Standard Chartered on Tuesday settled allegations that it helped Iranian clients dodge US sanctions, announcing a fine of $340 million from a New York banking watchdog.
South Korean oil refiners are in talks with Iran to resume oil imports, officials said Thursday, potentially by using Iranian tankers as a way to circumvent EU sanctions.
Iran is being hit by a "war" on its economy, according to officials facing tightened US sanctions and renewed Israeli threats of imminent military action over Tehran's nuclear activities.
The US Congress Wednesday approved punishing new sanctions targeting Iran's energy and shipbuilding sectors, a day after President Barack Obama unveiled measures to cripple Tehran's nuclear drive.
Beijing reacted furiously Wednesday to new US sanctions imposed on a Chinese bank over transactions with Iran, urging Washington to revoke them and saying it would lodge an official protest.
UN chief Ban Ki-moon and international envoy Kofi Annan called on the UN Security Council to take strong action on the Syria conflict ahead of a vote Thursday on a western-backed resolution calling for sanctions.
Japan and its allies shot down a Latin American-led proposal Monday to create a sanctuary for whales in the southern Atlantic Ocean, reigniting international tensions over Tokyo's whaling.