Iran

Iran must “end its arming of and support” for the Houthis in Yemen, the foreign ministers of G7 nations have said in a joint statement.

The G7 also condemned “in the strongest terms” Houthi attacks on Saudi Arabia, adding that the recent escalation in fighting against Saudi-backed forces in Yemen represented a threat to regional and global energy security.

Thousands of refugees have fled Yemen in recent days after the Iran-backed group seized territory along the country’s Red Sea coastline, including near the Bab al-Mandab Strait, a critical shipping route for global trade.

The statement comes ahead of the annual UN General Assembly in New York, where senior Iranian officials are due to speak.

“We call on the Houthis to immediately cease all military actions, all threats and attacks against civilian shipping, and to return to the political process in good faith,” said the foreign ministers of the UK, Canada, France, Germany, Italy, Japan and the United States.

It went on: “Their reprehensible actions constitute a dangerous pattern of escalation that risks further exacerbating the conflict, undermining international trade and creating global economic instability.”

“Looking forward, we will continue to support the legitimate Government of Yemen and reaffirm our strong commitment to the unity, sovereignty, independence, and territorial integrity of Yemen,” the ministers said.

Their statement was issued following a meeting on the sidelines of the UN General Assembly.

Scott Bessent says airports and companies servicing Iranian carriers risk being cut off from the US dollar system.

United States Treasury Secretary Scott Bessent says Iranian airlines could effectively be shut out of international travel from Wednesday, as Washington threatens foreign companies with secondary sanctions if they continue servicing the country’s carriers.

“On September 23, all the Iranian airlines will be shut down around the world,” Bessent told CNBC on Monday.

The warning is aimed not just at the airlines themselves, but at the airports, fuel suppliers, ticketing companies and other businesses they rely on to operate abroad.

“If they land, you cannot provide them with fuel, you cannot provide them with landing services, you cannot sell them tickets, or you will be knocked out of the dollar system,” Bessent said.

The threat marks the latest step in US President Donald Trump administration’s escalating economic campaign against Tehran, which has continued alongside the war between the US and Iran.

Earlier this month, the US Treasury imposed sanctions on all remaining Iranian airlines that had not already been targeted, as well as companies outside Iran accused of supporting the country’s aviation sector.

Iran’s aviation industry was already heavily constrained by years of US sanctions, which have made it difficult for carriers to buy new aircraft and obtain spare parts and maintenance services.

The measures are part of a much broader sanctions regime aimed at isolating Iran from the international financial system. US secondary sanctions threaten foreign companies that do business with Iran across sectors including energy, shipping, technology, gold and digital assets with penalties of their own.

China ‘very engaged’ on Iran sanctions

Bessent’s comments came a day after talks with Chinese Vice Premier He Lifeng, ahead of Trump’s meeting with Chinese President Xi Jinping on Thursday.

China is one of Iran’s most important economic partners and diplomatic backers, making Beijing’s cooperation potentially significant to Washington’s efforts to financially isolate Tehran.

Bessent said Chinese officials had been “very engaged” in the US pressure campaign. Washington was holding what he described as positive talks with Chinese financial authorities, including People’s Bank of China Governor Pan Gongsheng, about compliance with US sanctions on Iran.

In this episode of On the Record, Al Jazeera’s James Bays sits down with United Nations Secretary-General Antonio Guterres, ahead of his final UN General Assembly before stepping down in December 2026. They discuss the situation in the Middle East and its global consequences, whether the UN is still relevant in addressing today’s challenges and why Guterres believes the UN Security Council must be reformed.

Tehran, Iran – Amid dire fuel shortages and mounting economic challenges, the Iranian government is seeking cost-saving measures for government workers and other citizens to deal with the crisis.

On Saturday, the government set office attendance hours for 8am to 1pm from September 23 to the end of the current Iranian year (late March 2027), with the remaining contractual hours to be completed remotely.

Agencies must also designate one day a week when employees and managers travel to work by public transport. In recent days, government ministers have released videos showing themselves using the metro to commute to work as part of the campaign.

Metro and bus rapid transit (BRT) systems will also be free of charge until mid-November in a bid to encourage commuters to leave their cars at home. Worn-out government vehicles will also be replaced with electric, gas-powered or hybrid alternatives, although this is expected to take years to implement.

The reopening of universities is expected to be staggered and partial, with some lessons shifted online by authorities.

Government-linked offices are required to switch off heating and turn off lights after working hours, while schools, universities, healthcare facilities and operational services are to follow separate arrangements to be announced later.

President Masoud Pezeshkian signed a directive on September 12 instructing government agencies to facilitate remote work for suitable employees to save on petrol, electricity and natural gas costs for the state.

“We have begun consumption savings with the government,” Pezeshkian said earlier this month. This is seen as effectively framing remote work and other measures for government workers as in line with other energy-saving measures that the government has asked of the rest of the population.

Resource-rich Iran has dealt with energy crises before, rooted in mismanagement and dated infrastructure, when similar cost-saving measures were implemented. But the added pressure of war with the United States and Israel has forced the government to think of creative solutions to energy shortfalls.

In early September, the cash-strapped government raised the price of fuel for the third tier of quotas for a second time in less than a year, meaning that people will pay double for any petrol use beyond 110 litres (29 gallons) per month. Imported vehicles and some other categories of cars are also limited to the most expensive tier of fuel.

For the first five months of the current Iranian year, which ended on August 22, average daily petrol production was 122 million litres while consumption was at 132 milion litres, highlighting a shortfall in supply versus demand. In the first half of the sixth month, the gap between production and consumption was around the same, at a 10 million litre shortfall.

The US naval blockade of Iran’s southern ports in place since July has halted fuel imports that previously helped balance the gap. The blockade has also stopped Iran from exporting its oil via supertankers transiting the Strait of Hormuz, affecting its foreign currency income. Crude stored on open waters beyond the blockade line is still being gradually sold to China.

Oil and gas facilities, petrochemical companies and major fuel depots were also bombed by the US and Israel, impacting production and distribution. Oil Minister Mohsen Paknejad said in early September that “a significant portion of production capacity has now been restored, and the process is continuing”.

As rampant inflation continues to squeeze most Iranians, data released this week by the Statistical Center of Iran also highlighted the damage the war with the US has dealt to the economy.

Iran experienced a massive 10.1 percent year-on-year fall in real gross domestic product (GDP) and a 26.4 percent fall in oil and gas extraction between late March and late June 2026, the centre’s data showed.

