Iran’s Petrochemical, Fuel Sales Boom as Sanctions Hit Crude Exports

Sanctions affect Iranian crude exports (Reuters)
Sanctions affect Iranian crude exports (Reuters)
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Iran’s Petrochemical, Fuel Sales Boom as Sanctions Hit Crude Exports

Sanctions affect Iranian crude exports (Reuters)
Sanctions affect Iranian crude exports (Reuters)

Iranian fuel and petrochemical exports have boomed in recent years despite stringent US sanctions, leaving Iran well placed to expand sales swiftly in Asia and Europe if Washington lifts its curbs, trading sources and officials said.

The US imposed sanctions on Iran’s oil and gas industry in 2018 to choke off the Islamic Republic’s main source of revenues in a dispute with Tehran over its nuclear work.

The steps crippled crude exports but not sales of fuel and petrochemicals, which are more difficult to trace. Crude can be identified as Iranian by its grade and other features, while big oil tankers are more easily tracked via satellite.

Iran exported petrochemicals and petroleum products worth almost $20 billion in 2020, twice the value of its crude exports, oil ministry and central bank figures show. The government said in April they were its main source of revenues.

“The world is vast and the ways of evading sanctions are endless,” Hamid Hosseini, board member of Iran’s Oil, Gas and Petrochemical Products Exporters’ Union in Tehran, told Reuters.

Competitive prices and Iran’s location, close to major shipping lanes, made its products attractive, he said.

There are also many more buyers of refined products than importers with refineries configured to process Iranian crude.

In addition, Iran exports some fuel by trucks to its neighbors, which involve small transactions that are tough for the US Treasury to detect.

Tehran has been in talks since April to revive its nuclear pact with six world powers, after the US under President Donald Trump withdrew from the deal in 2018 and ratcheted up sanctions.

Iran says it will only restrict its nuclear work under the pact if US sanctions are scrapped.



North Korea Ruling Party Promotes Kim Jong Un’s Younger Sister 

Kim Yo Jong, sister of North Korea’s leader Kim Jong Un, attends a reception in the Great Hall of People following a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Beijing on September 3, 2025. (AFP)
Kim Yo Jong, sister of North Korea’s leader Kim Jong Un, attends a reception in the Great Hall of People following a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Beijing on September 3, 2025. (AFP)
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North Korea Ruling Party Promotes Kim Jong Un’s Younger Sister 

Kim Yo Jong, sister of North Korea’s leader Kim Jong Un, attends a reception in the Great Hall of People following a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Beijing on September 3, 2025. (AFP)
Kim Yo Jong, sister of North Korea’s leader Kim Jong Un, attends a reception in the Great Hall of People following a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Beijing on September 3, 2025. (AFP)

North Korea's ruling party has elevated leader Kim Jong Un's powerful younger sister to a top position, state media said Tuesday, a sign of her far-reaching influence within the reclusive nation.

Thousands of party elites have packed the capital Pyongyang for a once-in-five-years summit of the ruling Workers' Party, a gathering that directs state efforts on everything from diplomacy to war planning.

Kim Yo Jong -- long considered one of her brother's closest lieutenants -- was promoted to department director within the party's apex central committee, the Korean Central News Agency said.

Although it was not clear which department she would lead, she has previously held a senior role within the party's propaganda unit.

Kim Yo Jong has in recent years emerged as one of the most powerful figures in North Korea, playing a highly visible role in diplomacy, nuclear negotiations and other matters of state.

"Kim Yo Jong is one of the very few people Kim Jong Un can trust and rely on," said Ahn Chan-il, a researcher originally from North Korea.

"She also served as a working-level official for Kim's summits with US President Donald Trump in Singapore and Hanoi. She is experienced and seasoned," he told AFP.

Kim Yo Jong burst on to the international scene in 2018, when she was dispatched to Seoul as North Korea's envoy for the Pyeongchang Winter Olympics.

With that trip, she became one of the first members of the ruling Kim dynasty to set foot in the South since the Korean War.

Since then, she has gained a reputation for her vitriolic denunciations of Washington and Seoul.

She once derided the government of former South Korean president Yoon Suk Yeol as a "faithful dog" of the United States.

Her tone has softened somewhat since South Korea's incumbent leader Lee Jae Myung -- who has sought to mend ties with the North -- took office last year.

Kim Yo Jong's latest advancement "amounts to promotion to ministerial rank," said Lim Eul-chul from the Institute for Far Eastern Studies at Kyungnam University.

- Rapid rise -

Remarkably little is known about Kim Yo Jong given her prominent role in North Korea's dealings with the outside world.

