Is JP Morgan complicit in illegal Iranian funding?

The US Treasury Department is looking into #JPMorgan Chase's relationship with a hedge fund that is said to be a part of Iranian oil trader Hossein #Shamkhani's network, Bloomberg News reported on Friday. Iranian opposition sources claim that the US Treasury opened an investigation into a company belonging to Hossein Shamkhani, the son of Ali Shamkhani, a senior #Iranian who was formerly the commander of the Iranian Navy, the Minister of Defense and the Secretary of the Supreme Council for National Security.

The twist in the plot is according to the same sources, that the bank suspected of being connected with that company is none other than the American JP MORGAN bank (considered the largest bank in the USA).

[REPORT] Iran’s so-called ‘supreme leader’ seriously ill...
Ayatollah Ali Khamenei's second son is a possible successor.

The 85-year-old supreme leader of Iran, Ayatollah Ali Khamenei, is gravely ill, adding to the uncertainty of an Iranian response to Israel’s weekend attack on their military installations, a report published Saturday in The New York Times said. According to the report, the most powerful political authority in the Islamic Republic is seriously ill, and there is internal turmoil over the possibility that his second son, Mojtaba, 55, might succeed him. The younger Khamenei served in the Iran–Iraq War from 1987 to 1988, and reportedly took control of the militia that was used to suppress the protests surrounding the result of the 2009 elections, which demonstrators said was rigged.

His prospects for the position rose following the death of President Ebrahim Raisi in a helicopter crash earlier this year and replacement by President Masoud Pezeshkian. Khamenei’s father has held the life position for the last 35 years since his appointment in 1989, following the death of the first supreme leader, Ayatollah Ruhollah Khomeini with whom he was closely allied, making him the longest-serving head of state in the Middle East.

CENTCOM: 'We attacked 15 Houthi sites in Yemen'
U.S. Central Command (#CENTCOM) carried out airstrikes targeting #Houthi positions in #Yemen.

This operation was part of a broader effort to counter Houthi attacks on maritime vessels in the Red Sea. The strikes were aimed at neutralizing Houthi military capabilities, particularly in response to their continued aggression against commercial and military ships.
CENTCOM reported that 15 Houthi targets were hit, with the goal of enhancing maritime security and protecting freedom of navigation in the region.

The Houthis had escalated their attacks on international shipping, including recent missile and unmanned vessel strikes on oil tankers in the Red Sea. These actions have posed a significant threat to vessels linked to the U.S., the UK, and other coalition partners.

Oil price to fall to $50 per barrel, reports WSJ citing Riyadh

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has said that #oil prices may fall to $50 per barrel unless a number of OPEC+ nations adhere to agreed output limits, The Wall Street Journal (WSJ) reported citing sources.

This comes amid an online meeting of the #OPEC+ ministerial monitoring committee aimed at estimating the current situation on the oil market, which is taking place now. Its participants intend to discuss the issue of weakening output restrictions in December, according to the publication.
#Riyadh has warned a number of countries, including Iraq, against an increase in oil production, indicating that they should observe their OPEC+ commitments.

The price of futures contracts of Brent crude oil for December delivery rose above $76 per barrel on London's ICE earlier on Wednesday for the first time since September 3, 2024. The price of oil is rising amid an escalation in the Middle East.

American deployment in the Middle East:

Dozens of additional U.S. troops deployed to Cyprus (+700 from the UK) to assist with possible Lebanon evac

7 fewer U.S. warships than 2 weeks ago (from ~30% to 25% of the deployed fleet)

Navy’s only oiler in the region ran aground & towed to Oman

In August, the U.S. surged military assets into the region to deter Iran from attacking Israel. At its peak, this represented approximately 30% of the deployed U.S. Navy fleet. With the departure of the Roosevelt CSG, plus a few destroyers & logistics ships, it’s now around 25%.

Hungary and Slovakia consider cutting electricity supply to Ukraine if Kyiv continues blocking Russian oil supplies | #Hungary and #Slovakia could be headed to a major "soft war" against Ukraine involving energy | August 2, 2024:

"Roughly 40 percent of Ukraine’s electricity imports pass through the Ukrainian-Hungarian border, which means Hungary is not entirely powerless in the face of a Ukrainian blockade on oil supplies. In fact, Hungary may be forced to cut electricity to its neighbor if push comes to shove.

Olivér Hortay, head of Századvég’s climate and energy policy department, noted that Ukraine’s biggest energy problem is the electricity system. Since the start of the war, the country has lost three-quarters of its own electricity generation capacity, leading to Ukrainians having to deal with prolonged blackouts and cuts to production due to a lack of electricity. To deal with Ukraine’s faltering electricity network, the country has been importing energy from neighboring countries."

CENTCOM attack on Yemen
The launcher was on Yemeni soil and was ready for use. The US military announced that it had destroyed a Houthi missile and a launcher.

UK’s Labor gov’t to allow Ukraine to use British-supplied weapons for strikes on Russia

The #British #Labor government will continue pursuing the line of the previous Conservative Cabinet and will allow the #Ukrainian military to use UK-supplied weapons to strike targets on Russian soil, the Financial Times reported on Wednesday citing PM Keir Starmer.

According to the Financial Times, recently-elected British Premier Starmer, who leads the country’s Labor Party, made it clear that arms donated by Britain must be "used in accordance with international humanitarian law" and for "defensive purposes." However, #Starmer added that: "It is for Ukraine to decide how to deploy it for those defensive purposes."

France seeks help from allies to bolster security during Paris Olympics

#France has asked its foreign allies to send several thousand members of their security forces to help guard the Paris #Olympics, officials said Thursday, underlining the strains caused by the sporting extravaganza which begins in July.

"Several foreign nations are going to reinforce us in certain critical areas, such as dog-handling capabilities where the needs are enormous," an official at the defence ministry told AFP on condition of anonymity.

The official did not say how many foreign soldiers would be on French soil, but Polish Defence Minister Wladyslaw Kosiniak-Kamysz confirmed his country was joining "an international coalition established by France" for the Olympics.

#Cables and #Pipelines.
It includes both Gas and Oil Pipelines