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...Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost even as western countries discuss stepping up sanctions in response to its attack on Israel....
...Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services....
...Janet Yellen, US Treasury secretary, said: “We will continue to deploy our sanctions authority to counter Iran with further actions in the days and weeks ahead.”...
...G7 nations have escalated warnings to Iran over military co-operation with Russia, including the transfer of advanced rockets, saying they are preparing to hit Tehran with a new wave of sanctions....
...The warning was issued as the US and UK announced new sanctions on Iran’s drone programme in response to Saturday’s strike on Israel....
...Iran’s foreign ministry has summoned the UK ambassador to Tehran, Simon Shercliff, in protest at what it called London’s “illegal sanctions” and “baseless accusations”....
...Iran is already subject to hundreds of western sanctions, including for supplying drones to Russia for use against Ukraine....
...Israel’s foreign minister on Tuesday demanded new sanctions on Iran as top officials met for a third day in response to Tehran’s weekend attack....
...Ursula von der Leyen, European Commission president, said sanctions on Iran’s “drone and missile programmes” were being considered. Much also depends on Israel’s response....
...Janet Yellen, US treasury secretary, on Tuesday said the administration was poised to take “additional sanctions action against Iran in the coming days”....
...Clip: ABC News Free links to read more on this topic: Ukraine’s air defence struggle highlights risks to Israel US and EU prepare fresh sanctions against Iran after Israel attack The Biden dilemma on...
...The hardliners favour partnerships with Russia and China, arguing US sanctions against Iran help the country to enhance its self-reliance....
...Washington and the EU are also preparing new sanctions on Iran in response to its missile and drone attack on Israel over the weekend and as part of their efforts to prevent a forceful retaliation from Israel...
...We have an exclusive story on Iran’s oil exports reaching a six-year high and giving its economy a $35bn-a-year boost despite sanctions....
...The US and UK on Thursday unveiled fresh sanctions on Iran, including targeting individuals and companies involved in drone production....
...Among the sanctions under consideration would be a ban on flights from Iran Air, the country’s flagship carrier, into Europe....
...Iran has summoned Britain’s ambassador in Tehran after the UK and US imposed sanctions on Iranian officials and intelligence officers accused of running a global “murder-for-hire” scheme targeting dissidents...
...Since then US president Donald Trump in 2018 abandoned the nuclear deal Iran signed with world powers and imposed crippling sanctions, the country has endured deep economic stress....
...After the FT broke the news of the talks, Iran’s IRNA state news agency quoted an “informed source” as saying the discussions were limited to the lifting of US sanctions on Tehran....
...Mentioned in this podcast: Iran oil exports hit 6-year high as west prepares sanctions Majority of EU states object to capital markets reform push US deficit poses ‘significant risks’ to global economy...
...The US also helped Israel intercept a barrage of Iranian missiles and drones fired from Iran, passed a massive defence bill that includes aid for Israel, and vetoed a resolution at the UN Security Council...
...US secretary of state Antony Blinken and UK Prime Minister Rishi Sunak both said western countries were preparing sanctions on Tehran as they sought to prevent escalation into a full-blown Middle East war...
...World leaders condemned Iran’s government crackdown and imposed sanctions on its political elite....
...The US withdrew from the agreement in 2018 and imposed a swinging package of economic sanctions on the Islamic republic....
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