Including oil, industries and mining were down 14.7 percent, while construction was down by 6.4 percent, services overall by 4.8 percent, and transport, storage and communications by 17 percent.

The government has not released any information on how many workers are estimated to be affected by the remote work directive, or how it expected efficiency to be impacted.

But after decades of mismanagement, corruption and inefficiency among government-linked organisations, some Iranians believe it highlights a wider issue of state inefficiency.

“My unpopular opinion is that if 85-90 percent of government sector personnel are fired and 70 percent of ministries closed down, absolutely no problem will occur in the country,” a user named Mohsen wrote on X.

Zabihollah Salmani, a deputy head of the Administrative and Employment Organisation of Iran, told reporters during a press conference in August that more than 2.43 million were on its payroll.

If council, fire brigades, social security and non-government organisation workers were included, this would bring the number to more than four million people. The average monthly pay for government personnel at the end of the previous Iranian year in late March 2026 was around 240 million rials ($104 at the current exchange rate).

Asked by reporters how many of these employees could potentially be taken off the payroll without hurting output, Salmani said, “We do not yet have these figures.” He added that agencies were being asked to submit that information.

About 1,075,000 people are on the payroll of the Education Ministry, including teachers and trainee staff, while 600,000 employees work under the Ministry of Health and its affiliated networks, according to official figures.

Amir-Hossein, a young man working at a research centre linked with the government-funded University of Tehran, said that since the start of the month, he had been assigned two days of remote work. Working hours were set for 7am-1pm before, but are to be shifted to 8am-1pm starting from Wednesday, per the government.

His work can be done on his laptop, but might require some coordination on the phone or short commutes to other centres, he said. Overall, the remote work lifestyle has been beneficial.

“Sometimes I get more work done than I would have at the office,” he told Al Jazeera, asking not to use his full name due to security reasons.

As Amir-Hossein regularly uses online ride-hailing services to commute to and from his job, working from home has been financially beneficial for him.

An Iran-based economist who spoke to Al Jazeera on background said the government measures are essentially crisis control at best, and not a long-term solution to the problem.

Amid the US-Israel war on Iran, the country’s economy has suffered a sharp contraction, with its crucial oil and gas sector taking the biggest hit as the United States tightens its economic and military pressure on Tehran.

Data released by the government-administered Statistical Center of Iran showed gross domestic product (GDP) shrank by 10.1 percent year-on-year between March 21 and June 20, the first quarter of the Persian calendar.

The period covers the opening months of the US-Israel war on Iran, which began on February 28.

The economic downturn has come as Iran struggles to export its oil, one of its most important sources of foreign currency, while also contending with high inflation, a weakening rial, and disruptions to trade and industry.

Here is what you need to know:

What does the economic data say?

The headline GDP number masks an even steeper decline in Iran’s energy industry. Crude oil and natural gas activity contracted by 26.4 percent compared with the same period a year earlier. GDP excluding oil, by comparison, fell by 4.6 percent.

The damage has spread beyond the energy sector. Industry and mining contracted by 14.7 percent, services declined by 4.8 percent, and manufacturing contracted by 2.5 percent. Agriculture was the exception, growing at 2.3 percent.

Those figures come amid an already difficult economic situation in the country. Earlier this month, Iran’s 12-month average inflation reached 69.9 percent, while food, beverage, and tobacco prices rose at nearly twice that rate. Official unemployment climbed to 9.1 percent in the spring.

The rial, meanwhile, fell from about one million to the US dollar a year earlier to more than 2.2 million in early September.

What is the latest with Iran’s oil exports?

Iran’s ability to sell crude has been dramatically curtailed by the US naval blockade, imposed for most of the war.

Iranian crude and condensate loadings collapsed from about two million barrels per day in March to roughly 740,000bpd in July and just 220,000-255,000bpd in August, according to estimates from Kpler and Vortexa.

TankerTrackers.com told the Reuters news agency that 29 tankers, carrying 36.11 million barrels of crude, were trapped in the Strait of Hormuz. Meanwhile, Vortexa estimated total Iranian crude afloat had fallen from 135 million barrels at the end of July to 107 million barrels by late August.

Is Trump winning the economic war on Iran?

By several economic measures, Washington’s pressure campaign is inflicting damage on Iran’s economy.

On September 6, total trade had fallen by 25 to 35 percent, President Masoud Pezeshkian said, with imports hit harder than exports. The US blockade of the Strait of Hormuz has made it hard for ships carrying imports to reach Iranian ports.

Tehran has also explicitly linked the end of the war to economic relief. Iran’s security chief Mohsen Rezaei told Al Jazeera on Saturday that its conditions include “the release of our frozen funds and an end to the naval blockade”.

In addition to the naval blockade, US Treasury Secretary Scott Bessent last month announced an economic pressure campaign against Iran, pledging to target its financial interests across the world. He said the US would target all of Iran’s sources of revenue, including oil, to prevent other countries and companies from doing business with Tehran.

The US-Israeli attacks and Iran’s retaliations have disrupted Tehran’s trade with one of its main economic partners, the United Arab Emirates.

The UAE last month announced an indefinite trade embargo on Iran after accusing its forces of carrying out several ballistic missile attacks, which Tehran denied, calling it a “false flag operation” by Israel and the US.

Chris Beauchamp, market analyst at IG Group, said, “Most wars are contests of stamina more than anything else.”

“The 10 percent drop in Iranian GDP is a sign that the US is succeeding in putting pressure on its foe. But the question rests, as it has done since March, on whether Iran can weather the fall in economic activity better than the US can stand the surge in energy costs,” he told Al Jazeera.

“For a regime prepared to do anything to stay in power, this news will make little difference, so long as the security forces remain loyal,” he added.

What is the latest with diplomatic efforts to end the war?

While Iran has taken a defiant stance against US economic and military pressure, it has indicated repeatedly that it remains open to diplomatic means to end the nearly seven-month-old war.

On Saturday, Rezaei told Al Jazeera that Iran conveyed a formal set of conditions to Washington through Qatari mediators for ending the war.

Iranian state media outlet IRNA reported on Monday that Pakistani Interior Minister Mohsin Naqvi was set to visit Tehran, without specifying the agenda or other details.

Mediators Qatar and Pakistan have been working to re-establish negotiations between the two sides since their memorandum of understanding (MoU) expired last month.

Meanwhile, Iranian Foreign Minister Abbas Araghchi will stop briefly in Qatar before going to New York for the UN General Assembly, IRNA reported.

Iran has repeatedly said it remains ready for any new strikes by Washington.

