Binance faces US criminal probe over Iran sanctions violations | What we know
US prosecutors are investigating Binance over possible Iran sanctions violations and whether the crypto exchange knowingly allowed prohibited trading. The probe adds to the company’s history of US regulatory scrutiny following its 2023 guilty plea.
On the eve of the implementation of intensified U.S. sanctions, scheduled for midnight, Tehran-based media outlets have reported that flights from Iran to the capitals of Iraq and Oman are set to be discontinued. According to a civil aviation spokesman quoted by the Tasnim news agency, Baghdad and Muscat airports will no longer accommodate Iranian aircraft.
Other international routes, such as those to Istanbul, will continue to operate without issue, with no reported complications. Iran's aviation authorities are reportedly in discussions to reroute flights from Baghdad to Najaf, a popular pilgrimage site for Iranians. Meanwhile, Oman is also engaged in negotiations to accommodate these changes.
In Iraq, the government has not yet confirmed its plans to enforce the ban, but a high-ranking official has indicated compliance. In late April, the U.S. had added the Iranian aviation industry to its list of sanctioned entities, warning that any firm collaborating with Iran's airlines would face sanctions. Treasury Secretary Scott Bessent had stated on Monday that Iranian airlines would be adversely affected by these measures.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- First Iran flights cancelled as US sanctions set to come into force koreatimes.co.kr
