MTN Group wrote down its Iranian investment by R3.9-billion in the six months to end-June, and still carries R10.5-billion of Irancell net assets on its books. Both numbers now sit directly in the path of what US treasury secretary Scott Bessent has promised will be “the toughest sanctions in history” on Iran. US President Donald…
A former adviser to Iran’s central bank pushed back against U.S. President Donald Trump’s claim that the country is on the brink of economic collapse, but warned that the United Arab Emirates’ decision to sever trade ties could deepen Iran’s contraction to about 5% this year. “We should be a little bit cautious about the…
Satellite view of Iran (with mask). This image was compiled from data acquired by LANDSAT 5 & 7 satellites., Iran, Middle East, Asia, True Colour Satellite Image With Mask (Photo by Planet Observer/Universal Images Group via Getty Images) Planet Observer | Universal Images Group | Getty Images Iran summoned a Ukrainian diplomat in Tehran on…
A 30-year-old U.S. soldier was killed over the weekend in Iraq during what the U.S. military said was a controlled explosion to destroy an attack drone. Sgt. Michael Emmanuel Swinton of Fayetteville, North Carolina, was “killed in action during a controlled detonation” of the drone at Erbil Air Base in northern Iraq, the Pentagon said…
Iranian and Omani officials have met for the first time to discuss management of the Strait of Hormuz, after appearing to disagree last week on tolls and routes through the vital waterway going forward. Both countries have claimed sovereignty over the strait. “During a trip to Muscat, the first meeting of the Joint Hormuz Committee…
U.S. Ambassador to the United Nations Mike Waltz said the Trump administration is “laser focused” on addressing Iran’s nuclear program in an interview Sunday on “Face the Nation with Margaret Brennan,” as the U.S. and Iran hold thorny talks in Switzerland. Earlier Sunday, Vice President JD Vance and other U.S. officials entered a conference room…
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran’s regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent’s thinking told CBS News Saturday. The source said the Treasury intends to utilize all available authorities to make Iranian assets accessible for rebuilding and…
58m ago CENTCOM says it intercepted more Iranian missiles Iran shot seven ballistic missiles toward Kuwait and Bahrain, the U.S. military’s Central Command said in a statement late Friday night, in the latest back-and-forth between Iran and the U.S. and its Gulf allies despite a ceasefire. Six of the missiles were intercepted and one…
The United Nations reports that 1.4 million people are in need of aid in Lebanon amid Israel's attacks on the country.
American military forces carried out strikes on an Iranian island abutting the Strait of Hormuz in response to attempted Iranian drone and missile attacks, the latest clash between the two countries as President Trump pushes to strike a longer-term agreement with Iran. U.S. Central Command said in a statement Tuesday it shot down three Iranian drones that…
