Latest Sanctions and embargoes News
US and UK issue new sanctions on Iran in response to Tehran's weekend attack on Israel
WASHINGTON (AP) — The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle East. Treasury's Office of Foreign Assets Control targeted 16 people and two entities in...
The Latest | Officials at Group of Seven meeting call for new sanctions against Iran
Israel has vowed to respond to Iran’s unprecedented weekend attack, leaving the region bracing for further escalation after months of fighting in Gaza. Israel’s allies have been urging Israel to hold back on any response to the attack that could spiral. Officials at a Group of...
European Union official urges G7 to step up air defense for Ukraine and expand Iran sanctions
CAPRI, Italy (AP) — The European Union’s top diplomat urged foreign ministers from leading industrialized nations Thursday to take quick, concrete steps to provide more air defense systems to Ukraine, warning that continued delays could tilt the war in Moscow’s favor. EU...
US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
MIAMI (AP) — The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro's attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC...
EU leaders vow to impose tougher sanctions against Iran as Ukraine's president pleads for support
BRUSSELS (AP) — European Union leaders vowed on Wednesday to ramp up sanctions against Iran as concern grows that Tehran's unprecedented attack on Israel could fuel a wider war in the Middle East. Ukrainian President Volodymyr Zelenskyy used the summit to remind the leaders that his country still...
Regulators pleased Union Pacific is using fewer temporary shipping limits
OMAHA, Neb. (AP) — Union Pacific dramatically reduced its use of temporary limits on some businesses' shipments over the past year after its customers complained, but regulators said Wednesday the railroad must go further to be in line with the other major freight railroads that rarely use such...
G7 ministers eye targeted sanctions on Iran and a message of restraint for Israel at Italy meeting
CAPRI, Italy (AP) — Group of Seven foreign ministers are meeting on the Italian resort island of Capri, with the agenda topped by calls Wednesday for targeted new sanctions against Iran over its attack against Israel and more aid to Ukraine to fight Russia’s war. Under Italy’s...
Envoy says US is determined to monitor North Korean nukes, through UN or otherwise
SEOUL, South Korea (AP) — The United States and its allies are discussing options “both inside and outside the U.N. system” to create a new mechanism for monitoring North Korea over its nuclear weapons program, the American ambassador to the United Nations said Wednesday. ...
Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions
WASHINGTON (AP) — Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's "malign and destabilizing activity” in the region....
China sanctions 2 US defense companies and says they support arms sales to Taiwan
BEIJING (AP) — China on Thursday announced rare sanctions against two U.S. defense companies over what it called their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement...
