Outgoing Iranian President Mahmoud Ahmadinejad claims to have left his successor with more than $100 billion in “foreign currency reserves,” including significant gold reserves.
A group of former U.S. officials who advocate for softer policies on Iran is asking the Obama administration to “rebalance” its approach to the Iranian regime by putting increased emphasis on diplomacy.
Sen. Chuck Schumer (D., N.Y.) criticized administration officials for not doing enough to penalize banks that do business with Iran on Tuesday during an appearance before the Senate Committee on Banking, Housing, and Urban Affairs.
Iran is engaged in an elaborate oil smuggling scheme that enables it to skirt international sanctions as it transmits valuable crude oil to China, according to an investigation by an Iran watchdog group released last week.
The Obama administration has granted Iran sanctions waivers to 11 countries, allowing them to import Tehran’s heavily sanctioned crude oil for another 180 days as they attempt to wean themselves off of the product.
A growing number of United States companies have been forced to disclose their business ties to Iran following the recent implementation of a sanctions measure that forced these often-clandestine dealings into the spotlight.
European Union leaders are scheduled to meet Thursday to consider United States demands that the E.U. cut off Iran’s access to a central European financial institution, according to U.S. government officials apprised of the meeting.
Billions of U.S. taxpayer dollars are being wasted in Afghanistan on fruitless reconstruction projects that are awash in corruption and have little government oversight, according to the Special Inspector General for Afghanistan Reconstruction (SIGAR).
European Union courts have quietly rolled back economic sanctions on several Iranian banks that have long been suspected of transferring funds to terrorist groups such as Hamas, Hezbollah, and Palestinian Islamic Jihad, among others.