Born in 1988, according to the South Korean government, she is one of three children born to Kim's father and predecessor, Kim Jong Il, and his third known partner, former dancer Ko Yong Hui.

She was educated in Switzerland alongside her brother and rose rapidly up the ranks once he inherited power after their father's death in 2011.

Pyongyang has never officially disclosed any information about Kim Yo Jong's marital status or children.

Rare footage released by state media last year showed her attending an art show with two young children.

The Workers' Party congress offers a rare glimpse into the political workings of reclusive North Korea, and is widely seen as a forum for Kim to flex his grip on power.

It is just the ninth time the gathering has been called to order under North Korea's decades-spanning Kim dynasty.

There is keen interest in whether the congress might also promote leader Kim Jong Un's teenage daughter Kim Ju Ae.

Kim Ju Ae has emerged as a clear frontrunner to continue the family dynasty, according to South Korea's national intelligence service.

Trump stepped up his courtship of Kim Jong Un during a tour of Asia last year, saying he was "100 percent" open to a meeting.

But the North Korean leader has so far largely shunned efforts to resume top-level diplomatic dialogue.


Ukraine Marks Four Years Since Russian Invasion 

A Ukrainian Honor Guard stands as a symbolic illumination entitled "Rays of Memory" is projected over the graves of Ukrainian soldiers who died in the war with Russia, at Lychakiv Military Cemetery in Lviv on February 23, 2026, ahead of the fourth anniversary of Russia's invasion of Ukraine. (AFP)
A Ukrainian Honor Guard stands as a symbolic illumination entitled "Rays of Memory" is projected over the graves of Ukrainian soldiers who died in the war with Russia, at Lychakiv Military Cemetery in Lviv on February 23, 2026, ahead of the fourth anniversary of Russia's invasion of Ukraine. (AFP)
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Ukraine Marks Four Years Since Russian Invasion 

A Ukrainian Honor Guard stands as a symbolic illumination entitled "Rays of Memory" is projected over the graves of Ukrainian soldiers who died in the war with Russia, at Lychakiv Military Cemetery in Lviv on February 23, 2026, ahead of the fourth anniversary of Russia's invasion of Ukraine. (AFP)
A Ukrainian Honor Guard stands as a symbolic illumination entitled "Rays of Memory" is projected over the graves of Ukrainian soldiers who died in the war with Russia, at Lychakiv Military Cemetery in Lviv on February 23, 2026, ahead of the fourth anniversary of Russia's invasion of Ukraine. (AFP)

Ukraine marked the fourth anniversary of Russia's full-scale invasion on Tuesday with a show of solidarity from its staunchest allies, but with no end in sight to Europe's bloodiest conflict since World War II.

Tens of thousands of lives have been lost since the Kremlin ordered troops into Ukraine on February 24, 2022, confident of a quick victory but not expecting the fierce resistance that followed.

The worldwide fallout of the war has been immense, with many European countries increasing their own defense spending in anticipation of a possible confrontation of their own with Russia.

Talks between the two sides, relaunched last year by the United States, have so far failed to halt the fighting, which has devastated Ukraine and left it facing the mammoth task of reconstruction.

European Commission chief Ursula von der Leyen was in Kyiv to mark the occasion, posting a video saying she was visiting for the tenth time since the war began to reaffirm that Europe stood "unwaveringly with Ukraine, financially, militarily, and through this harsh winter".

"And to send a clear message to the Ukrainian people and to the aggressor alike: we will not relent until peace is restored. Peace on Ukraine's terms," she said.

She is expected to take part in a "commemoration ceremony" and visit a Ukrainian energy facility damaged by Russian strikes before meeting President Volodymyr Zelensky.

Von der Leyen will also take part in a videoconference with Kyiv's allies, including Britain, France and Germany.

- Impasse -

Russia, which currently occupies nearly 20 percent of Ukrainian territory, bombs civilian areas and infrastructure on a daily basis.

The bombardment has sparked the worst energy crisis since the start of the invasion, with plunging winter temperatures adding to the suffering.

Kyiv's allies have slapped heavy sanctions on Moscow, forcing it to redirect its key oil exports towards new markets, particularly in Asia.

Despite heavy losses, Russian troops have in recent months advanced slowly on the front line, particularly in the eastern Donbas region, which Moscow wants to annex.

US-brokered talks are ongoing, with Zelensky unwavering in his demands for security guarantees from Washington before any talk of "compromise", including on territory, with Russia.

Russia, though, has rejected Ukrainian proposals for the deployment of European troops in Ukraine after any ceasefire deal.

President Vladimir Putin has repeatedly warned that he will pursue his objectives by force if diplomacy fails.

