US Grants South Korea an Iran Sanctions Exemption

Commuters wearing masks to avoid contracting the coronavirus disease (COVID-19) walk on a zebra crossing in Seoul, South Korea, September 24, 2021. REUTERS/Kim Hong-Ji
Commuters wearing masks to avoid contracting the coronavirus disease (COVID-19) walk on a zebra crossing in Seoul, South Korea, September 24, 2021. REUTERS/Kim Hong-Ji
TT

US Grants South Korea an Iran Sanctions Exemption

Commuters wearing masks to avoid contracting the coronavirus disease (COVID-19) walk on a zebra crossing in Seoul, South Korea, September 24, 2021. REUTERS/Kim Hong-Ji
Commuters wearing masks to avoid contracting the coronavirus disease (COVID-19) walk on a zebra crossing in Seoul, South Korea, September 24, 2021. REUTERS/Kim Hong-Ji

The United States has granted South Korea a sanctions exemption, allowing the country to pay millions of dollars of overdue compensation to an Iranian investor over a 2010 dispute.

Seoul's foreign ministry said it had received a "specific license" from the US Treasury Department allowing the South Korean government to pay compensation to Iran's Dayyani Group.

"The license allows using the US financial system to pay compensation to the Iranian private investor," AFP quoted the ministry as saying in a statement.

In 2018, the International Center for Settlement of Investment Disputes ordered Seoul to pay 73 billion won ($61 million) to the Dayyani Group over a failed takeover of Daewoo Electronics in 2010.

The license will serve as an "important foundation" for settling the dispute with the Iranian investor, the ministry added, expressing hope that "it will help improve bilateral relations".

The announcement comes more than a week after South Korea sent top diplomats to Vienna for talks with US negotiators working to revive the 2015 Iran nuclear deal.

Tehran was South Korea's third-largest Middle Eastern trade partner before the United States unilaterally withdrew from a 2015 nuclear deal between Tehran and world powers and reimposed crippling sanctions.

Iran had been a key oil supplier to resource-poor South Korea and in turn imported industrial equipment, household appliances and vehicle spare parts from Seoul.

Last year, Iran threatened South Korea with legal action unless Seoul released the more than $7 billion in frozen funds for oil shipments.

On the sidelines of the nuclear talks last week, South Korea said that it was looking for ways to resolve the issue of frozen Iranian assets in Korea.

France, Germany and the UK are participating in the talks about the 2015 deal, along with Russia and China, while the United States is indirectly involved.



Eritrean Information Minister Welcomes New Chapter of Cooperation With Washington

Eritrean Information Minister Yemane G. Meskel (X account)
Eritrean Information Minister Yemane G. Meskel (X account)
TT

Eritrean Information Minister Welcomes New Chapter of Cooperation With Washington

Eritrean Information Minister Yemane G. Meskel (X account)
Eritrean Information Minister Yemane G. Meskel (X account)

Eritrean Information Minister Yemane Gebremeskel welcomed the United States' decision to lift sanctions affecting his country, describing the move as reflecting "a reservoir of constructive political goodwill" and saying it could pave the way for a new chapter in bilateral cooperation, particularly in investment and trade.

In remarks to Asharq Al-Awsat, the minister said the sanctions, which had caused significant economic damage to Eritrea, had sent an important message to the international community.

The United States recently ended the national emergency related to the crisis in Ethiopia, under which sanctions had been imposed on Eritrean entities and individuals over Eritrea's military role in the war in Ethiopia's Tigray region. The conflict ended with a peace agreement in 2022. Washington said the expiration of the emergency reflected changed circumstances underlying the measures.

The US Treasury's Office of Foreign Assets Control subsequently removed from its sanctions list entities and individuals designated under the relevant executive order. These included the People's Front for Democracy and Justice, Eritrea's ruling party, the Eritrean Defense Forces, and the Red Sea Trading Corporation, as well as Eritrean officials.

"Restoring Lost Opportunities"

In his remarks to Asharq Al-Awsat, Gebremeskel said the sanctions that have now been lifted "were not justified by any criteria in the first place and caused significant economic damage."

"Lifting them sends an important message to the international community by removing a political impediment that was not conducive to investment and broader engagement," he said.

He said the details of future cooperation would be determined through appropriate channels and platforms, with a focus on investment and trade.

Asked about the role of Massad Boulos, the US president's senior adviser for Arab and African affairs, Gebremeskel said Boulos had met Eritrean Foreign Minister Osman Saleh on the sidelines of Saleh's recent visit to Cairo.

He said the previous meetings had been "initial discussions to lay the groundwork for broader talks at appropriate levels on comprehensive bilateral cooperation, with a focus on investment and trade," expressing hope that the lifting of the sanctions would accelerate those contacts.

On the immediate implications of lifting the sanctions, he said the move opens "prospects for restoring lost opportunities and moving forward quickly." He said Eritrea has advantages across multiple sectors and is open to investment in areas of mutual benefit, supported by an established legal and administrative framework.

