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US offers $15 million for Chinese nationals accused of aiding Iran

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The United States government has placed a bounty on Liu Baoxia, also known as Emily Liu, and three other Chinese nationals accused of supporting Iran.

The 43-year-old woman, a “procurement agent and arms broker”, is on the most wanted list of the Federal Bureau of Investigation (FBI).

Liu, Li Yongxin (Emma Lee), Yung Yiu Wa (Stephen Yung) and Zhong Yanlai (Sydney Chung) allegedly aided IRGC armaments production and sales through delivery of U.S. dual-use technology.

The Department of State, through its Rewards for Justice (RFJ) program, is offering a reward of up to $15 million for information leading to their arrest.

The U.S. is working to disrupt the financial mechanisms of Iran’s Islamic Revolutionary Guard Corps and its branches, all designated Foreign Terrorist Organizations.

The government accused the IRGC of financing terrorist attacks globally, “including via its external proxies such as Hamas, Hezbollah, and Iran-backed militia groups in Iraq.”

A statement by the department said the IRGC partly funds its terrorist activities through sales of military equipment, including unmanned aerial vehicles or drones.

On Thursday, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it had sanctioned a “teapot” oil refinery and its chief executive officer.

The allegedly purchased and refined hundreds of millions of dollars’ worth of Iranian crude oil from vessels linked to the Ansarallah, aka the Houthis, and the Iranian Ministry of Defense of Armed Forces Logistics.

Secretary of the Treasury Scott Bessent stated that the teapot refinery’s purchases of Iranian oil “provide the primary economic lifeline for the Iranian regime.”

Bessent reiterated America’s commitment to “cutting off the revenue streams that enable Tehran’s continued financing of terrorism and development of its nuclear program.”

International

Trump says he thinks Putin is helping Iran

“I think he might be helping them a bit, yeah.”“I guess, and he probably thinks we’re helping Ukraine, right?”

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President Donald Trump on Friday said he believed that Russian leader Vladimir Putin is helping Iran in its war against the United States and Israel.

According to CNBC, Trump’s comment came in a radio interview with Fox News host Brian Kilmeade, and a week after the president lashed out at Fox News reporter Peter Doocy for asking him at the White House about reports that Russia was aiding Iran.

Kilmeade asked Trump on Friday: “You think Putin is helping them?”

Trump replied, “I think he might be helping them a bit, yeah.”“I guess, and he probably thinks we’re helping Ukraine, right?” Trump continued.

“Yeah, we’re helping them also,” Trump said, referring to Ukraine, which has been at war against Russia since being invaded in early 2022.

“So he [Putin] says that, and China would say the same thing, you know,” Trump told Kilmeade.

“It’s like, ‘Hey, they do it, and we do it, in all fairness,’ ” Trump said. “They do it, and we do it.”

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International

IEA agrees to release record 400 million barrels of oil to address Iran war supply disruptions

The IEA did not set out a timeline for when the stocks would hit the market

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Merchant ship on fire hits by Iran in Strait of Hormuz.

The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history.

The IEA did not set out a timeline for when the stocks would hit the market.

It said that the reserves would be released over a time frame that is appropriate to the circumstances of each of its 32 member countries.

IEA members are primarily advanced economies in Europe, North America and northeast Asia. The organization is tasked with maintaining global energy security.

It was founded in 1974 in response to the oil embargo imposed by Arab producers over U.S. support for Israel during the 1973 Arab-Israeli war.

(CNBC)

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International

Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships

The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into ‌Lebanon and thrown global energy markets and transport into chaos.

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(REUTERS): Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.

The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into ‌Lebanon and thrown global energy markets and transport into chaos.

Despite what the Pentagon has described as the most intense airstrikes since the start of the war, Iran also fired at Israel and targets across the Middle East on Wednesday, demonstrating it can still fight back.

On Wednesday, three vessels were reported to have been hit in Gulf waters as Iran’s Revolutionary Guards said their forces had fired on ships in the Gulf that had disobeyed their orders.

While Israel’s Defence Minister Israel Katz said the operation “will continue without any time limit, as long as required, until we achieve all objectives and win the campaign,” Trump suggested the campaign would not last much longer.

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