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The United States Department of the Treasury announced the imposition of sanctions on 10 individuals and companies, some based in China and Hong Kong, accusing them of helping the Iranian military obtain weapons and raw materials used in the production of Shahed drone drones.In a statement, the Treasury Department said it remains prepared to take economic measures against Iran’s military-industrial base to prevent Tehran from rebuilding its production capabilities. It added that it is also ready to act against any foreign company that supports illegal Iranian trade, including airlines, and could impose secondary sanctions on foreign financial institutions assisting Tehran’s efforts, including those linked to private Chinese oil refineries.
German Chancellor Friedrich Merz affirmed that Germany has a fundamental interest in achieving peace in the Middle East, particularly in light of the economic repercussions of the crisis. In a statement outlining Germany's position on the Middle East crisis, Merz said that the Strait of Hormuz remained a vital maritime route for oil and liquefied natural gas exports, and that its closure by Iran represents one of the central points of conflict and a major obstacle to reaching a diplomatic solution. He stressed that the blockade of the strait was already harming the German economy and that Berlin was making efforts to restore freedom of navigation as quickly as possible. Merz added that, if the appropriate conditions are met, Germany would be prepared to participate militarily in ensuring the long-term security of maritime routes. He noted that a German naval vessel has already headed to the eastern Mediterranean for pre-positioning in preparation for any potential mission to secure navigation. He also said that any German participation in an operation to secure the Strait of Hormuz would require three conditions: the end of the war, a legal basis and authorization from the German parliament, and the existence of a comprehensive and sustainable political and military framework. He warned of the dangers posed by Iran targeting Germany’s regional partners and of Iran obtaining any nuclear weapons. Merz emphasized that Iran's military nuclear program must be permanently and definitively halted, arguing that Tehran's negotiating strategy is aimed at buying time and holding the world hostage through the disruption of maritime navigation.
UN Secretary-General Antonio Guterres called today for restraint to avoid further escalation in the Strait of Hormuz, expressing concern over the exchange of fire between Iran and the United States in the strait.During a press conference, the spokesperson for the Secretary-General of the United NationsStephane Dujarric said that the Secretary-General considers this a critical moment for de-escalation and urged all parties to exercise maximum restraint to prevent further escalation.Dujarric added that Guterres called on all sides to refrain from any action that could reignite tensions or undermine ongoing diplomatic efforts. The United States and Iran exchanged limited fire yesterday, Friday, in the Strait of Hormuz before a fragile calm returned between the two sides.
Leaders of the Association of Southeast Asian Nations (ASEAN) today adopted an emergency plan aimed at mitigating the impact of the war in the Middle East on their populations and economies, while acknowledging that implementing complex measures such as establishing a regional fuel reserve to ensure stable supplies would be difficult.During the opening of the annual ASEAN leaders' summit in Cebu, President of the Phillippines Ferdinand Marcos Jr. said that the highly volatile situation in the Middle East would affect the Asian region, making it necessary to remain flexible in confronting uncertainty that threatens livelihoods, living standards, and lives.He noted that ASEAN's emergency plan calls for measures including ratifying an agreement paving the way for coordinated fuel-sharing during emergencies, planning for a regional electricity grid and a shared fuel reserve, diversifying crude oil sources in the region, encouraging the use of electric vehicles, and studying the potential use of new technologies, including nuclear energy for civilian purposes.Marcos stressed that emergency measures would be implemented immediately, but said that establishing a regional fuel reserve and a unified power grid would be complicated and could take a long time. He questioned whether the fuel reserve would be located in one place or distributed across ASEAN countries.He also pointed out that the idea of creating a regional electricity network allowing countries to exchange power had been discussed for years, but had so far only been implemented on a relatively limited scale, while emphasizing that leaders had not abandoned the project.The 11 ASEAN member states rely heavily on oil imports from the Middle East, with more than 55% of the region’s crude oil imports coming from the area. This leaves them vulnerable to supply disruptions, especially as the continued closure of the Strait of Hormuz severely affects energy security in Southeast Asia.