Latest Sanctions and embargoes News

Hezbollah downplays US sanctions on Iran

Aug. 14, 2018 4:37 PM EDT

BEIRUT (AP) — The leader of Lebanon's militant Hezbollah movement said Tuesday that U.S. sanctions against Iran and his Iran-backed group will not have major effects on them and will not lead to regime change in Tehran. Hassan Nasrallah said in a speech marking the 12th anniversary of the end of the 34-day...

The Latest: Turkey says it will help firms hit by turmoil

Aug. 14, 2018 11:49 AM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 5:25 p.m. Turkey's finance minister says his government is working on steps to help banks and support companies affected by the currency crisis. Treasury and Finance Minister Berat Albayrak said: "We will make all kinds of...

Turkey tries to contain crisis but currency keeps falling

Aug. 13, 2018 12:26 PM EDT

ANKARA, Turkey (AP) — Turkey's central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over...

Iran's top leader says no war or talks with US

Aug. 13, 2018 10:09 AM EDT

TEHRAN, Iran (AP) — Iran's supreme leader said Monday that his country will neither go to war nor enter into negotiations with the United States as the Trump administration restores sanctions lifted under the 2015 nuclear deal. In remarks carried by state television, Ayatollah Ali Khamenei said "along with...

The Latest: Germany urges solution on Turkish prisoners

Aug. 13, 2018 9:56 AM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 4:55 p.m. Germany's foreign minister says it would be in Turkey's own interest to come to an agreement with the United States and others on the release of foreign prisoners. Angered by the continued detention of an American...

Rival Korea leaders to meet in Pyongyang in September

Aug. 13, 2018 6:36 AM EDT

SEOUL, South Korea (AP) — The rival Koreas announced Monday that North Korean leader Kim Jong Un and South Korean President Moon Jae-in will meet in Pyongyang sometime in September, while their envoys also discussed Pyongyang's nuclear disarmament efforts and international sanctions. The push for what...

Newest US sanctions against Russia hit an economic nerve

Aug. 13, 2018 12:08 AM EDT

WASHINGTON (AP) — Russia typically brushes off new U.S. sanctions. Not this time. The Trump administration announcement of export restrictions in response to accusations Moscow used a nerve agent to poison a former Russian spy in Britain sent the ruble tumbling to a two-year low and drew a stern warning...

Iran said to cancel visit by Iraq's prime minister

Aug. 12, 2018 1:20 PM EDT

BAGHDAD (AP) — Iran has cancelled a visit by Iraq's prime minister after he said that while he was opposed to renewed U.S. sanctions on Tehran he had no choice but to abide by them, an Iraqi official said Sunday. Prime Minister Haider al-Abadi was to visit Iran and Turkey later this week. The official said...

Iran: China's state-owned energy CNPC takes over French TO

Aug. 11, 2018 2:47 PM EDT

TEHRAN, Iran (AP) — Iran's official IRNA news agency is reporting that China's state-owned petroleum corporation has taken a majority share of the country's South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic sanctions against Iran. The...

New US sanctions could pitch Russia relations to new low

Aug. 11, 2018 12:24 PM EDT

WASHINGTON (AP) — Russia typically brushes off new U.S. sanctions. Not this time. The Trump administration announcement of export restrictions in response to accusations Moscow used a nerve agent to poison a former Russian spy in Britain sent the ruble tumbling to a two-year low and drew a stern warning...