Rezaei said on Saturday Tehran did not rule out a new US strike against Iran, calling the possibility “very much on the cards” based on his country’s military assessments.

Mark Pfeifle, a Republican strategist and former White House and national security official, said Iran and the US are still willing to strike a deal.

“Sometimes in diplomacy it’s what’s taken off the table,” he told Al Jazeera.

Pfeifle said when Rezaei reiterated his demands for talks with the US, he spoke of “ending the blockade, releasing the frozen funds [and] stopping the attacks”.

“But he left off reparations and reconstruction money, which tells me that there’s a concrete sign that amongst all the rhetoric, which is still very strident, that the pressure campaign that the US is putting on Iran is having some effect,” he said.

“And it tells me that both sides are still looking for room to negotiate in the coming weeks.”

Tehran threatens retaliation as Trump weighs military action while Qatar pushes to revive talks.

Iran’s central military command says it has received information that the United States is preparing to resume strikes on the country.

The warning, issued on Sunday by the Khatam al-Anbiya Central Headquarters, which oversees Iran’s armed forces, raises the prospect of a new round of fighting after months of reduced direct attacks.

Tehran said any renewed US assault would bring retaliation against American bases and interests in the Middle East and warned regional countries against helping Washington.

The military command said states that allowed their territory or facilities to support US attacks would be “considered complicit” and could face an Iranian response.

US President Donald Trump told Fox News on Sunday that he was in a “deciding mode” over Iran and said his options included further military action, economic pressure or a deal.

He also said he would be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly in New York this week.

Iran’s Foreign Minister Abbas Araghchi left Tehran on Sunday evening for the UN General Assembly in New York, state media announced, adding that he is making a brief stopover in Qatar.

Parliament Speaker Mohammad Bagher Ghalibaf told lawmakers on Sunday that Tehran should use military force to push back its opponents before turning to diplomacy to secure any gains.

Tehran has told Qatari and Pakistani mediators that conditions for renewed talks include an end to the war and US attacks, the release of frozen Iranian funds and the lifting of the US naval blockade on Iranian ports.

Ghalibaf said the Strait of Hormuz would remain closed until Washington met what Iran says are its commitments under an earlier agreement.

Al Jazeera correspondent Tohid Asadi, reporting from Tehran, said Iranian officials were sending a deliberate two-track message, signalling that they remained open to diplomacy while preparing for renewed fighting.

Qatar, a Gulf state mediating between the two sides, says its officials are travelling between capitals and exchanging proposals aimed at restarting negotiations.

Qatari Foreign Ministry spokesperson Majed al-Ansari said Doha had heard assurances from US officials that Washington wanted an agreement.

The confrontation is already disrupting the Strait of Hormuz, a narrow waterway linking the Gulf to the Arabian Sea and a key route for global energy shipments.

Shipping data showed 12 commodity vessels crossed the strait over the weekend, down from 35 the previous weekend. The war began in late February after joint US-Israeli strikes on Iran.

A 60-day memorandum reached in June reduced full-scale fighting but expired last month, with attacks around Hormuz increasing since then.

Mark Pfeifle, a Republican strategist and former White House national security official, told Al Jazeera that both countries were “locked in this frozen conflict” and trying to increase pressure before possible diplomacy around the UN gathering.

Tehran says it has learned the US may be planning a new round of strikes, warns of retaliation ‘without limitations’.

U.S. Space Force’s top officer has shared new details about his service’s use of electronic warfare capabilities during Operation Epic Fury against Iran earlier this year. This underscores how space is steadily becoming an arena where conflict actually occurs, and the implications this has for forces operating inside and outside of the Earth’s atmosphere.

Chief of Space Operations Gen. Douglas Schiess highlighted the actions of a member of the 42nd Electromagnetic Warfare Combat Detachment (EWCD) in support of Epic Fury during a keynote speech earlier this morning. Schiess’ remarks came at the Air & Space Forces Association’s (AFA) 2026 Air, Space & Cyber Conference, at which TWZ is in attendance. This is his first major engagement since taking over as head of Space Force less than two weeks ago.

“During Operation Epic Fury, our components, notably at U.S. Central Command and Space Command, with support from our components at European Command and Pacific Command, demonstrated that Guardians [the official term for uniformed Space Force personnel] are not supporting from the sidelines as a nice-to-have [sic], but we are delivering space power directly into the fight as a need-to-have,” Schiess said. “One of those impressive Guardians is Specialist Gray, who hails from Tampa, Florida. She joined the Space Force just two years ago, but listen to the impact she [has] made in her short term already.”

“She deployed to the CENTCOM AOR [Central Command area of responsibility] as a part of the 42nd Electronic Warfare Detachment [sic], and within hours of OEF kicking off, she received a top priority target package with one critical objective: reconfigure her weapon system and execute critical non-kinetic fires,” he continued. “She locked onto the target, optimized her weapon system, and waged electromagnetic warfare against a determined adversary. Even as ‘Alarm Red’ sirens were blaring, and incoming missiles targeted her site, she courageously held the line, protecting forces, denying adversary capability, and delivering space effects, until her commander had to literally pull her from the console to safety.”

“Specialist Gray is just one of the outstanding members of the entire enterprise of dedicated guardians, including the acquisition professionals that developed and fielded the weapon system that she operated, the intel Guardians that developed the targeting package that she used, and the cyber guardians who ensured communication, connectivity, and network defense for the command and control, the guardian instructors who trained her for combat, and the list goes on and on,” the Chief of Space Operations added.

Schiess did not name the system in question or elaborate further on how it was employed. However, previously released pictures of elements of the 42nd EWCD in the Middle East have shown personnel working with trailer-mounted multi-band antennas that have been associated in the past with variants of the Counter Communications System (CCS). CCS is a family of ground-based electronic warfare jammers primarily designed to disrupt enemy space-based communications capabilities. Prior to yesterday, CCS was the U.S. military’s only publicly acknowledged anti-satellite weapon. Space Force has now confirmed it also has weapons in orbit, which we will come back to later on.

The 42nd Electromagnetic Warfare Combat Detachment has been operating in the Middle East since at least 2024 under the umbrella of Space Force’s main headquarters in the region, U.S. Space Forces – Central (SPACECENT). President Donald Trump briefly called attention to the detachment’s “cutting-edge defense activities” during a Christmas Eve conference call with deployed service members last year.

