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US Treasury warned Hong Kong banks over Iran oil trade links — Bloomberg

May 16, 2025, 11:35 GMT+1

A US Treasury delegation met with several Hong Kong banks last month to warn them against facilitating Iranian oil shipments to China, sources familiar with the matter told Bloomberg, as Washington steps up efforts to enforce sanctions targeting Tehran’s oil revenues.

The meetings took place on April 7 and were led by Jesse Baker, deputy assistant secretary of the Treasury for Asia, the sources said. Banks were urged to uncover the ultimate owners behind front companies and flag suspicious non-dollar transactions linked to Iran, they added.

Representatives from HSBC, Standard Chartered, and Bank of China (Hong Kong) were among those in attendance, according to the sources. The Treasury, HSBC, and Standard Chartered declined to comment.

The move preceded the US sanctioning of nine Hong Kong-registered entities accused of helping Iran sell oil to China. OFAC said the firms acted as intermediaries for Sepehr Energy Co., linked to Iran’s military, and Chinese buyers.

Last week, Iran International reported that Sepehr Energy worked on behalf of the Iranian military and created a network of shell companies to sell sanctioned oil to Asia, including dealings with a Netherlands-based firm allegedly aware of its government ties.

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Iran, E3 discussed nuclear talks in Istanbul — official

May 16, 2025, 11:27 GMT+1

Iran and the three European signatories to the 2015 nuclear deal held talks in Istanbul on the state of nuclear and sanctions-lifting negotiations, Iranian Deputy Foreign Minister Kazem Gharibabadi said on Friday.

Gharibabadi said he and fellow Deputy Foreign Minister Majid Takht-Ravanchi hosted the political directors of the UK, France, and Germany for discussions aimed at advancing diplomatic efforts.

“Iran and the E3 are determined to sustain and make best use of diplomacy,” Gharibabadi wrote on X. “We will meet again, as appropriate, to continue our dialogue.”

Qom cleric says Iran will never abandon uranium enrichment

May 16, 2025, 11:16 GMT+1

Iran will never give up uranium enrichment, a senior cleric in Qom said Friday, calling the technology a symbol of national self-reliance and scientific strength.

“Enrichment is a sign of self-sufficiency and scientific power,” said Mohammad Saeedi, the Friday prayer Imam of Qom. “Preserving it sends a clear message to the world that the Islamic Republic will never give up the Iranian people's rightful claim under foreign pressure.”

He said nuclear energy is a strategic necessity for Iran’s future, especially as global fossil fuel reserves decline. “Nuclear energy plays a key role in securing Iran’s long-term energy needs,” he said, adding that it also serves important purposes in medicine, agriculture, and biotechnology.

 Mohammad Saeedi
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Mohammad Saeedi

Iran is main barrier to US aggression in region, Tehran Friday prayer Imam says

May 16, 2025, 11:03 GMT+1

Tehran’s interim Friday prayer Imam said remarks by US President Donald Trump during his visit to Persian Gulf countries reflect Washington’s concern over Iran’s growing influence, calling the Islamic Republic the main obstacle to American and Israeli actions in the region.

“This gentleman who spoke in Arab countries knows what has happened in Iran in terms of building power,” said Mohammad-Hassan Aboutorabi-Fard. “This great power today stands as the main barrier to US aggression and crimes.”

He said Iran is seen by the US and Israel as a threat because it unites the Islamic world.

“While the US president claims to bring security to the region, Gaza is under total siege,” he said.

Trump, speaking in Saudi Arabia, accused Iran of fueling chaos across the Middle East and called it the region’s most destructive force.

Mohammad-Hassan Aboutorabi-Fard
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Mohammad-Hassan Aboutorabi-Fard

E3, Iran delegations arrive at Iran’s consulate in Istanbul for nuclear talks

May 16, 2025, 09:53 GMT+1

Delegations from Iran and the three European signatories to the 2015 nuclear deal — Germany, France, and the United Kingdom — have arrived at Iran’s consulate in Istanbul ahead of a political meeting, Iranian media reported Friday.

According to the reports, the meeting will be held later today and will focus on continuing diplomatic consultations, including discussions on indirect negotiations between Iran and the United States.

A German diplomatic source told Iran International on Thursday that the meeting between representatives of the E3 group and Iran is scheduled to discuss Tehran’s nuclear program. “These are not negotiations,” the source said, adding that Germany will be represented by Dominik Mutter, Political Director at the Federal Foreign Office.

Earlier this week, Iranian Foreign Minister Abbas Araghchi said, “We remain ready to talk to Europe, even if their own policies have led to some isolation in these negotiations.”

Trump says US will ‘take care of’ Iran situation

May 16, 2025, 08:57 GMT+1

US President Donald Trump said Friday that the United States will resolve the Iran issue “one way or the other,” warning Tehran that a peaceful outcome is still possible, but not guaranteed.

“We have an Iran situation, which we're going to take care of. One way or the other, we're taking care of,” Trump said during a visit to the United Arab Emirates. “It'll be taken care of 100 percent. It'll be done nicely or not nicely. And the not nicely is not a good thing for them.”

US President Donald Trump
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US President Donald Trump