Iran Bans Import of Home Appliances from South Korea

A shop selling Samsung products after the South Korean company quit the Iranian market in February 2020. (Tasnim)
A shop selling Samsung products after the South Korean company quit the Iranian market in February 2020. (Tasnim)
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Iran Bans Import of Home Appliances from South Korea

A shop selling Samsung products after the South Korean company quit the Iranian market in February 2020. (Tasnim)
A shop selling Samsung products after the South Korean company quit the Iranian market in February 2020. (Tasnim)

Iranian President Ebrahim Raisi instructed the ministries of commerce and economy to ban imports from South Korea’s home appliances companies, following orders from Supreme Leader Ali Khamenei.

Khamenei’s orders came in response to a request by several domestic home appliance manufacturing companies to prevent the import of foreign-made home appliances into the country, a reference to Samsung and LG.

Khamenei has long stressed the importance of supporting internal production and avoiding the import of products similar to Iranian-manufactured goods.

“A potential return of foreign brands of home appliances, including two of South Korea’s companies, to the Iranian market would be a huge blow to local manufacturers and their expansion projects,” Khamenei’s letter read.

Ties between Iran and South Korea have been shaken over an estimated $7 billion in Iranian funds frozen because of US sanctions.

Iran was a key oil supplier to resource-poor South Korea until Washington’s rules blocked the purchases.

South Korea’s imports of Iranian oil have been zero since May 2019, when the US revoked waivers which had allowed some countries to continue buying Iranian oil without falling foul of its sanctions.

The United States re-imposed sanctions on Iran in 2018 after former President Donald Trump withdrew from a deal to lift them in return for curbs on Iran’s nuclear program. Tehran calls the US sanctions economic warfare.

Iran and South Korea held talks to facilitate the release of funds, after US President Joe Biden’s administration said it wants to revive the nuclear deal with Tehran and lift economic sanctions.

In January, Tehran seized a South Korean oil tanker and its crew in strategic Gulf waters after accusing it of “repeated infringement of maritime environmental laws.”

Tehran attempted to pressure Seoul to hand it over billions of dollars of its assets but then released the tanker in April.



Chinese Foreign Minister Calls for US and China to 'Overcome Obstacles' Ahead of Presidential Summit

US and Chinese flags are seen in this illustration created on March 20, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
US and Chinese flags are seen in this illustration created on March 20, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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Chinese Foreign Minister Calls for US and China to 'Overcome Obstacles' Ahead of Presidential Summit

US and Chinese flags are seen in this illustration created on March 20, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
US and Chinese flags are seen in this illustration created on March 20, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

China's foreign minister said his country and the United States should overcome obstacles between the nations ahead of an expected summit next month between US President Donald Trump and Chinese President Xi Jinping.

Wang Yi met with US ambassador to China David Perdue on Wednesday and called on both sides to “focus on the positive agenda, properly manage differences, remove interference and overcome obstacles to high-level exchanges between the two countries,” Chinese state broadcaster CCTV reported Thursday.

China-US relations “still face various risks and challenges,” he acknowledged in a statement released by CCTV.

Trump and Xi met in May in Beijing and pledged to keep the relationship stable and maintain the fragile trade truce. Trump invited Xi to meet Sept. 24 in the US, but the exact date of the Chinese leader's visit has not been confirmed, The Associated Press said.

Since then, however, the US and China have continued to take targeted economic action against each other, including the US banning imports of new Chinese-made humanoid robots and China banning American entities engaging in trade and other activities in China.

Also on Thursday, China's Ministry of Foreign Affairs spokesperson Lin Jian said at a regular press conference that China and the US were maintaining communication about the two leaders' upcoming meeting “within the year.”

China-US tensions had been elevated since Trump's return to the White House last year, with the US at one point saying tariffs on China would be up to 145%, although the tariff levels came down substantially later. Tensions have eased in recent months and several agreements were made during the leaders' May meeting, including the setting up of boards of trade and investment between the two countries.

However, the Trump administration has recently been deliberating new tariffs of 7.5% on China as a result of an ongoing US probe against 16 economies on excess industrial capacity and production. An official decision has not yet been finalized or made public. The US also said last month that it was imposing a 12.5% tariff on China as a result of a US probe on forced labor against 60 economies.