“Sometimes we have to be within the footprint of the satellite, and so that’s why Guardians go into harm’s way,” Gen. Schiess did tell TWZ and other outlets at a roundtable after his speech this morning when asked for more details about the 42nd EWCD’s role in Operation Epic Fury, and what lessons Space Force has been learning from the conflict more broadly.

“Electromagnetic warfare was a big part of that, but also satellite communications,” he added. “The ability to keep communications, obviously GPS and PNT [positioning, navigation, and timing], were important there.”

“And then, really, missile warning and missile tracking was [sic] incredibly important. Both [Air Force Chief of Staff] Gen. Wilsbach and I talked about ‘Red Alarm’ situations,” the Chief of Space Operations continued. “Being able to tell our forces to be able to take cover was extremely important. And as we’ve seen from Ukraine to Iran, the amount of missiles and the amount of things, the folks that are doing that each and every day are incredible, and they are saving lives.”

Gen. Schiess’ anecdote about Specialist Gray and the 42nd EWCD did highlight how Iran, especially in the opening phases of the conflict earlier this year, was able to deal real blows to U.S. and allied facilities and forces across the Middle East. Iranian missiles, drones, and other capabilities were able to damage and/or destroy a variety of high-value assets, including aircraft and radars, and cause hundreds of casualties, as TWZ has drawn attention to on several occasions in the past. This has already been a sobering wake-up call with serious implications for potential future conflicts against larger and even more capability opponents, especially China.

“I think the whole joint force is learning a lot from Operation Epic Fury, the previous operation there, on exactly what needs to be in underground facilities, [and] what maybe can we do from remote locations,” the head of Space Force said at the roundtable today. “You could also look at what can we do from space to do some of those things? And so we’re looking at all those [lessons learned].”

Gen. Schiess mentioning subterranean facilities and remote operations is particularly notable. Even before Operation Epic Fury began, the U.S. Air Force had been working to expand options for directing operations in the Middle East from a command center in the United States. The service had also been looking to push certain command and control functions at Al Udeid Air Base in Qatar underground. Al Udeid was among the many bases Iran subsequently targeted.

Operation Epic Fury has already added new fuel to a larger ongoing debate about balancing U.S. military base defense priorities globally, including the relative value of investing in new physically hardened infrastructure. TWZ has been following these discussions very closely in recent years. The conflict with Iran has raised serious questions about future operations of any kind at certain bases across the Middle East, and there have been reports that a larger reorientation of America’s force posture in the region could be coming.

For Space Force, operations against Iran have provided a broader opportunity for the service to demonstrate its active role in forward-deployed operations. That, in turn, has generated its own lessons learned beyond just steps needed to help better protect units in the field.

This extends to “reconstitution [of forces] in a combat environment, the logistics and the importance of that relationship with TRANSCOM [U.S. Transportation Command] and to be able to get supplies and replenishment into the theater,” Chief Master Sergeant of the Space Force John Bentivegna also said today, speaking alongside Gen. Schiess at the roundtable. That is “something we haven’t really worked on before. So definitely, it was a great lesson learned.”

Space-based capabilities including early warning, general intelligence gathering, weapons guidance, near-real-time communications, and more, are already absolutely central to U.S. military operations. America’s long-standing dominance in space is also steadily being eroded, with China, in particular, surging ahead in the deployment of new satellites to support a host of mission requirements, including intelligence-gathering and long-range targeting. The ability to leverage space is also proliferating to smaller adversaries, including Iran.

In addition, as mentioned, the space domain is no longer limited to just supporting operations within the atmosphere, but is a place where real engagements happen. The U.S. military is now capable of generating so-called counter-space effects using forces and assets within the atmosphere as well as in orbit, as was just disclosed yesterday.

Overall, Gen. Douglas Schiess’ comments today about the role played by Specialist Gray and the 42nd EWCD during Operation Epic Fury are indicative of not just what is to come in future operations, but how the Space Force is already engaged in combat missions now.

Contact the author: joe@twz.com

Iran accuses the French language centre of conducting ‘illegal acts that violated diplomatic conventions’.

France will summon Iran’s ambassador and take “appropriate measures” after Iranian authorities closed a French-language centre linked to its embassy in Tehran, according to the French Foreign Ministry.

“This new attack against France’s cultural presence in Iran, following the assault on two staff members of the French embassy last July, is unjustifiable and unacceptable,” Foreign Ministry spokesperson Pascal Confavreux said in a statement on Sunday.

Iran announced on Sunday the closure of the centre it accused of conducting “illegal acts that violated diplomatic conventions”.

“Based on the Tehran prosecutor’s office, the illegal centre affiliated with the French embassy in Tehran, which has operated for years under the guise of language instruction, was closed,” the Iranian judiciary’s Mizan news website said, referring to the French Language Centre (CLF).

It said the centre “abused its status as a language training facility” and sought to “identify and build networks among the country’s elite figures while facilitating their departure”.

The French Foreign Ministry said it would “take appropriate measures to respond” and would summon Iran’s ambassador in Paris at the request of French Foreign Minister Jean-Noel Barrot.

Relations between Tehran and Paris have been strained in recent months.

In August, Iran’s Intelligence Ministry said it detained two French diplomats over alleged foreign interference during a national security investigation before handing them over to the French ambassador.

Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani has called on states to respect sovereignty as a condition for security in the Middle East, warning against “cycles of escalation” after “an earthquake” caused by the US-Israeli war on Iran.

The region needs a “framework in which sovereignty is respected” and no state can pose a “threat to another”, Sheikh Mohammed said on Sunday at the opening of the Qatar Economic Forum’s UN General Assembly-adjacent event in New York City.

Sheikh Mohammed – who is also Qatar’s foreign minister – described the economic fallout from the US-Israel war on Iran as “an earthquake” with “its shock waves” reaching far beyond the borders of the Middle East, “challenging assumptions about security and stability”.

“During the crisis, almost every conversation began with security and de-escalation, then turn[ed] to energy supplies, shipping routes, and with our investments, plans will continue. These were different expressions of the same question. When so much is being disrupted, what can still be relied upon?”

He said that Qatar has weathered the test to the “foundations” of the country’s economy and security, but acknowledged that the ongoing conflict in the region is having an impact.

“Permanent security cannot be built through arrangements that leave any state permanently exposed to insecurity,” Sheikh Mohammed said. “We must address the sources of tensions and build confidence.”

Reporting from New York, Al Jazeera’s Kristen Saloomey said that message “no doubt will be repeated” when Gulf leaders meet US President Donald Trump on Tuesday during the UN General Assembly.

