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Wednesday, June 17, 2026

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Tag: Illicit Trade

US Says It Issued Sanctions On Network Smuggling Iranian LPG

June 5, 2026

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An English-language digital media outlet with a spotlight on the global Iranian community. #kayhanlife

Iranian-born Bishop of Chelmsford, Guli Francis-De

Iranian-born Bishop of Chelmsford, Guli Francis-Dehqani speaks to Lord Forsyth of Drumlean.
She tells a remarkable personal story of survival, resilience and forgiveness - and the significance of a pillowcase which resides in her office.

By Andrew Mills, Maha El Dahan and Parisa Hafezi

By Andrew Mills, Maha El Dahan and Parisa Hafezi

DUBAI, June 16 (Reuters) – A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters.

The fund is designed to give both sides an economic incentive to conclude a final deal, said the source, who spoke on condition of anonymity because the plan has not yet been announced as Washington and Tehran prepare to sign on Friday.

U.S. and Iranian officials said on Sunday they had agreed on a framework to end their war, which began when U.S. and Israeli forces attacked Iran on February 28, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a key supply route for global oil and gas.

The new fund is a private investment vehicle, not a reconstruction or reparations program and will not include any government money or grants, the source said, adding that companies based in the U.S., the [Persian] Gulf Arab states, Asia, South America and Africa have agreed to commit financing.

Investments pledged span energy, logistics, manufacturing and transport, the source said.

A senior Iranian source told Reuters that Tehran had originally sought $400 billion as compensation for war damages from the U.S. but Washington had said it would not provide it.

The idea for the fund, which is to be named the Reconstruction and Development Fund, had then emerged.

The mechanism envisages regional countries contributing in various ways, the Iranian source said. These include securing loans, establishing credit lines or directly financing the reconstruction of sites damaged in the war, including facilities such as the Mobarakeh Steel complex, refineries, airports and, more broadly, infrastructure affected by the conflict.

Iran, one of the Middle East’s largest economies, has attracted almost no significant foreign direct investment in the past four decades, frozen out of global capital markets by successive waves of U.S. and international sanctions.

June 16 - The referee for today’s France vs Senega

June 16 - The referee for today’s France vs Senegal 2026 World Cup match is Alireza Faghani, an Australian-Iranian official. His appointment makes him the first referee in men’s World Cup history to officiate across four separate tournaments, having previously worked matches in 2014, 2018, and 2022.

WASHINGTON, June 16 (Reuters) – The U.S. will allo

WASHINGTON, June 16 (Reuters) – The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the war, a senior U.S. official said on Tuesday.

The provision for waiving sanctions on Iranian oil sales takes effect once the agreement is signed this week and also covers services including banking, transportation and insurance to facilitate the sales, the source said.

The U.S. official said the agreement has conditions.

“This is a performance-based agreement,” the person said on condition of anonymity. “Iran can only access any benefits of the MOU if they abide by all of the points they agreed to – including no nuclear weapon, neutralizing its enriched material, and not interfering with the free flow of navigation in the Strait of Hormuz.”

(Reporting by Timothy Gardner Ryan Patrick Jones in Toronto; Editing by Daphne Psaledakis, Caitlin Webber, Alexandra Hudson)

By Steve Holland and Jana Choukeir EVIAN-LES-BAINS

By Steve Holland and Jana Choukeir
EVIAN-LES-BAINS, France/DUBAI, June 16 (Reuters) – Details began to emerge on Tuesday of the U.S. and Iran‘s interim deal to end the war in the Middle East, with Donald Trump saying it will rule out a nuclear weapon for Tehran and a U.S. official saying it allows Iran to sell oil upon signing.

The interim deal is set to extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, which Iran has effectively blocked since the U.S. and Israel attacked Iran in February.

The U.S. president said the text of the deal states clearly that Tehran will not have a nuclear weapon, and the full agreement would be made public in a formal setting in a few days.

Speaking at the G7 meetings in France, Trump added that he liked the idea of sending the Iran deal to Congress for review, a request by some Republican lawmakers.

A senior U.S. official said the deal allows Iran to immediately begin selling oil and fuel, and included banking, transportation and insurance services to facilitate the sales.

The official added the agreement has conditions.

“Iran can only access any benefits of the MOU if they abide by all of the points they agreed to – including no nuclear weapon, neutralizing its enriched material, and not interfering with the free flow of navigation in the Strait of Hormuz.”

By Miguel Gutierrez and Ed White INGLEWOOD, Califo

By Miguel Gutierrez and Ed White
INGLEWOOD, California, June 15 (Reuters) – Iran kicked off their World Cup in Los Angeles on Monday, drawing 2-2 with New Zealand in front of a crowd that consisted of both fans cheering them on and Iranian Americans waving symbols of protest against the Tehran government.

The run-up to the match had been one of extraordinary drama off the pitch, with the team playing on U.S. soil barely 24 hours after a peace deal was announced to end the war that began when the U.S. and Israel attacked Iran in February.

The footballers had flown into the U.S. on Sunday from their training base in Tijuana, Mexico.

In Los Angeles – home to the biggest Iranian community outside Iran, many of whom fled the country after the Islamic Revolution – Iranian American soccer fans said they had been left torn between excitement at seeing the team on the world‘s biggest stage, anger at Tehran’s crackdown on protesters and concern about Washington’s bombing campaign.

Though most Iran fans at the stadium passionately backed their team, many signalled opposition to the government in Tehran by holding up pre-revolutionary flags – the lion‑and‑sun emblem used before 1979 and now a symbol of protest. Some went further, cheering New Zealand or booing their own side, which some Iranian Americans view as a proxy for Tehran.

Outside the stadium, several hundred held a protest, waving anti-Iranian government signs and flags.

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