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Assad Signs Iranian Credit Line to Supply Syria with Energy

Syrians await the release of their relatives on May 3, 2022 in the centre of Damascus, after a general amnesty was issued by the Syrian president. (AFP)
Syrians await the release of their relatives on May 3, 2022 in the centre of Damascus, after a general amnesty was issued by the Syrian president. (AFP)
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Assad Signs Iranian Credit Line to Supply Syria with Energy

Syrians await the release of their relatives on May 3, 2022 in the centre of Damascus, after a general amnesty was issued by the Syrian president. (AFP)
Syrians await the release of their relatives on May 3, 2022 in the centre of Damascus, after a general amnesty was issued by the Syrian president. (AFP)

Syrian President Bashar al-Assad signed an Iranian credit line during a surprise visit to Tehran on Sunday, Syrian local media reported.

The official Syrian News Agency (SANA) said that Assad had signed a “new phase” of the credit line, which included supplying Syria with energy and other basic materials to fill the shortage.

A credit line is a flexible loan from a bank or financial institution, with a defined amount of money that can be accessed as needed and then repaid immediately or over a specified period of time.

The first credit line opened by Iran to Syria was in 2013, with a ceiling amounting to $1 billion dollars with soft interests, followed by another worth $3 billion to finance the country’s needs of oil and its derivatives.

In 2015, a new credit line worth $1 billion was opened, the revenues of which were used by Damascus to finance the import of goods and merchandise and the implementation of projects.

Despite international sanctions imposed on the two countries, Iranian economic support for the regime in Syria included, in addition to credit lines, many economic cooperation agreements that covered vital areas, mainly electricity and railways.

Syria has been facing a severe fuel and energy crisis since mid-March, after the halting of Iranian oil deliveries and the decline of Russian support, with Moscow’s engagement in the Ukrainian war.

According to media sources, Damascus has asked several Arab countries to supply it with oil through the private sector, but the economic sanctions imposed on Syria prevented the urgent demand from being met.

Economic sources in Damascus said that there was no solution but to activate the Iranian-Syrian credit line and circumvent the Iranian conditions, which require cash payment for oil, due to the international sanctions on Iran and Syria.

Assad’s surprise visit to Iran culminated in the activation of the credit line and Iran’s announcement that it would maintain its support to the Syrian president. The latter met with Iran's Supreme Leader Ali Khamenei, who underlined Tehran’s continued support to Syria, according to the sources.

Syria’s fuel and energy crisis led to a sharp rise in the prices of all commodities, necessities and foodstuffs, which reached more than 800 percent – the highest increase since 2013, according to a statement issued on Monday by the United Nations World Food Program (WFP).

“With years of conflict, a severe economic downturn, and food prices rising relentlessly since 2020, the Ukraine crisis is exacerbating what was already an alarming food security scenario in Syria. In March, food prices increased by 24 percent in just one month, following an 800 percent increase in the last two years. This has brought food prices to their highest level since 2013,” the WFP said.

It added: “Some 12 million people in Syria - more than half the population – currently face acute food insecurity. That is 51% more than in 2019 and an additional 1.9 million are at risk of sliding into hunger. With basic meals becoming a luxury for millions, nutrition is becoming a serious issue.”

WFP Executive Director David Beasley urged the international community to take immediate action in this regard.

“The international community must recognize that not taking action now will inevitably lead to a catastrophic future for Syrians. They deserve our immediate and unconditional support,” he stated.

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World

Has Iran Built an Espionage Network in Israel?

People walk in the rain during stormy weather in the port of Tel Aviv, Israel, 27 December 2025. EPA/ABIR SULTAN
People walk in the rain during stormy weather in the port of Tel Aviv, Israel, 27 December 2025. EPA/ABIR SULTAN
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Has Iran Built an Espionage Network in Israel?

People walk in the rain during stormy weather in the port of Tel Aviv, Israel, 27 December 2025. EPA/ABIR SULTAN
People walk in the rain during stormy weather in the port of Tel Aviv, Israel, 27 December 2025. EPA/ABIR SULTAN

For the past year, Israel has arrested dozens of Israeli citizens on suspicion of spying for Iran, Yedioth Ahronoth has reported on.

The Hebrew newspaper revealed on Saturday that some of the recruits were asked to photograph sensitive facilities and to collect information including documentation of Israeli army bases, strategic sites and homes linked to senior Israeli officials.

The newspaper said that since September 2024, Israeli authorities have uncovered 35 serious Iranian espionage cases. In some, individuals acted alone; in others, they were part of organized cells, with a mission to sow chaos, burn vehicles and carry out failed assassination plots.

It said the youngest of their recruits is a 13-year-old boy from Tel Aviv. Others had served in the reserves and regular forces.