In response to the potential 7.5% new tariffs by the US, China's Ministry of Commerce on Thursday told reporters that China “firmly opposes” the US probe on excess capacity, adding that the US was “politicizing economic and trade issues.”

Beijing will continue to closely monitor developments and “reserves the right to take all necessary measures” if needed, the Commerce Ministry added.

Last month, China also hit back against Western criticism of overcapacity in a report titled “China’s Position on the So-called Excess Capacity Issue,” saying China never sought a large trade surplus.


More than 1,300 are Missing in Nepal and Tibet after Catastrophic Floods Caused by Glacier Collapse

People amid damage in the aftermath of flash floods in Devighat in the Nuwakot district in Nepal, Thursday, Aug 27, 2026. (AP Photo/Niranjan Shrestha)
People amid damage in the aftermath of flash floods in Devighat in the Nuwakot district in Nepal, Thursday, Aug 27, 2026. (AP Photo/Niranjan Shrestha)
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More than 1,300 are Missing in Nepal and Tibet after Catastrophic Floods Caused by Glacier Collapse

People amid damage in the aftermath of flash floods in Devighat in the Nuwakot district in Nepal, Thursday, Aug 27, 2026. (AP Photo/Niranjan Shrestha)
People amid damage in the aftermath of flash floods in Devighat in the Nuwakot district in Nepal, Thursday, Aug 27, 2026. (AP Photo/Niranjan Shrestha)

Rescue teams searched on Thursday for hundreds of missing people along the Nepal-China border after a catastrophic and deadly torrent of floods and mud swept through several communities a day earlier following a glacier collapse.

The disaster left at least 168 people dead and more than 1,300 missing, including foreigners and pilgrims, and displaced hundreds of people across the Himalayan region.

Videos of the tragedy showed the flood swallowing up people as they tried to escape, and destroying buildings and bridges. On Thursday, drone footage from Nepal showed the scale of the destruction.

The region’s steep valleys are economic lifelines and travel corridors, but are precarious when disaster strikes. Images showed what appeared to be the second floors of buildings in Nuwakot slathered in mud after the torrent rushed by. Debris hung from tree branches and wires, vehicles were buried and some stunned survivors were caked in mud. The floods halted travel in some areas.

There was little time for anyone to flee.

Resident Jaleshwar Kumar Sahni received a phone call on Wednesday morning from an area close to the border that a lot of water was flowing through there, and later the flash floods destroyed everything in just 15 minutes.

“We don’t have anything left,” he said.

Warming climate threatens communities

The Himalayan mountain range spans several countries in South Asia and has many of the world’s highest peaks and remaining glaciers.

The steep slopes and the lush valleys below the Himalayan mountain range are especially vulnerable to flooding and landslides, and extreme weather events. Melting glaciers have become more common because of warming because of human-caused climate change.

Researchers in Kathmandu found earlier this year that glaciers across the Hindu Kush Himalaya region are melting faster, with ice loss rates doubling since 2000.

Helicopters deployed as roads were damaged

The disaster has left at least 165 dead and 826 people missing in Nepal, and three dead and 558 missing in Tibet, authorities said.

Nepalese officials said that dozens of bridges were destroyed and nearly 40 kilometers (25 miles) of roads were damaged, complicating search efforts.

The Nepalese army has rescued more than 100 people from flood-affected areas through helicopter operations on Thursday morning, army spokesperson Brig. Gen. Raja Ram Basnet said.

At least eight foreign nationals were airlifted to the country’s capital, Kathmandu, he said, adding that army teams also evacuated people trapped inside facilities linked to the Trishuli hydropower project.

Rescuers found bodies hundreds of kilometers downstream from the disaster zone in Chitwan district. Dozens of injured people have been transported to Kathmandu for advanced medical care.

Bishal Kumar Bhandari, chairman of the Nepal Red Cross Society, said they have shifted focus from rescue to large-scale relief operations in the flood-hit districts. He said that around 1,200 people were displaced from at least three villages.

