'Jaish-ul-Adl' Publishes Images of Abducted Iranian Soldiers

Jaish-ul-Adl carried out a spate of attacks on Iranian security forces in recent years. (File Photo: AFP)
Jaish-ul-Adl carried out a spate of attacks on Iranian security forces in recent years. (File Photo: AFP)
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'Jaish-ul-Adl' Publishes Images of Abducted Iranian Soldiers

Jaish-ul-Adl carried out a spate of attacks on Iranian security forces in recent years. (File Photo: AFP)
Jaish-ul-Adl carried out a spate of attacks on Iranian security forces in recent years. (File Photo: AFP)

A militant group claimed responsibility for the abduction of 12 Iranian security personnel and soldiers southeast the border with Pakistan, Iran’s semi-official news agency ISNA reported Monday.

"The terrorist group Jaish-ul-Adl has posted two photos... claiming that those in it are the forces abducted" on October 16, AFP reported. The photo shows seven members of Iran’s Revolutionary Guard Corps (IRGC) and 15 security personnel in their military garb.

Jaish-ul-Adl, formed in 2012, is a successor to the extremist group Jundallah which led the bloody rebellion between 2005 and 2010.

Poor Sistan-Baluchestan province, bordering Pakistan and Afghanistan, where a majority of Sunnis are ethnic Baluchis, has been battling clashes between regime forces and Baloch separatists or militant groups, according to AFP. The Sunni Baloch minority accounts for about 2 percent of Iran's population.

The photos also show a haul of automatic weapons and sniper rifles, rocket launchers, machine-guns, grenades and ammunition, apparently seized from the Iranian forces.

IRGC Ground Force Commander, Brigadier General Mohammad Pakpour, left for Pakistan on Monday to pursue the case of the kidnapped Iranians, according to an IRGC statement.

Meanwhile, Iranian Oil Ministry quoted Minister Bijan Zanganeh as saying that Iranian oil output cannot be replaced by other oil-producing countries if Tehran is hit by US sanctions in November, Reuters published in a report from Dubai.

“As I have repeatedly said there is no replacement for Iranian oil in the market,” said Zanganeh.

In May, US President Donald Trump pulled out of an international nuclear deal with Iran and announced sanctions against OPEC’s third-largest producer. Washington is pushing allies to cut imports of Iranian oil to zero and will reimpose sanctions on Iranian oil and financial sectors in November.

In June, OPEC agreed to boost supply to make up for the expected disruption to Iranian exports. But Iran has repeatedly said that its oil exports cannot be reduced to zero because of high demand levels in the market.

“The market’s knowledge of this inability has raised the prices as the average price (of crude) ... Rising oil prices have slowed down the economic growth of most of the consumer countries, which is affecting the global economy,” Oil Minister noted.

Zanganeh advised Trump “to forgo imposition of sanctions on Iran’s oil exports”, saying that the non-OPEC producers of oil were also unable “to offset disruptions in the market”.

US Treasury Secretary Steven Mnuchin, in an interview with Reuters on Sunday, dismissed concerns that oil prices could rise, saying the market had already factored in the losses.

Iran warned that if it cannot sell its oil due to US pressure, then no other regional country will be allowed to do so either, threatening to block the Strait of Hormuz, as referred by Reuters.

Under the 2015 nuclear deal, most international sanctions against Tehran were lifted in 2016 in exchange for Iran curbing its nuclear program.



Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
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Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo

Japan and Canada, who is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said on Wednesday.

In a phone conference on Wednesday, Japanese Finance Minister Katsunobu Kato and his Canadian counterpart, Francois-Philippe Champagne, shared concerns over the series of tariffs implemented by the US government, the ministry said in a statement.

As US President Donald Trump's sweeping reciprocal tariffs took effect from midnight with a 104% levy on Chinese imports, China retaliated by vowing to raise tariffs on the US to 84% from Thursday, Reuters reported.

This led to a market rout with bond prices tumbling and global stocks falling further. US Treasuries, the safest haven for the global financial system, were hit by fresh selling pressure on Wednesday in a sign that investors were dumping their safest assets.

The US dollar also weakened against other major currencies.

Japan will cooperate with the Group of Seven advanced economies and the International Monetary Fund to help stabilize a market rout unleashed by US tariffs, the country's top currency diplomat said on Wednesday.