US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
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US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)

The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the US maintains pressure on Tehran.

The move came after Iran said its latest peace proposal to the United States over the US-Israeli led war that started February 28 involves ending hostilities on all fronts including Lebanon, the exit of US forces ‌from areas close ‌to Iran, and reparations for destruction caused by ‌the ⁠conflict.

The Treasury Department ⁠imposed sanctions on the Iran-based Amin Exchange, also known as Ebrahimi and Associates Partnership Company, which it said has a widespread network of front companies spanning multiple jurisdictions, including in Türkiye and Hong Kong.

The US also blocked 19 vessels it said were involved in shipping Iranian petroleum and petrochemicals to foreign customers.

The Treasury ⁠Department said Iranian exchange houses facilitate billions of dollars ‌in foreign currency transactions a year, ‌enabling the government to evade sanctions and access the international financial system. It ‌said the front companies oversee hundreds of millions of dollars ‌in transactions on behalf of Iranian banks.

"Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes," Treasury Secretary Scott Bessent said in a release. "As Treasury systematically dismantles Tehran’s shadow banking system and shadow fleet under Economic ‌Fury, financial institutions must be alert to how the regime manipulates the international financial system to ⁠wreak havoc."

The sanctions block US assets of those designated and prevent Americans from doing business with them.

The US also designated vessels for transporting Iranian-origin oil, petroleum products and petrochemicals including the Barbados flagged liquefied petroleum gas tanker Great Sail, the Palau-flagged products tanker Ocean Wave, and the Panama-flagged chemical/oil tanker Swift Falcon.



Suspected Measles Cases Kill Nearly 1,000 as Bangladesh Struggles to Contain Outbreak

A child receives treatment for measles, at Bangladesh Shishu Hospital & Institute in Dhaka on September 3, 2026. (Photo by Salahuddin Ahmed / AFP)
A child receives treatment for measles, at Bangladesh Shishu Hospital & Institute in Dhaka on September 3, 2026. (Photo by Salahuddin Ahmed / AFP)
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Suspected Measles Cases Kill Nearly 1,000 as Bangladesh Struggles to Contain Outbreak

A child receives treatment for measles, at Bangladesh Shishu Hospital & Institute in Dhaka on September 3, 2026. (Photo by Salahuddin Ahmed / AFP)
A child receives treatment for measles, at Bangladesh Shishu Hospital & Institute in Dhaka on September 3, 2026. (Photo by Salahuddin Ahmed / AFP)

Eight-month-old Rojatun Jannat Ramisa is struggling to breathe in a hospital in Bangladesh’s capital as her parents sit helplessly beside her. She's one of thousands of children sickened by a measles outbreak that's sweeping across the country and has killed hundreds of children following setbacks to the country's vaccine program.

Ramisa’s mother Ranu Akhter traveled hundreds of kilometers (miles) after doctors in eastern Bangladesh referred her to a specialized child hospital in Dhaka to seek treatment for the life-threatening condition, The Associated Press said.

“Fourteen days ago, when we were at the district hospital, there were other children being treated alongside my daughter. I saw that those children also had red rashes on their bodies, sores in their mouths and fevers,” Akhter told The Associated Press at Dhaka Shishu Hospital.

“It made me realize how widespread the measles outbreak is,” she said.

Every day, the death toll is rising.

Bangladesh races to vaccinate children Bangladesh has been racing to halt the outbreak's spread since March, when more than 100 children died in less than a month. By Tuesday, the death toll from suspected measles cases reached 999 since the start of the year, according to the government’s Directorate General of Health Services.

Since March, the country has recorded more than 166,000 suspected measles cases, including 19,835 laboratory-confirmed infections, according to the Ministry of Health.

The government launched an emergency vaccination drive in March together with the World Health Organization, the UN children’s agency and the Gavi vaccine alliance. It began with a focus on children from 6 months to 5 years old and later expanded nationwide in phases.

Measles is a highly contagious airborne disease that causes fever, respiratory symptoms and a characteristic rash. It can sometimes have severe or fatal complications, especially in young children, according to the WHO.

Two doses of a vaccine provide strong protection against measles, but the WHO says 95% of the population has to be vaccinated in order to stop the disease from spreading — which protects children like Ramisa who are too young to be vaccinated as well as immunocompromised people.

The pandemic and political upheaval set back vaccinations

A few years ago, Bangladesh had measles largely under control, with a vaccination program that was credited for decades for protecting children and mothers from the deadly diseases of tuberculosis, diphtheria, whooping cough, tetanus, poliomyelitis and measles. Between 2021 and 2025, the country recorded just 100 to 300 cases per year, down from 2,410 cases in 2020.

But in the last few years, disruptions to the vaccine program have left a growing number of children unvaccinated.

First the pandemic interrupted routine vaccinations, and then in 2024 the government largely missed a vaccination campaign previously carried out every four years.

