All articles tagged with #ofac sanctions
Amid ongoing talks to end Iran's war, Tehran pushes a 60‑day truce-based toll through the Strait Authority requiring vessel registration and Iranian insurance. Western insurers call it unworkable and sanction-risky, prompting shippers to bypass Iranian waters via the US-protected Oman route; Lloyd's launches a large insurance facility to cover remaining traffic, but mine clearance remains urgent to restore pre-war volumes.
The U.S. Treasury’s $275 million settlement with Adani Enterprises over Iranian sanctions, paired with reports that the DOJ will drop criminal charges against Gautam Adani, signals reduced legal risk for the group and could reopen international capital markets and accelerate its expansion plans.
Nicolás Maduro and his wife were captured by US forces in a Caracas raid and are back in a Manhattan federal court to face narco-terrorism charges, with prosecutors alleging he led a corrupt regime that protected drug trafficking; the case includes funding disputes over his defense under OFAC sanctions, as Venezuela reshapes its leadership under acting president Delcy Rodríguez.