Fresh uncertainty surrounded US-Iran diplomacy after Tehran rejected Washington's demands and dismissed reports of progress, while a parallel dispute over the Strait of Hormuz intensified.
Washington moves to end temporary oil transaction relief and targets Iran-linked networks, signalling a sharper economic push as tensions in West Asia continue to impact global energy flows.
The decision comes as oil markets remain jittery. With tensions rising in the Middle East, governments and traders fear disruptions to major supply routes.
‘’Effective immediately, any country doing business with the Islamic Republic of Iran will pay a tariff of 25% on any and all business being done with the United States of America. This order is final and conclusive,’’ President Trump wrote on ‘X’, creating fresh economic troubles for the Islamic nation, which is witnessing large-scale anti-government protests.
In a statement posted on Truth Social, Trump said Venezuela has been designated a "foreign terrorist organisation" and accused the Maduro government of using oil revenues to fund "drug terrorism, human trafficking, murder and kidnapping."
The Russian envoy added, "US officials who come here do not hesitate to directly state that they are pursuing the goal of tearing New Delhi away from Moscow."
The US sanctions against individuals and a law enforcement agency in Bangladesh took us by surprise ~ especially when we found ourselves bracketed with countries like North Korea and Myanmar ~ sending shock waves throughout the power structure as well as the civil society.
China held an internal conference with foreign and domestic bank representatives to discuss ways of protecting overseas assets from potential US sanctions, media reports said on Sunday.
The President said on Friday that the nation has had to "allow the operation of the (US) dollar for trade exchange", which has been very positive, but the official currency (of the bolivar) "will once again play a strong and dominant role in the economic and commercial life of the country"
Prepared for the members of the Congress for them to take informed decisions, the report went on to warn that "India's multi-billion dollar deal to purchase the Russia-made S-400 air defence system may trigger US sanctions on India under the Countering America's Adversaries Through Sanctions Act."