In Tibet, a mudslide that struck near the land border crossing of Gyirong Port on Wednesday left mud in the surrounding areas more than 1½ meters (5 feet) deep on average, with some road sections exceeding 2 meters (6 feet), Chinese state broadcaster CCTV reported. Roads leading to the port were all damaged, while secondary collapses or landslides might occur as rain continued in the area, it added.

CCTV said that a barrier lake has also been discovered in the direction of the port, posing challenges to the rescue operation. Chinese authorities deployed a large military transport aircraft to send a team to the region, it said.

While electricity supply and communication resumed in the central urban areas in Gyirong town, those linked to the port were cut off, it said.

Hundreds of foreigners are missing

According to Nepal’s Tourism Board, 517 of the missing people in the country were foreigners and 178 of them were from India. It wasn't immediately clear how many missing Indian nationals were on a pilgrimage to Mount Kailash in Tibet, a sacred site for Hindus.

More than 60 of those unaccounted for in Nepal were from the US and the rest were from 30 other countries, ranging from Ukraine and the UK to South Africa and Japan, the Tourism Board said.

In addition, China’s Ministry of Foreign Affairs spokesperson Lin Jian said that nearly 100 Chinese citizens were missing on the Nepal side. CCTV earlier reported 260 of those missing in Tibet were foreigners.

Experts say glacier collapse caused devastating floods

The US Geological Survey first reported a magnitude 4.4 earthquake early Wednesday, about 66 kilometers (41 miles) north of Kathmandu, near the border.

The USGS later updated its analysis to say the seismic event it measured was a magnitude 5.2 glacier collapse that sent debris flowing downstream with catastrophic impact on communities. It said its determination was based on data from nearby seismic stations, long period seismic waves and satellite imagery, and that no earthquake had occurred.

Climate experts at the Kathmandu-based International Center for Integrated Mountain Development said an avalanche from a glacier likely caused Wednesday’s flash flood.

“Hydrological observations indicate the exceptional speed and magnitude of the flood wave,” they said in an emailed statement, noting that water levels at one point on the Trishuli river rose by as much as 9 meters (27 feet) over half an hour.

The Lhende Khola River, a tributary of the Bhotekoshi, had maximum flooding, they said.

The disaster in Nepal and Tibet is not a one-off. The increasingly unstable Himalayan ice system threatens communities, infrastructure and water supplies across one of the world’s most densely populated regions.

The region saw similar flash floods in August 2025, when a glacial lake in Tibet overflowed because of high temperatures. Nine people were killed, and critical infrastructure, including a bridge connecting Nepal and China, was damaged.


Iran Unable to Import Petrol amid US Blockade

Drivers queue at a petrol station to refuel in Tehran, on August 25, 2026. (AFP)
Drivers queue at a petrol station to refuel in Tehran, on August 25, 2026. (AFP)
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Iran Unable to Import Petrol amid US Blockade

Drivers queue at a petrol station to refuel in Tehran, on August 25, 2026. (AFP)
Drivers queue at a petrol station to refuel in Tehran, on August 25, 2026. (AFP)

Iran has been unable to import enough petrol to make up for insufficient domestic production because of a US naval blockade, a senior Iranian official said.

"Petrol production is insufficient, and because of the US naval blockade, we cannot import it," the official IRNA news agency quoted Vice President Mohammad Jafar Ghaempanah as saying on Wednesday.

The remarks came as Iranians have in recent days queued outside petrol stations, with the war with the United States increasingly shifting towards economic pressure on Tehran, said AFP.

On Monday, the Iranian president's chief of staff Mohsen Haji-Mirzaei said petrol quotas would be reviewed, without elaborating.

War broke out between Iran and the United States on February 28. Tehran has since seized control of the strategic Strait of Hormuz, with Washington imposing a naval counter-blockade on Iranian ports.

Ghaempanah criticized the distribution of highly subsidized fuel in Iran, saying the current system disproportionately benefits people who own multiple vehicles.

"The distribution of petrol in the country is inequitable. Owners of several vehicles benefit from subsidies, unlike those who do not own one," he said.

Iran, a major oil producer with some of the world's cheapest fuel, has for years heavily subsidized petrol, making any changes to pricing politically sensitive.