Iran is temporarily banning cryptocurrency mining after some of the country’s major cities experienced repeated blackouts. President Hassan Rouhani said that the ban would last until September 22nd. The country has experienced summer blackouts in years past, and while the current round of outages is mostly being blamed on a drought that’s affecting the country’s ability to generate hydroelectric power, it seems that the Iranian government is eager to cut down on any aggravating factors. Power-hungry cryptocurrency mining operations, for instance. According to the BBC, Iran operates a program where Bitcoin miners must register with with the government, pay extra for electricity, and sell their coins to the central bank. President Rouhani stated that the legal mining operations in the countr...
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...
Saudi Arabia, home to Islam’s holiest shrines, announced that the holy fasting month of Ramadan will start on Tuesday, as Muslims worldwide face coronavirus curbs. “Tomorrow, Tuesday… is the beginning of the blessed month of Ramadan this year,” the kingdom’s supreme court said in a royal court statement. Other Muslim countries, including Sunni-majority Egypt and Lebanon, have also announced that Tuesday marks the start of Ramadan, while Shiite-majority countries like Iran are expected to start a day later. The daytime fasting month of Ramadan is one of the five pillars of Islam. Observant Muslims refrain from eating and drinking from dawn to dusk, and traditionally gather with family and friends to break their fast in the evening. It is also a time of prayers, during which Muslims typicall...
Israeli Prime Minister Benjamin Netanyahu and Bahrain’s Crown Prince Sheikh Salman bin Hamad Al Khalifa on Thursday discussed Iran and the possible involvement of the Gulf state in establishing a vaccine plant in Israel, the two countries said. Bahrain and the United Arab Emirates formalised ties with Israel on Sept. 15 in part over shared concerns about Iran, in a deal forged by former U.S. President Donald Trump. Trump withdrew from a 2015 nuclear deal between Tehran and world powers, a move praised by Israel which has objected to the accord. His successor, President Joe Biden, wants to rejoin the deal. But in the week since Washington offered to talk with Tehran about reviving the nuclear deal, Iran has curbed U.N. monitoring and threatened to boost its uranium enrichment. Tehran denies...
Iran’s President Hassan Rouhani warned Saturday of a Covid-19 “fourth wave” as cases rise in certain areas of the Middle Eastern country hardest hit by the pandemic. “This is a warning for all of us,” Rouhani said in televised remarks. He said some cities in the southwestern province of Khuzestan were now “red” — the highest on Iran’s colour-coded risk level — after weeks of low alert levels across the country. “This means the beginning of moving towards the fourth wave. We all have to be vigilant to prevent this,” Rouhani added. The country of more than 80 million people has lost close to 59,000 lives out of more than 1.5 million cases of Covid infection. Iran has officially registered less than 7,000 daily infections since late December, but the number has crossed this level since early ...
Iran’s supreme leader, Ayatollah Ali Khamenei, said Sunday the US must “completely lift” sanctions first, followed by verification by Tehran, before the Islamic republic returns to its nuclear deal commitments. “If they want Iran to return to its commitments … America must completely lift sanctions, and not just in words or on paper,” Khamenei said in a televised speech to air force commanders. “They must be lifted in action, and then we will verify and see if they have been properly lifted, and then return,” he added. The 2015 landmark deal has been hanging by a thread since US President Donald Trump’s decision to withdraw from it in 2018 and reimpose sanctions on Tehran. Tehran a year later suspended its compliance with most key nuclear commitments to the deal. The new administration of ...