They leaked sensitive information, including documentation of sensitive military bases, strategic sites and homes linked to senior Israeli officials.

The recruits included Mordechai “Moti” Maman, 72, of Ashkelon. He entered Iran twice and discussed with the agents the possibility of carrying out terror attacks in Israel.

The Iranian handlers discussed with him the option of assassinating senior figures such as Prime Minister Benjamin Netanyahu, then-Defense Minister Yoav Gallant and then-Shin Bet chief Ronen Bar.

After Maman told them the level of security surrounding senior officials made such attacks impractical, the sides discussed alternative terror and espionage activities, including possible attacks on former Prime Minister Naftali Bennett or mayors. Maman was arrested in September 2024.

In October 2024, four cells were arrested, including a couple who had been in contact with Iranian agents since 2021 and groups of five to eight people on suspicion of conducting espionage for Iran.

One of the cases involved seven Israelis who immigrated from Azerbaijan, including a father and son, suspected of maintaining ties for two years with operatives from Iran.

As part of that relationship, the suspects photographed military bases that later became targets in Iran’s ballistic missile attack last year. Some of the group were caught surveilling a senior Israeli official and his son, allegedly as part of an assassination plan.

Authorities also uncovered another case in which seven people aged 19 to 23 from the Jerusalem neighborhood of Beit Safafa were arrested on suspicion of conducting espionage for Iran for several months. Their main assignment was to assassinate an Israeli nuclear scientist and a mayor.

In early 2025, another espionage case was uncovered, and an indictment was filed against an Israeli from Petah Tikva, on charges including contact with a foreign agent and passing information to the enemy.

According to the indictment, the recruit photographed the neighborhood of National Unity party leader Benny Gantz and a power station in Tel Aviv.

His handler contacted him via Telegram and offered payment through a digital wallet in exchange for carrying out security-related tasks. These included documenting security facilities, spraying political graffiti, arson attacks on vehicles and other acts.

During 2025, more than nine indictments have been filed against cells and individuals accused of spying for Iran, most of them Jews the newspaper said.
Investigations revealed that most of the spies had carried out various missions in exchange for payment.

The majority of the recruits had not travelled to Iran to complete their recruitment, but communicated with Iranians through social networks or during their presence in other countries.

World

Polls Open for Myanmar's 1st Election Since Military Seized Power

Myanmar voters line up to cast ballots during the first phase of general election at a polling station in Naypyitaw, the capital city of Myanmar, 28 December 2025. EPA/RUNGROJ YONGRIT
Myanmar voters line up to cast ballots during the first phase of general election at a polling station in Naypyitaw, the capital city of Myanmar, 28 December 2025. EPA/RUNGROJ YONGRIT
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Polls Open for Myanmar's 1st Election Since Military Seized Power

Myanmar voters line up to cast ballots during the first phase of general election at a polling station in Naypyitaw, the capital city of Myanmar, 28 December 2025. EPA/RUNGROJ YONGRIT
Myanmar voters line up to cast ballots during the first phase of general election at a polling station in Naypyitaw, the capital city of Myanmar, 28 December 2025. EPA/RUNGROJ YONGRIT

Voters went to the polls Sunday for the initial phase of Myanmar ’s first general election in five years, held under the supervision of its military government while a civil war rages throughout much of the country.

Final results will not be known until after two more rounds of voting are completed later in January. It is widely expected that Min Aung Hlaing, the general who has ruled the country with an iron hand since an army takeover in 2021, will then assume the presidency.

The military government has presented the vote as a return to electoral democracy, but its bid for legitimacy is marred by bans on formerly popular opposition parties and reports that soldiers have used threats to force voters to participate.

While more than 4,800 candidates from 57 parties are competing for seats in national and regional legislatures, only six are competing nationwide with the possibility to gain political clout in Parliament. The well-organized and funded Union Solidarity and Development Party, with its support from the military, is by far the strongest contender.

Voting is taking place in three phases, with Sunday’s first round being held in 102 of Myanmar’s 330 townships. The second phase will take place Jan. 11, and the third on Jan. 25. Final results are expected to be announced by February.

Critics call the election a sham to keep the army in power Critics charge that the election is designed to add a facade of legitimacy to military rule that began when the military ousted the elected government of Aung San Suu Kyi in February 2021. It blocked her National League for Democracy party from serving a second term despite winning a landslide victory in the 2020 election.

They argue that the results will lack legitimacy due to the exclusion of major parties and limits on freedom of speech and an atmosphere of repression.

The expected victory of the military-backed Union Solidarity and Development Party makes the nominal transition to civilian rule a chimera, say opponents of military rule and independent analysts.