Qatar’s $38bn domestic investments

The PM also outlined a domestic shift in Qatar’s investment strategy by pledging more than $38bn in spending on Qatari infrastructure over the next five years.

“That’s meant to attract private investors and send a message of Qatar’s resilience,” Saloomey said, while the PM is nonetheless acknowledging that the ongoing conflict is “having an impact on the region”.

The UNGA starts on Monday and ends on Friday.

The situation in the Middle East and its global ramifications are expected to be high on the agenda during speeches and diplomacy.

Also on Sunday, Qatar’s Foreign Ministry spokesman, Majed Al-Ansari, told US media in New York that the mediation efforts by his government are ongoing to restart talks between Tehran and Washington to end the US-Israel war on Iran.

EDINBURG, Texas — Quinten Martinez, pumping gas under a hot south Texas sun, remembers a time when fueling up didn’t require difficult decisions.

“Is it going to be groceries this week?” said the 28-year-old Amazon delivery driver as he watched the numbers tick higher. “Is it gonna be getting gas in our tank to go to work?”

He shook his head when asked about President Trump’s assertion last week that higher gas prices are a small price to pay for the war with Iran.

“I don’t feel like it’s a good trade-off,” Martinez said. “I don’t feel like this is good for anyone.”

Voters across the country, and across the political spectrum, tend to agree.

Interviews with voters in several states, along with a fresh round of national polling, reveal an overwhelming sense of frustration that skyrocketing gas prices — a direct result of Trump’s war — are creating serious and sustained financial hardships for America’s working class.

The acute concerns are adding to a bad political environment that may be worsening for Trump and his Republican Party as early voting gets underway in the November midterm elections.

Historically, the party holding the White House has suffered major losses in midterms. About seven weeks before election day, Republican candidates at all levels are struggling with the additional burden of Trump’s weak approval ratings, an unpopular war and an affordability crisis that Trump and his congressional allies had promised to fix.

But when Trump campaigned in North Carolina on Wednesday, he played down the effect of surging gas prices.

“You have a little higher. It’s a very inexpensive price to pay for what we’ve done,” Trump said of the war, which he describes as necessary to prevent Iran from obtaining a nuclear weapon. “Remember that. It’s a little more. Frankly, even if it was a lot more.”

‘Gas prices matter’

Despite what Trump says, there are few things that may matter more this election year than the price of a gallon of gasoline, according to political operatives in both parties.

Gas prices are moving sharply in the wrong direction at a time of year when drivers typically get some relief. The national average for a gallon of gas reached $4.48 on Friday, according to the American Automobile Assn., up roughly 17 cents over the last week, 40 cents in a month and $1.27 from a year ago.

“Gas prices matter because they’re one of the few economic indicators voters experience and see in real time,” said veteran Republican strategist Chris Wilson. “The price is literally staring them in the face several times a week. So I wouldn’t minimize the frustration we’re seeing, particularly among working- and middle-class voters.”

Interviews with voters last week found bipartisan frustration and disappointment.

Democrats and unaffiliated voters were especially motivated to punish Republicans at the ballot box for their economic hardship, while some of Trump’s working-class supporters pledged to support Republicans this fall, even if they weren’t happy with the president’s leadership on the economy.

Some Republicans say they’re disappointed

Dan Lloyd, who voted for Trump, lamented the president’s leadership as the 63-year-old carpenter paid $4.39 a gallon to fill up his pickup truck in Mesa, Ariz.

“He hurt himself stepping into this,” Lloyd said of Trump. “Where’s all this oil from Venezuela? I thought we were flush with gas and everything, but no. The American people eat it every time, whether it’s interest rates, food, gasoline.”

Still, he expects to vote Republican in the midterms.

“I think the Democratic Party has lost its way,” Lloyd said. “I just feel like the whole system’s on the verge of collapse.”

In sweltering Edinburg, Texas, 52-year-old Kristin Jimenez shrugged off the rising price of gas after filling up her Mercedes.

“We’ve paid the same price under Republican presidents, we’ve paid this price under Democrat presidents,” said Jimenez, a mother who runs a small business. She plans to vote for a Republican because they’re the “lesser of two evils.”

She said gas prices aren’t part of her calculation.

“We don’t mind paying $8 for a cup of coffee at Starbucks, but we have a problem paying four bucks at the pump?” she said. “Make it make sense.”

More than 1,500 miles to the north in central Michigan, 35-year-old Garth Johnson is trying to make ends meet running a deep-cleaning business with several gas-powered vehicles and one machine fueled by diesel, which was $6.79 a gallon as he filled up his SUV.

Johnson voted for Trump, but doesn’t know what he’s going to do in November. He said he doesn’t feel qualified to second-guess the president’s evaluation of the war, but he’s feeling financial pressure in his own life.

“I like a lot of the things he’s done,” Johnson said, but added, “I’m a little guy and I’ve got to live my life.”

Other voters are less forgiving

Midterm voting was already underway Friday in Virginia, where Alan Johnson said Trump seems to have “no empathy” for Americans who are struggling financially.

“With the gas prices being what they are and continuing to grow, we’ve got to do something. Hopefully the Democrats can get into office and turn the ship around,” said the 60-year-old engineer, who cast ballots in the morning for Democrats for the U.S. Senate and House.

In Raleigh, N.C., teacher Brittney Bivins sees surging gas prices as evidence that Trump and his Republican Party aren’t dealing with the issues that matter most to people like her.

“He really doesn’t care about everyday people,” the 45-year-old said. “He can afford the gas, but most of us can’t. So it feels like he’s not even connected to his own people.”

Bivins, who described herself as an independent, said she’s eager to support Democrats this fall — especially the party’s emerging democratic socialist wing.

At a gas station in Lansing, Mich., Rina Risper spent $50 on eight gallons of premium gas.

“When I rolled up I was in shock, actually, and said, well, maybe I should drink water instead of having that $4.99 bottle of whatever it was I was gonna get,” Risper said. She thinks Trump’s tariffs will make affordability even worse.

“We’re not in Miami. We’re in Lansing, Michigan,” she said. “It’s really going to impact our people.”

Polls reflect economic distress

Nationwide, more than three times as many voters say they are falling behind financially as getting ahead, according to a Fox News survey released Wednesday. By a 15-point margin, Democrats are considered the party that would better handle inflation and prices at a time when the cost of living and the economy are voters’ top concerns.

The Fox poll found that 61% of voters say gas prices are a major problem for their household, compared with 48% two years ago, while 52% say the same for healthcare costs, compared with 44% in 2024. Majorities also view housing costs and grocery prices as major problems, although neither has increased.

