than 100 people face the risk of execution on similar security-related charges, while executions for drug-related offences were also continuing at an “alarming rate.”

He urged Tehran to halt all executions, move towards abolishing the death penalty and raised concerns about what he described as failures to uphold fair trial and due process.

Iran‘s diplomatic mission in Geneva did not immediately respond to a request for comment. Iranian officials have defended the country’s judicial processes and the use of capital punishment as consistent with domestic law and necessary for public security.

(Reporting by Olivia Le Poidevin, editing by Thomas Seythal)

Aug 6 (Reuters) – Israel said two of its soldiers

Aug 6 (Reuters) – Israel said two of its soldiers were killed in southern Lebanon on Wednesday while Lebanese authorities said Israeli retaliatory attacks killed at least one person, a flare-up in violence that coincided with the latest round of talks between the two countries.

The Rome talks, which began on Tuesday and are expected to continue through Thursday, come after the two countries agreed in June to a U.S.-brokered security arrangement intended to ease hostilities along the border.

Despite the ceasefire, Israel declared a buffer zone in southern Lebanon where its troops continue to operate to eliminate what it says is the threat of the Iran-backed group, Hezbollah, on its border.

The two soldiers were killed and four others wounded by an explosion in a building they had entered as part of a security sweep, according to Israel’s Army Radio on Thursday.

Citing a security source, Army Radio said that it was still unclear when the explosive device had been planted in the building, whether it was before or after the ceasefire.

The Israeli military on Wednesday initially described the incident as “a blatant ceasefire violation” by Hezbollah, for which it launched a series of retaliatory strikes in southern Lebanon.

But on Thursday, in a statement mourning the death of the soldiers, Israeli Defence Minister Israel Katz did not mention Hezbollah or a ceasefire violation, suggesting Israel was not looking to escalate attacks.

The Israeli military’s website shows the last date a soldier was killed in southern Lebanon was June 28.

The Lebanese health ministry said on Wednesday one person was killed and 12 others were wounded in an Israeli strike on the southern town of Tibnin, about 25 km (15 miles) from Mansouri, for which the Israeli military had issued an evacuation warning – the first online warning for Lebanon in more than a month.

(Reporting by Nayera Abdallah and Maayan Lubell; Editing by Clarence Fernandez, Kate Mayberry and Toby Chopra)

Aug 5 (Reuters) – Iranian President Masoud Pezeshk

Aug 5 (Reuters) – Iranian President Masoud Pezeshkian said in an interview aired by state TV on Wednesday that interaction with the country’s Supreme Leader Mojtaba Khamenei is currently “very difficult”.

Mojtaba has not made any public appearances since he became supreme leader, replacing his father, Ayatollah Ali Khamenei, who was killed in one of the first strikes launched against Iran by the U.S. and Israel.

(Reporting by Elwely Elwelly; Editing by Nia Williams)

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