President Donald Trump said the U.S. is considering lifting sanctions against Syria to help give the Syrian people a “fresh start” following last year’s fall of the Bashar Assad regime.
The State Department this week sanctioned multiple entities and ships moving Iranian petroleum products and petrochemical products, including four sellers and one buyer of hundreds of millions of dollars worth of Iranian energy.
Recent U.S. trade actions, such as the IEEPA tariffs on China, Canada and Mexico, the Section 232 tariffs on steel and aluminum derivatives, and the temporarily paused reciprocal tariffs on dozens of countries worldwide, could cause global container volumes to slump by 1% in 2025, according to U.K-based maritime shipping advisory firm Drewry.
The Bureau of Industry and Security said April 24 that it added 18 entities to its Unverified List after it was unable to verify the “legitimacy and reliability” of the parties through end-use checks, including their ability to responsibly receive controlled U.S. exports. It also removed five companies from the list.
The Bureau of Industry and Security said April 24 that it added 18 entities to its Unverified List after it was unable to verify the “legitimacy and reliability” of the parties through end-use checks, including their ability to responsibly receive controlled U.S. exports. It also removed five companies from the list. The added entities are located in China, Finland, Italy, Kazakhstan, Turkey and the U.K., while the removed ones are in China and the United Arab Emirates.
The Office of Foreign Assets Control sanctioned a network of people and companies connected to Sa’id al-Jamal, a sanctioned senior Houthi financial official backed by Iran’s Islamic Revolutionary Guard Corps-Qods Force. OFAC said the network has bought tens of millions of dollars’ worth of commodities from Russia, including weapons and other sensitive goods, for the Houthis in Yemen. The agency also sanctioned eight digital asset wallets used by the Houthis to move money.
World Trade Organization members on April 1 appointed Pakistan's Ali Sarfraz Hussain the new head of the Committee on Agriculture in a special session, the WTO announced. Hussain will lead agriculture talks with the goal of achieving a "meaningful outcome" at the 14th Ministerial Conference, which is set for March 26-29, 2026, the WTO said. Hussain takes over for Turkey's Alparslan Alcarsoy. The new chair will also head the Committee on Agriculture's special session subcommittee on cotton and will meet with "delegations and group coordinators over the coming days." After these meetings, Hussain said he will invite members to an informal special session meeting and dedicated sessions on "public food stockholding and the 'special safeguard mechanism' in the third week of April."
Ray Hunt, an Alabama resident and business owner, was sentenced this week to five years in prison after pleading guilty in July to conspiring to illegally export U.S.-origin goods to Iran, DOJ announced. The agency said Hunt conspired to ship parts used in the oil and gas industry to Iran and submitted false export information to the U.S. government (see 2211300011). He worked around U.S. restrictions by using third-party transshipment companies in Turkey and the United Arab Emirates, routing payments through UAE banks, and lying to shipping companies about how much the exports were worth to stop them from filing export information in the Automated Export System.
The World Trade Organization Dispute Settlement Body agreed during its Feb. 24 meeting to establish a dispute panel on China's request to review Turkey's measures on electric vehicles and other types of vehicles from China. China's first request for a panel was blocked at the Jan. 27 DSB meeting. Following China's renewed effort to seek a dispute panel, Turkey said it's concerned that "China is making such a request before all possible bilateral consultations are exhausted," since the dispute concerns a "major sector that has been facing strong challenges for many years due to uncompetitive practices, subsidization and excess capacity," the WTO said.
The U.K. added 34 people and 33 entries to its Russia sanctions list on Feb. 24, the Office of Financial Sanctions Implementation announced. In addition to listing Russian companies, OFSI sanctioned companies based in Hong Kong, China, Germany, Thailand, India, Ukraine, Turkey, the United Arab Emirates and Kyrgyzstan for contributing to Russia's economy or war effort, along with businesspeople and military figures from Russia, Turkey, Kazakhstan, North Korea and Israel for contributing to the destabilization of Ukraine or operating in a sector of strategic significance to Russia.