Overall, nearly two-thirds of voters (63%) say the administration has made the economy worse, compared with 52% in September 2025, including one-quarter of Republicans. Only 46% of Republicans say the administration has improved the economy, while about one-quarter don’t see an impact.

Back in rural south Texas, an area where Trump’s GOP made gains in recent elections, Martinez, the Amazon delivery driver, could not contain his frustration.

Trump “likes to tout that we are the best economy in the world,” said Martinez, but in rural towns, “you don’t see any of the winning, you don’t see any of the ups that he’s talking about.”

“You just see struggles for day-to-day life,” he said.

Peoples, Bedayn and Cooper write for the Associated Press. Peoples reported from New York and Cooper from Mesa. AP writers Allen G. Breed in Raleigh, Jacqueline GaNun in Lansing, Sarah Rankin in Richmond and Nicholas Riccardi in Mason, Mich., contributed to this report.

Players celebrate podium finish that brings exemption from conscription, saying the pressure was ‘out of this world’.

Iran withstood a late fightback to beat China 79-70 and win the Asian Games men’s basketball bronze, an achievement that left their players “speechless” after months of war back home.

China led 31-29 at half-time in Nagoya, but Iran took charge in the third quarter to lead 55-46 going into the fourth and held on to prompt wild celebrations and secure a place on the podium on Sunday.

“To be honest with you, I’m just speechless,” said 6ft 8in (203cm) power forward Arsalan Kazemi, who, in 2013, was the first Iranian to be drafted into the NBA by the Washington Wizards but never made a regular-season appearance.

“The pressure that we had on us is just out of this world,” he added.

“Not a lot of athletes can say that, with the way that it has been for almost six months, what we have been through, what our families have been through.”

“I just congratulate the people of Iran because they deserve much better.”

“And I think my teammates and I put our hearts out on the court today just to get this win and make them happy,” Kazemi said.

Teammate Arman Zangeneh said the squad had been through a lot, but it was worth it.

“If you get the medal at the Asian Games, you don’t need to go to the army any more, so it’s huge for some players,” said the 6ft 6in (198cm) forward.

“We had a very tough two months. We went to the Philippines to play the qualifiers, then immediately we came here.”

“It was really difficult. And living in a container, with the food and everything, it was hard, very hard.”

“In the end, we got to the point where we go home with a medal, and it means a lot,” Zangeneh added.

Male athletes from the country’s national teams who win medals at the Asian Games are granted exemption from mandatory military conscription in a move announced by Iran’s former Supreme Leader Ayatollah Ali Khamenei in 2018.

Previously, only medallists at the Olympic or world games were exempt from the draft, according to Iran’s semi-official Tasnim news agency.

Iranian males reaching the age of 18 are required to serve two years on active duty and are then transferred to the reserve force.

Iran’s security chief Mohsen Rezaei has laid out Tehran’s latest set of conditions to end its war with the United States.

In an exclusive interview with Al Jazeera on Saturday, Rezaei said that Tehran has conveyed its conditions to the US via Qatari mediators, but added that Tehran was more battle-hardened now than in the first 40 days of the war, which began in late February following joint US-Israeli strikes on Iran.

“We will confront America with greater force, and with more numerous and more painful strikes,” said Rezaei.

While full-scale fighting has been paused for months, the two sides are nowhere close to peace. A June 17 memorandum of understanding (MoU) between the US and Iran expired last month. Since then, attacks have risen, especially in and around the Strait of Hormuz, which Iran has effectively closed, while the US maintains a blockade of Iran’s southern ports.

The escalating attacks on oil tankers attempting to pass through the strait and the effective Houthi control of the Red Sea route, which Saudi Arabia used to export oil, have caused oil prices to cross the $100 mark in recent weeks.

Al Jazeera’s Tohid Asadi, reporting from Tehran, described Rezaei’s remarks as part of the “two-sided, twofold message” Iran has maintained throughout the conflict – combining openness to diplomacy with continued preparations for war”.

So what are Iran’s latest conditions, and do they differ from the June MoU?

What are the Iranian conditions to end the war?

Here is what Rezaei told Al Jazeera:

• An end to the war on all fronts, including, in particular, Lebanon.
• The release of its frozen funds that run into billions of US dollars.
• An end to the naval blockade on Iranian ports.
• An end to US interference in Iran’s internal affairs.
• An end to US cooperation with “the opponents of our revolution”.
• An end to all US attacks on Iranian territory.

“It is in Washington’s interest to accept these conditions. Trump’s threats will not achieve any results. We are prepared for a decisive war,” said the security chief.

On Sunday morning, Iran’s Parliament Speaker Mohammad Bagher Ghalibaf reiterated Tehran’s stance on the Strait of Hormuz, saying the critical waterway will remain closed until the US fulfils its commitments.

“Until these conditions are met, the legitimate rights of the Iranian nation are recognised, and American commitments are fulfilled, there will be no opening for a return to the previous state of negotiations or for the reopening of the Strait of Hormuz,” said Ghalibaf.

What is different to the June MoU?

Iran’s latest set of conditions bears similarities to its demands under the MoU deal signed in June. That agreement also included an end to the war on all fronts, including in Lebanon; respect for each side’s sovereignty and not meddling in internal affairs; an end to the naval blockade by both sides; and the release of Iran’s frozen funds.

The MoU also called for a $300bn US-backed reconstruction plan, while the two sides also agreed that Iran would not procure or develop nuclear weapons and that Tehran would open the Strait of Hormuz for the safe passage of vessels.

It also required the US to issue waivers for the export of Iranian crude oil and other services, no new sanctions on Iran, and no deployment of additional US forces in the region.

In the interview, Rezaei did not mention war reparations from the US as Tehran has been demanding previously.

While there is little genuinely new in the substance of Iranian demands, what has changed is the timing and the channel through which it was delivered, said Adel Abdel Ghafar, a senior fellow focusing on the Middle East at the Australian Strategic Policy Institute.

“With the Islamabad MoU dead and … Rezaei delivering the conditions through Qatar, Iran is putting the onus back on Washington and doing it publicly, for maximum effect,” Abdel Ghafar told Al Jazeera.

Both sides are in a stalemate, he explained, with the US able to sustain the naval blockade and hold air superiority but unable to compel capitulation from Iran.

Iran, meanwhile, cannot break the blockade but “keeps enough asymmetric leverage to make things difficult for everyone”, he said.

