U.S. Charges Huawei CFO With Iran Fraud
Meng Wanzhou allegedly deceived banks into processing transactions for an "unofficial subsidiary" that did business in Iran.
U.S. Parts Ban Forces Halt to ZTE Operations
The Chinese smartphone maker, which is heavily reliant on Qualcomm processors, is seeking a reversal of the Commerce Department's ban.
Iran Deal Concerns Push Oil Prices Above $70
“It is mostly a fundamentals-driven market, but the icing on the cake is the worry about Iran."
Four Countries Where Political Risk Is Rising
In its quarterly report on political risk, Aon downgraded the risk ratings of four nations.
ZTE Fined $900M for Iran Sanctions Busting
The Chinese telecom equipment company allegedly shipped about $32 million of sensitive U.S.-made technology to Iran between 2010 and 2016.
Global Oil Market Is Near Balance: IEA
Production outages and a drop in U.S. oil production have been more than offset by the flow of oil from Iran.
Oil Prices May Have Bottomed Out, IEA Says
Prices have risen to more than $40 a barrel in recent days amid a drop in both OPEC and non-OPEC production.
U.S. Export Curbs Deal Blow to China’s ZTE
Commerce said ZTE had planned to use shell companies 'to illicitly reexport controlled items to Iran in violation of U.S. export control laws.'
New Iran Supplies Will Add to Oil Price Pressures
The oil markets could be left with a surplus of 1.5 million barrels a day in the first half of 2016, says the IEA.
Crédit Agricole Fined $787M Over Sanctions Violations
The bank is accused of processing U.S. dollar payments for clients in Iran, Burma, and other sanctioned countries.