Top US Navy official: We Reached 'Uneasy Deterrence’ With Iran

A US MH-60 Seahawk helicopter flies over Revolutionary Guard patrol boats in the Strait of Hormuz, as tensions run high over the Iranian nuclear program. (AP)
A US MH-60 Seahawk helicopter flies over Revolutionary Guard patrol boats in the Strait of Hormuz, as tensions run high over the Iranian nuclear program. (AP)
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Top US Navy official: We Reached 'Uneasy Deterrence’ With Iran

A US MH-60 Seahawk helicopter flies over Revolutionary Guard patrol boats in the Strait of Hormuz, as tensions run high over the Iranian nuclear program. (AP)
A US MH-60 Seahawk helicopter flies over Revolutionary Guard patrol boats in the Strait of Hormuz, as tensions run high over the Iranian nuclear program. (AP)

The top US Navy official in the Mideast said on Sunday the US has reached an “uneasy deterrence” with Iran after months of regional attacks and seizures at sea, even as tensions remain high between Washington and Tehran over its nuclear program.

Vice Adm. Sam Paparo, who oversees the Navy’s 5th Fleet based in Bahrain, struck an academic tone in comments to the annual Manama Dialogue hosted by the International Institute for Strategic Studies.

He described having a “healthy respect” for both Iran’s regular navy and the naval forces of its paramilitary Revolutionary Guard, which the US designated as a foreign terrorist organization in 2019.

“We have achieved an uneasy deterrence. That uneasy deterrence is exacerbated by world events and by events along the way,” the vice admiral said, The Associated Press reported.

Paparo offered a different stance than his immediate predecessor, Vice Adm. James Malloy, whose last comments to journalists in August, referred to Iran as “reckless and provocative” and always trying in dramatic naval drills to “lower the denominator until they’re sure that they can look like they’ve won something.”

Malloy’s tenure saw oil tankers seized by Iran and a series of limpet mine explosions targeting tankers that the Navy blamed on Iran. Tehran denied being involved, though Revolutionary Guard members were filmed taking an unexploded mine away from one tanker.

Notably, the several months that Paparo’s been in charge have not seen any major crises.

The Revolutionary Guard typically patrols the shallower waters of the Arabian Gulf and its narrow mouth, the Strait of Hormuz.

Iran’s regular navy largely operates in the Gulf of Oman and the Arabian Sea. While previous commanders have made a point to differentiate between the professionalism of the two, Paparo dismissed it as an “old idea” that included a lingering belief that the service was still loyal to Iran’s former shah, who was toppled in the 1979 Islamic revolution.

“Forty-one years into the revolution, I think we can dispense with that notion,” the vice admiral said.

“I sincerely doubt there’s a difference among them.”

Paparo also said he did not believe the 5th Fleet’s mission would be affected by the Navy potentially reconstituting a 1st Fleet responsible for the Indian Ocean.

Still, Paparo’s remarks carried a clear warning, quoting former US Defense Secretary Jim Mattis at one point.

“Be polite, be professional and have a plan to kill everyone in the room,” he said. “That’s how we conduct ourselves at sea.”



Italy Has Frozen Russian Oligarchs' Assets Worth over $2.6 Billion

Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA
Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA
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Italy Has Frozen Russian Oligarchs' Assets Worth over $2.6 Billion

Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA
Representation photo: The seized yatch 'Tango', which belongs to Renova Group head Viktor Vekselberg, moors in the port of Palma de Mallorca, Spain, 04 April 2022. EPA/CATI CLADERA

Italy has frozen Russian oligarchs' assets valued at around 2.3 billion euros ($2.64 billion) since the invasion of Ukraine in 2022, data provided by Italian authorities show, with the most recent seizures occurring at the beginning of the month.

Italy seized assets - including bank accounts, luxury villas, yachts and cars - as part of the European Union's sanctions against the Kremlin and its backers.

The Bank of Italy had said that at the end of June 2023 their value amounted to 2.5 billion dollars, said Reuters.

This month it did not update the total amount, but said that the funds frozen due to sanctions against Russia totaled almost 280 million euros up to December 2024 — a 44 million euro increase from the previous year.

Separately, the tax police seized in early June an Iranian company based in Milan, Irital Shipping Lines, and two of its properties worth a total of more than 1 million euros, due to "Iran's military support for Russia's war of aggression against Ukraine".

The company has not yet responded to a request for comment emailed by Reuters.

MAINTENANCE COSTS

Italy's State Property Agency holds all non-liquid assets frozen due to EU sanctions and the Italian government bears the costs of managing these assets during the freezing period.

According to the latest official data available, the costs incurred by the State for their maintenance amounted to 31.7 million euros up to February 2024.

When asked about the level of maintenance cost incurred by Italian taxpayers so far, the agency said it could not provide the information because it "is covered by official secrecy." Reuters calculation suggests that costs may have increased by around 15 million euros to more than 45 million euros to date.

The fate of these assets rests with the European Union.

If the EU decides to make the freezes permanent, the state must initiate proceedings to convert them into confiscations.

If Brussels decides to unfreeze them, the assets can be returned to their owners, provided that they pay Italy the maintenance costs incurred.