“Basically Iran is betting [on the] war’s unpopularity and [that the] US midterms [will] shift things in its favour, so it’s going public with demands and putting the ball in Trump’s court.”

Rezaei, in his interview with Al Jazeera, rejected the US accusation that Tehran violated the MoU by striking an oil tanker in the Strait of Hormuz, stating that Iran’s actions came only after US attacks on Bandar Abbas and an Iranian surveillance platform there.

He said any agreement, including the MoU, required recourse to a dispute-resolution committee agreed between Ghalibaf, Iran’s chief negotiator, and US Vice President JD Vance, which Washington unilaterally withdrew from.

What did Rezaei say on Iran’s nuclear progamme, Yemen and others?

On the nuclear programme, Rezaei said Iran could have withdrawn from the Nuclear Non-Proliferation Treaty following attacks by the US and Israel – something that Tehran would not rule out in the future.

“We were indeed threatened, but we have not withdrawn from the treaty to this day,” he said.

For now, however, the country continues to abide by a fatwa (decree) from the former Supreme Leader Ayatollah Ali Khamenei prohibiting nuclear weapons, said the security chief.

“But we do not know what will happen in the future,” he said, citing further sanctions or a UN Security Council referral of Iran’s nuclear file as potential future pressure.

On the intensifying war in Yemen, Rezaei denied any Iranian involvement, adding that it could offer mediation between the warring sides. He also said Tehran was not exploiting the conflict “for its own political ends”.

“We are fully prepared to help achieve peace between Yemen and Saudi Arabia,” said Rezaei.

The security chief also dismissed speculation, including inside Iran, that it could close the Bab al-Mandeb Strait to pressure global energy markets, stating the waterway “is a Yemeni matter” relating to the Houthi movement, not Iran.

On the Strait of Hormuz, Rezaei said Tehran came within “a short step” of announcing a deal with Oman to manage it, but it may require regional endorsement before being made public.

What has been the US response?

The US has not yet responded to Iran’s new conditions. Rezaei said Iran is “waiting for the Americans to accept and implement” them.

The US did, however, on Saturday warn its citizens in Iraq, Bahrain, Oman, Saudi Arabia, Iran, Qatar, Lebanon, Kuwait and Jordan to exercise “heightened vigilance”, stating that “the security environment remains complex with the potential for unforeseen escalation”.

US President Donald Trump also cut his weekend short from his trip to Camp David, returning to Washington, DC on Saturday from the secluded presidential complex in rural Maryland, the White House said. No explanation was given for the early return, which comes as fighting between Saudi Arabia and the Houthis has escalated.

According to Rob Geist Pinfold, a lecturer at King’s College London, Trump may take Iran’s memo seriously – in an effort to end the war before the US midterm elections in November.

“Trump very much wants a deal to wind up the war before the midterms,” Pinfold told Al Jazeera.

“The US’s Gulf allies will also likely push for a renewal of talks. But it doesn’t mean there still aren’t significant substantive gaps between the parties, which make a comprehensive deal unlikely anytime soon.”

David Des Roches, a former Pentagon director of Arabian Peninsula affairs, however, told Al Jazeera that Washington was unlikely to see Iran’s terms as a serious opening.

“At first glance, probably not serious; they would be viewed as surrender,” Des Roches said.

But he pointed to Iran’s apparent abandonment of war reparations as a sign of movement.

Fidan highlights Turkiye’s readiness to assist Saudi Arabia militarily, as Houthi attacks escalate in Yemen.

Turkish Foreign Minister Hakan Fidan has said that Saudi Arabia may have unmet military needs from the attacks by Yemen’s Houthi rebels and that Turkiye would consider how to support the kingdom as part of a trilateral defence pact.

Speaking to Turkish broadcaster NTV on Friday, Fidan said it was unacceptable for Saudi Arabia to be dragged into the US-Iran war, adding that Riyadh had no desire to join the conflict.

He added that proposals had been conveyed to all sides in an effort to end the fighting, without further elaborating.

The Iran-backed Houthi rebels and Saudi Arabia continue trading attacks in an escalating war in Yemen, as the Houthis press gains that have brought large stretches of the Red Sea coast, including the strategic Bab al-Mandeb Strait, under their control.

Pakistan has made a similar pledge to defend Saudi Arabia under the defence pact.

Lieutenant-General Ahmed Sharif Chaudhry, a spokesperson for Pakistan’s military, told Arab News on Thursday that Islamabad would defend Saudi Arabia “to any extent”, including “physically”, though he did not say whether Riyadh had asked for more Pakistani troops.

Pakistan’s Foreign Office has said no military response is currently under discussion under the pact, adding that Islamabad would act “when time comes”.

The trilateral agreement, known as the Mecca Joint Defence Agreement, was signed on August 7 in Mecca by Saudi Crown Prince Mohammed bin Salman, Turkish President Recep Tayyip Erdogan and Pakistani Prime Minister Shehbaz Sharif.

The three countries formally named the arrangement the Mecca Defence Alliance on August 31, after officials meeting in Istanbul agreed to set up a secretariat in Riyadh, to be headed initially by a Pakistani secretary-general.

Its founding principle is that an armed attack against any one of the three states will be treated as an attack against all three.

Fidan said at the time the alliance was built on “respecting the sovereignty of other states, territorial integrity and not intervening in internal affairs”, and remained open to other countries joining.

Analysts have questioned how much substance lies behind the pact so far, noting it lacks the integrated command structure and standing forces that underpin NATO.

Its institutional shape, including how the mutual defence clause would actually be triggered, remains unclear.

The trilateral pact was struck as Gulf states grow increasingly concerned about being pulled into the wider US-Iran war, which has continued for more than six months since Washington and Israel first struck Iran in February.

Iran’s top security official says Tehran has sent its conditions for ending war to the US via Qatari mediators.

Tehran, Iran – Hossein, a 32-year-old marketing specialist based in Tehran, has been thinking of replacing his 13-year-old Iranian-made car with a newer model.

Even though he earns about four-and-a-half times the minimum wage after a recent pay rise – his salary is now close to 900 million rials (about $390 at the current exchange rate) – imported vehicles are not even remotely affordable for him.

Even finding a locally made car might be out of his budget, with an economic crisis gripping the country since the United States and Israel launched a surprise war on Iran on February 28 and later enacted a crippling siege and sanctions on the country.

“I’m losing hope of ever being able to buy a new domestic production car too, unless the country opens up and becomes a bit more normal again,” Hossein, who asked to keep his full name confidential for security reasons, told Al Jazeera.

