Western sanctions on Iran are biting so deep that even fishermen who make the two-hour journey across the Strait of Hormuz at night to Oman to smuggle flat-screen televisions, cell phones and food say they’re feeling the pain.
New European Union sanctions on Iran’s largest ports operator will curb billions of euros in otherwise legal trade, if EU authorities police those seeking ways around the rules, according to trade lawyers, shipping and insurance executives and EU officials.
An earthquake hit the south of Iran near the Strait of Hormuz this morning, 100 miles east-southeast of Bandar Abbas. Iranian seismologists confirmed the tremor, according to the state-owned Islamic Republic News Agency.
A ship that will carry aid from the Iranian Red Crescent Society will leave June 27 on a voyage through the Suez Canal to the Gaza Strip, said Abdolrauf Adibzadeh, the relief group’s head of international affairs.
Iran will soon deliver a 100,000- liter consignment of its first domestically produced jet fuel to “foreign buyers,” Tehran Times reported citing Jalil Salari, the managing director of the National Iranian Oil Products Distribution Co.