Atiqul Islam, a neonatal and child specialist at Bangladesh Shishu Hospital and Institute, said during the pandemic period in 2021 and 2022, many did not take their children to get vaccinated.

“So, if you look at children who are now four or five years old, many of them missed their vaccinations. That created a gap. During the previous interim government, vaccines were also unavailable at many vaccination centers,” he said.

Rival politicians trade blame for vaccine shortfall Bangladesh's current government, headed by Prime Minister Tarique Rahman, said the failures in planning under ousted Prime Minister Sheikh Hasina and interim leader Muhammad Yunus left the country with shortages of vaccines and far behind on coverage.

The 2024 measles vaccination campaign was disrupted during the political upheaval that led to Hasina’s ouster. She left the country in the face of a mass uprising in August 2024, and was followed by Yunus, who led an interim administration that transferred power to an elected government after an election in February.

From exile in India, Hasina blamed the Yunus-led government for the disaster.

Doctor says things are getting better, but not fast enough At Bangladesh Shishu Hospital, Islam said the situation has improved, but not enough.

The doctor said his colleagues are struggling to treat infected children who often arrive at the hospital with serious complications like pneumonia, diarrhea and encephalitis, or brain swelling.

“For the past six months, we have been treating measles patients continuously, and we are exhausted,” he said.


Merz Says Disaster Narrowly Averted in Russia-Prepared Drone Attack at Airport

German Chancellor Friedrich Merz looks on during a debate at the German parliament, the Bundestag, in Berlin, Germany, 09 September 2026. (EPA)
German Chancellor Friedrich Merz looks on during a debate at the German parliament, the Bundestag, in Berlin, Germany, 09 September 2026. (EPA)
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Merz Says Disaster Narrowly Averted in Russia-Prepared Drone Attack at Airport

German Chancellor Friedrich Merz looks on during a debate at the German parliament, the Bundestag, in Berlin, Germany, 09 September 2026. (EPA)
German Chancellor Friedrich Merz looks on during a debate at the German parliament, the Bundestag, in Berlin, Germany, 09 September 2026. (EPA)

German Chancellor Friedrich Merz said on Wednesday that an attempted drone attack at Leipzig/Halle airport had been prepared in Russia over an extended period and that a disaster was only narrowly ‌averted.

"This attack ‌was planned in ‌Russia ⁠for months and ⁠was specifically targeted at Germany, and only by pure chance was major material damage and harm to people ⁠prevented," Merz told the lower ‌house ‌of parliament.

Merz spoke after ‌the far-right Alternative for ‌Germany scored a major victory in a state election in Saxony-Anhalt on Sunday, running ‌on a platform that includes calls for ⁠closer ties ⁠with Moscow.

Russia has rejected any involvement in the drone incident at Leipzig airport, and its foreign minister has said these accusations were "the start of a real war".


UK Rejects Israel’s ‘Damaging’ Sanctions Retaliation

A view shows the British Consulate General in East Jerusalem, 09 September 2026. (EPA)
A view shows the British Consulate General in East Jerusalem, 09 September 2026. (EPA)
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UK Rejects Israel’s ‘Damaging’ Sanctions Retaliation

A view shows the British Consulate General in East Jerusalem, 09 September 2026. (EPA)
A view shows the British Consulate General in East Jerusalem, 09 September 2026. (EPA)

British foreign minister Ed Miliband on Wednesday condemned as "regrettable and damaging" Israel's decision to order the closure of the UK's consulate in Jerusalem as retaliation for London-led Western sanctions over settler violence. 

"We anticipated this might happen because we saw other countries, the Dutch, for example, who had announced sanctions, who had seen these reprisals from Israel. I think they're regrettable and damaging," Miliband told BBC Radio. 

Israel on Tuesday ordered the closure after 12 countries including Britain, Canada and France announced they would sanction trade with Israeli settlements in the West Bank, following a surge in settler attacks against Palestinians in the occupied West Bank. 

Israel said it would also expel British representatives at a center monitoring the US-brokered ceasefire plan in Gaza, bar British training for Palestinian Authority forces and ban 12 Britons, mostly members of parliament, from visiting the country. 

Miliband rejected suggestions that the sanctions would impact intelligence cooperation with Israel. 

"We have important intelligence and security relationships with Israel, and I'm confident they will continue," he said, declining to go into details. 

"And I was very clear yesterday that we do believe in working with our Israeli partners when it comes to the threats they face from Iran," he added. 

Miliband also dismissed the criticism of the sanctions by Britain's chief rabbi. 

Ephraim Mirvis on Tuesday called the measures "little more than political flag-bearing". 

He said it was a "truly a dark day for British Jews", predicting that the measures "will succeed only in bolstering the very extremism they seek to target". 

Several antisemitic attacks in London this year have targeted synagogues and other Jewish sites.