His old manual Peugeot 206 model, an originally French-made car but now produced domestically after foreign counterparts left Iran due to sanctions, can fetch up to 10 billion rials ($4,350) if he sells it towards making a new purchase. However, his replacement options are limited.

Upgrading to a slightly improved Peugeot 207 with an automatic gearbox could cost him 28 billion rials ($12,170) now. This means that, after selling his car, he would need more than 20 months of his entire salary.

A domestic sedan Shahin model costs more than 31 billion rials ($13,480), and a crossover Reera is priced at more than 43 billion rials ($18,700).

With these options, he would need to save about 24 months and 37 months of his whole salary, respectively, and that is if prices remain stable and he does not spend a rial on anything else. But the reality of the fast-rising living costs and lagging incomes in Iran means he can barely put aside any money, let alone afford a new car.

Domestic car prices have mostly risen 40 to 80 percent since the start of the war, while some vehicles sell for more than 130 percent of their September 2025 costs.

The costs of maintaining the vehicles are also rising much faster than people’s salaries. Domestically produced tyres, motor oil, brake pads and clutch kits have at least doubled since last year, with some car parts having more than tripled in price.

Domestic vehicles have generally low safety standards, meaning that they contribute to staggering road accident deaths. At least 1,609 Iranians have been killed so far on intercity roads in the current month of Shahrivar of the solar Hijri calendar, which ends on September 22. More than 20,000 people lose their lives on the roads every year. In comparison, fewer people in the whole of the European Union, nearly five times Iran’s population, died on roads last year.

Iran’s fuel-guzzling cars also contribute to smoke-congested city streets, degrade vehicles faster and increase fuel costs, just as petrol prices have risen for users.

How did we get here?

Experts say, due to a combination of protected state-linked businesses, privileged access, economic isolation and a curtailing of imports, Iranian households have no choice but to pay exorbitant prices – compared with their salaries – to buy low-quality cars.

The damage from the war, including the extensive bombing of multiple steel giants by Israel and the US, has only added insult to injury. The naval blockade of Iran’s southern ports has prevented goods coming in from popular neighbouring markets like the United Arab Emirates.

Under such circumstances, domestic vehicle manufacturers have little incentive to improve.

End customers are also beset by government charges, currency and financing costs, margins levied by murky intermediaries – and in numerous documented cases, industry corruption.

“People are forced to buy expensive low-quality cars whose real prices should be a quarter of global prices, and this is a direct harm done to them,” Mohammad Rashidi, a member of the presiding board of Iran’s parliament, told local media on Saturday. “The traces of a mafia system are visible throughout the process.”

His claims echo those of other officials and state-linked media, who have openly described the industry as resembling an organised crime operation.

According to the latest figures released by state media, about 233,000 cars were manufactured or assembled in Iran in the first five months of 2026, compared with 366,000 the year before. Only about 25,000 vehicles were imported in that period.

Only a handful of state-linked companies or intermediaries are allowed to import vehicles, with duties plus value-added tax increasing final prices up to 200 percent.

The government and parliament have discussed lowering import tariffs this year, with no agreement announced so far.

The premiums are more visible for high-end cars, with a 2026 Toyota Land Cruiser VXR going for approximately 660 billion rials ($287,000) in Iran at the moment, while the same model is available for about $86,000 in the UAE. The same story applies to most other models, at different rates depending on the rarity of the vehicle and the availability of parts.

The price of a mid-range Chinese-designed SUV sold as Exeed VX in international markets is listed at about $32,000 in China, while it is priced at about $42,000 in the UAE. The same car, assembled from imported parts by a state-linked company in Iran under a different name, currently costs Iranian customers the equivalent of $53,000.

The bizarre situation was on full display during a three-day “international” car exhibition in Tehran last week that mostly featured Chinese-manufactured vehicles. These remain available in Iran despite the US sanctions, since Tehran exports almost all of its oil to China and barters this for goods, including cars.

Some domestic manufacturers and importers were absent, either because they had no products to offer or because they had angry customers who registered months ago to get vehicles they never received. Spare parts for some of the vehicles on display are currently either not available in the Iranian market or cost several times their price in international markets.

Even the cheapest vehicles offered at the exhibition were completely unaffordable to the average Iranian. It would take a worker on the minimum wage with standard allowances 50 years to buy an XPENG G9, a Chinese-made electric SUV priced at 120 billion rials ($52,150), on his or her salary, without spending a rial on food, housing or clothing.

Still, there were huge queues outside the exhibition centre each of the three days.

“It was sad because most people just came to take pictures with the cars they knew they could never afford,” a young man who attended the exhibition told Al Jazeera. “The doors of the cars were locked too.”

The Iranian lender has faced years of Western sanctions over alleged ties to Tehran’s nuclear programme.

Turkiye’s banking watchdog has revoked the operating licence of Iranian lender Bank Mellat’s branch in the Turkish city of Istanbul.

“It has been decided to revoke the operating licence of Bank Mellat, Head Office in Tehran, Istanbul Turkey Central Branch,” read the decision by the Banking Regulation and Supervision Agency (BDDK), published in the Official Gazette on Saturday.

The regulator said the decision was taken under a clause of Turkiye’s banking law allowing a bank’s licence to be revoked or withdrawn if its continued operation is deemed to pose a risk to depositors’ rights or to the security and stability of the financial system.

Bank Mellat has been subject to Western sanctions for years over accusations that Tehran was pursuing a nuclear weapon under the cover of a civil nuclear programme.

Those sanctions were lifted as part of a landmark 2015 deal between Tehran and world powers to curb Iran’s nuclear ambitions. However, the United States unilaterally pulled out of the agreement in May 2018, reimposing economic sanctions on the country.

Bank Mellat was hit by further US and Gulf sanctions in 2019 after being named as one of 25 entities linked to Iran’s Islamic Revolutionary Guard Corps (IRGC).

The Turkish notice did not cite the US measures or specify operational issues.

Earlier this month, the US Treasury Department imposed sanctions on a small Turkish investment bank and two subsidiaries over alleged ties to Iran.

The Treasury Department accused Golden Global Yatirim Bankasi Anonim Sirketi (Golden Global Bank) of facilitating “tens of millions of dollars’ worth of transactions for the Islamic Revolutionary Guard Corps-Qods Force” and providing the Iranian government with banking access to move its funds internationally.

Golden Global Bank has denied the accusations.

Thousands take to the streets in support of Houthis in Sanaa, Trump extends sanctions on Iran.