“An election organized by a junta that continues to bomb civilians, jail political leaders, and criminalize all forms of dissent is not an election — it is a theater of the absurd performed at gunpoint,” Tom Andrews, the UN-appointed human rights expert for Myanmar, posted on X.

The United Nations also said Sunday that Myanmar needs free elections.

"It is critical that the future of Myanmar is determined through a free, fair, inclusive and credible process that reflects the will of its people," said the United Nations in Myanmar, adding the UN "stands in solidarity with the people of Myanmar and their democratic aspirations.”

Holding the election may provide an excuse for neighbors like China, India and Thailand to continue their support, claiming the election promotes stability.

Western nations have maintained sanctions against Myanmar’s ruling generals due to their anti-democratic actions and the brutal war against their opponents.

Suu Kyi, Myanmar’s 80-year-old former leader, and her party are not participating in the polls. She is serving a 27-year prison term on charges widely viewed as spurious and politically motivated. Her party, the National League for Democracy, was dissolved in 2023 after refusing to register under new military rules.

Other parties also refused to register or declined to run under conditions they deem unfair, and opposition groups have called for a voter boycott.

World

Report: North Korean Money Launderer Transfers Funds to IRGC

Revolutionary Guard commanders during a meeting with Iranian Supreme leader (Khamenei’s website)
Revolutionary Guard commanders during a meeting with Iranian Supreme leader (Khamenei’s website)
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Report: North Korean Money Launderer Transfers Funds to IRGC

Revolutionary Guard commanders during a meeting with Iranian Supreme leader (Khamenei’s website)
Revolutionary Guard commanders during a meeting with Iranian Supreme leader (Khamenei’s website)

A media report published in South Korea has revealed traces of financial transactions between Iran’s regime and North Korea, both US-sanctioned states, signaling the two countries’ increasing use of non-traditional financial tools to circumvent restrictions on their banking systems.

According to blockchain tracking sources, transactions between both countries were carried out through the money-laundering network of a North Korean operative using cryptocurrencies, with part of the funds transferred to entities affiliated with the Iranian Revolutionary Guard Corps (IRGC), the South Korean Chosun Ilbo newspaper said in an article published last Friday.

It said investigations by TRM Labs show that dollars were transferred this year from a cryptocurrency wallet belonging to Sim Hyon-sop, a North Korean money launderer, to a wallet linked to the Revolutionary Guard.

According to the newspaper, Iran’s regime may have exchanged cryptocurrency to evade sanctions, convert funds into US dollars, or even pay for oil.

It said Iran and North Korea, both under severe US sanctions, have increasingly turned in recent years to opaque financial tools, mainly cryptocurrencies.

Analysts told the newspaper that these transactions are a sign of overlapping financial networks between the two countries aimed at circumventing the sanctions system.

Sim Hyon-sop, who is wanted by the FBI on charges of money laundering and sanctions evasion, has played a key role in this network.

According to the newspaper, Sim saw his bounty rise from $5 million to $7 million (approximately 10 billion Korean won) in July.

Born in Pyongyang in 1983, he is affiliated with North Korea’s Foreign Trade Bank, which has been on US sanctions lists.

He used aliases such as “Sim Ali” and “Sim Hajim” and posed as a representative of Kwangson Bank.

Chosun Ilbo said Sim’s laundering process was meticulous: North Korean “IT workers” sent him cryptocurrency stolen through hacking or received as wages, routing it through multiple digital wallets to obscure traces.

Sim then transferred the funds to pre-selected brokers in an Arab country or China, who converted them into US dollars.

Also, foreign currency earned by North Korean laborers in Russia, China, and Africa flowed into Sim’s accounts via similar laundering routes.

The newspaper showed that part of the earnings were not sent directly to North Korea but were instead spent on purchasing goods, equipment, and even weapons needed by Kim Jong Un’s regime.

Among the examples cited is the use of a company in Zimbabwe to purchase a $300,000 helicopter in Russia and deliver it to North Korea.

Additionally, the newspaper said about $800,000 were spent to procure raw materials for producing counterfeit cigarettes, one of Pyongyang’s main sources of income.

The Chosun Ilbo report stated that US banks, including Citibank, JPMorgan, and Wells Fargo, failed to detect Sim’s money-laundering activities. It said at least 310 transactions totaling $74 million were processed through the US financial system.

Referring to data from the Financial Action Task Force (FATF) and Chainalysis, the report said dozens of North Korean “shadow bankers” are active outside the country. Over several years, they have laundered more than $6 billion in stolen cryptocurrency for the regime.

Chosun Ilbo said that although the US federal court had issued an arrest warrant for Sim in March 2023, his capture remains nearly impossible.