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Monday, 24 August 2026 Reading Room

World

Cargo ship sinks off India, 22 crew members missing

A Panama-flagged cargo ship sank off India’s Odisha coast. Rescue teams are searching for 22 missing crew members. The vessel, named MV Ocean Winner, carried 24 crew members. The crew included 20 Chinese nationals, three Myanmar nationals and one Bangladeshi national. Authorities launched a rescue operation after receiving an emergency signal from the ship on […]

dailytimes.com.pk ·

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The U.S. has launched an operation to economically isolate Iran, saying "China is not exempt." The U.S. Treasury Department said on the 5th that it had imposed sanctions on a Chinese company and two Chinese nationals for doing business with Iran's shipping and oil sectors. The move is part of the Trump administration's efforts to cut off Iran's oil exports and limit the country's access to the global financial system. The Treasury Department said in a statement that the sanctions targeted a Chinese company, Zhuhai Zhenrong, and two Chinese individuals, who were involved in the sale and transport of Iranian petroleum products. The U.S. has been reimposing sanctions on Iran that were lifted under the 2015 nuclear deal, which the Trump administration withdrew from in 2018. The Treasury Department said that the latest sanctions were aimed at disrupting Iran's "illicit" financial networks and preventing the country from using the global financial system to fund its "malignant" activities. The move is also seen as an effort to put pressure on China, Iran's largest trading partner, to reduce its economic ties with Tehran. The U.S. has been critical of China's continued trade with Iran, saying that it undermines the effectiveness of the sanctions. The Treasury Department said that it would continue to work with its international partners to disrupt Iran's financial networks and prevent the country from using the global financial system to fund its activities.

·hani.co.kr

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