He stressed that "Eritrea's international partnerships have always been based on sustainable ties that enhance mutual and equal benefits, while avoiding imbalanced advantages or structural dependency, principles that have become norms governing bilateral and multilateral cooperation."

Relations With Egypt

On relations with Egypt, he said: "Cooperation with Egypt has developed rapidly over the past decade, not only because of history and geography, but also because the two countries are located in a vital strategic region, particularly along the Red Sea maritime route, and share similar views on mechanisms for cooperation among coastal states to enhance the security of this waterway."

"Eritrea, Egypt, and other like-minded countries in the Horn of Africa and Red Sea region have moved beyond slogans toward mechanisms for joint action to strengthen regional security and stability," he added.

He stressed that "the principles of the Council of Arab and African Coastal States of the Red Sea and Gulf of Aden remain a key platform for multilateral cooperation," alongside convergence in positions on resolving the conflict in Sudan and the situation in Somalia.

On Eritrea's foreign policy priorities for the next phase, he said his country's policy "has always been consistent and transparent, based on building bilateral and multilateral relations within frameworks of equal and mutually beneficial cooperation."

He rejected describing Eritrea as "isolationist," calling the characterization "a false and malicious concept promoted by its critics" that contradicts the country's strategic geographic position, economic potential, and government policies.

"Asmera will seriously seek to capitalize on new diplomatic openings to advance its core national interests," he said.


CNN, MS Now, Politico Sue Donald Trump over White House Ban

President Donald Trump speaks to reporters at Charlotte Douglas International Airport, Wednesday, Sept. 16, 2026, in Charlotte, N.C. (AP Photo/Alex Brandon)
President Donald Trump speaks to reporters at Charlotte Douglas International Airport, Wednesday, Sept. 16, 2026, in Charlotte, N.C. (AP Photo/Alex Brandon)
TT

CNN, MS Now, Politico Sue Donald Trump over White House Ban

President Donald Trump speaks to reporters at Charlotte Douglas International Airport, Wednesday, Sept. 16, 2026, in Charlotte, N.C. (AP Photo/Alex Brandon)
President Donald Trump speaks to reporters at Charlotte Douglas International Airport, Wednesday, Sept. 16, 2026, in Charlotte, N.C. (AP Photo/Alex Brandon)

CNN, MS NOW and Politico sued President Donald Trump on Monday for banning them from White House grounds, saying it violated their rights under the US Constitution to cover him.

In a complaint filed in the Washington, D.C., federal court, the media outlets said Trump can't ban them solely because he dislikes what he calls their "negative" coverage, and reserve coverage for media who offer praise. They also said the public deserves "current and complete information" about their government.

"This ban could not be a more direct assault on the First Amendment nor a more blatant violation of our most fundamental constitutional principles," the media outlets said.

According to AFP, leading US broadcasters suspended the TV "pool" coverage in solidarity with CNN.

"The public has a vital interest in receiving accurate, independent information about its government. No administration should restrict a news organization because it objects to its reporting," ABC, CBS, CNN, Fox and NBC said in a statement.

TV broadcasters rotate responsibility for filming the president at some events.


US Refuses Visas for Iran UN Delegation Members

Iranian President Masoud Pezeshkian delivers a speech in the United Nations General Assembly Hall in New York (File photo/UN)
Iranian President Masoud Pezeshkian delivers a speech in the United Nations General Assembly Hall in New York (File photo/UN)
TT

US Refuses Visas for Iran UN Delegation Members

Iranian President Masoud Pezeshkian delivers a speech in the United Nations General Assembly Hall in New York (File photo/UN)
Iranian President Masoud Pezeshkian delivers a speech in the United Nations General Assembly Hall in New York (File photo/UN)

The United States has refused to issue visas for members of Iranian President Masoud Pezeshkian's delegation, including his communications team, for this week's trip to the UN General Assembly, Iranian state media reported Monday.

Pezeshkian will be the highest-ranking Iranian official to enter the United States since the Middle East war began with US-Israeli strikes on Iran in February.

"In an unprecedented hostile move by the US government, (US President Donald) Trump has denied US visas to certain members of the president's high-level delegation, including members of his communications team," state news agency IRNA reported.

The Mehr news agency also carried the story, citing a spokesperson for the Iranian presidency, and added that Pezeshkian will address the UN General Assembly on Wednesday.

The US has authorized the Iranian delegation to travel for the UN General Assembly but will, like last year, put restrictions in place.

Iran's delegation will not, for instance, be allowed to purchase luxury goods or other items, the State Department said on Thursday.

Iranian Foreign Minister Abbas Araghchi, part of the delegation to the UN, left Iran on Sunday evening for a stopover in Qatar.

Iran says it has conveyed to the US, via Qatar as mediator, conditions for reopening the strategic Strait of Hormuz oil and gas shipping route, which it has choked off since the war began.

The United States, in turn, is imposing a counterblockade of Iranian ports.