- A West Asia crisis caused market volatility, leading to excess urea sales confined to several states, including Punjab and Haryana, on May 29, 2026.
- Military activities are underway across West Asia, with the US targeting the Iranian oil economy through sanctions.
- Iranian financial operations are being tracked, utilizing front companies in Turkey and bases in the UAE, under the scrutiny of US Treasury actions.
Reza Zarrab helped Iranians evade sanctions, with prosecutors filing a memorandum in New York and Zarrab paying bribes in Turkey.
1 report, 1 independent
Updated Jul 6
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What happened
Reza Zarrab helped Iranians evade sanctions, with prosecutors filing a memorandum in New York and Zarrab paying bribes in Turkey.
Who's involved
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Part of
Iranian financial operations are being tracked, utilizing front companies in Turkey and bases in the UAE, under the scrutiny of US Treasury actions.Also in this story
- Iranian funds are allegedly moving through the banking systems of both Turkey and Egypt, under the scrutiny of potential U.S. Treasury sanctions.
- Oil revenues are being transferred through Turkey, Oman, and UAE, with the Central Bank overseeing the deposits and transfers.
- Babak Zanjani operates companies in Iran, and his network funds are tied to the Islamic Revolutionary Guard Corps.