- Reconstruction -

The grinding four-year war has devastated Ukraine, which even before the fighting was one of the poorest countries in Europe.

According to a joint World Bank, European Union and United Nations report with Kyiv, published on Monday, the cost of post-war reconstruction is estimated at around $558 billion over the next decade.

Russia justified sending troops into Ukraine to prevent Ukraine's ambition to join NATO, arguing that Kyiv's membership of the transatlantic alliance would threaten its own security.

On Monday, during a medal ceremony to mark "Defenders of the Fatherland Day", Putin insisted that his soldiers were defending Russia's "borders" to ensure "strategic parity" between powers and fight for the country's "future".

Ukraine, a former Soviet republic, considers the war to be a resurgence of Russian imperialism aimed at subjugating the Ukrainian people.

In an interview with the BBC broadcast on Sunday, Zelensky said he believed Putin had "already started" World War III.

"Russia wants to impose on the world a different way of life and change the lives people have chosen for themselves," he told the British public broadcaster.


Mexico's Jalisco Cautiously Tries Returning to Normal after Cartel Violence

Mexican soldiers patrol in armored vehicles in Acapulco after authorities reinforced security following roadblocks and arson attacks carried out by organized crime in several states, in the aftermath of a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as "El Mencho," was killed in Jalisco state, in Acapulco, Mexico, February 22, 2026. REUTERS/Henry Romero
Mexican soldiers patrol in armored vehicles in Acapulco after authorities reinforced security following roadblocks and arson attacks carried out by organized crime in several states, in the aftermath of a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as "El Mencho," was killed in Jalisco state, in Acapulco, Mexico, February 22, 2026. REUTERS/Henry Romero
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Mexico's Jalisco Cautiously Tries Returning to Normal after Cartel Violence

Mexican soldiers patrol in armored vehicles in Acapulco after authorities reinforced security following roadblocks and arson attacks carried out by organized crime in several states, in the aftermath of a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as "El Mencho," was killed in Jalisco state, in Acapulco, Mexico, February 22, 2026. REUTERS/Henry Romero
Mexican soldiers patrol in armored vehicles in Acapulco after authorities reinforced security following roadblocks and arson attacks carried out by organized crime in several states, in the aftermath of a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as "El Mencho," was killed in Jalisco state, in Acapulco, Mexico, February 22, 2026. REUTERS/Henry Romero

Residents of Jalisco cautiously peeked their heads out Monday after waves of retaliatory cartel violence rocked the Mexican state over the weekend following the death of a major drug kingpin.

Schools were closed in state capital Guadalajara, as were many businesses, said AFP.

Public transportation partially resumed -- though buses carried few passengers.

Those going about town seemed to mostly be headed to the grocery store to stock up in case gang members decided to block roads and set fire to vehicles and shops again, as they did after the army announced it killed Nemesio "El Mencho" Oseguera.

The powerful leader of the Jalisco New Generation Cartel died from his wounds in a shootout with authorities Sunday, sparking a wave of retaliatory violence including a prison break.

In Guadalajara, Matias Mora was too scared to leave his home after "they burned down the pharmacy."

But cautiously, the taxi driver took to the streets for work Monday.

"We were short on food," he said.

Nearly "everything" is closed "and there are huge lines to buy things" at the few places that are open, Juan Soler, a retiree, told AFP.

"We were locked inside, terrified," Maria de Jesus Gonzalez said as she moved forward through a long line at the supermarket.

As shopping carts ran out, some patrons bought laundry baskets to load their groceries in.

In the city's streets, authorities removed burnt vehicles reduced to twisted, smoke-stained metal structures.

But not all was calm across the state of Jalisco.

On the road to Tapalpa, the city where Oseguera fought his last stand, cartel members still manned roadblocks.

Authorities have said the worst of the violence has passed, with most blockades ending across the country.

- More to come? -

Some 10,000 troops have been deployed to restore calm after violence erupted across 20 of Mexico's 32 states Sunday, including in the resort city of Puerto Vallarta, popular with international tourists.

Oseguera, 59, was considered the last of the drug lords who acted in the brutal mold of the now-imprisoned Joaquin "El Chapo" Guzman and Ismael "El Mayo" Zambada, of the rival Sinaloa cartel.

He was a founding member of New Generation, which was formed in 2009 and has grown into one of Mexico's most violent crime organizations.

During the raid on Oseguera and subsequent clashes, at least 27 members of security forces, 46 suspected criminals and one civilian were killed, authorities reported.

Though Oseguera's death is being hailed as a victory, the wave of violence over the weekend was perhaps a harbinger of things to come.

Experts have warned the "absence of a direct succession" within New Generation could lead to a power vacuum -- and violent fights to fill it.