New York Times: The U.S. military said it had struck three Iranian oil tankers on Saturday, in response to attempts by Iran to attack two U.S. warships. The Islamic Revolutionary Guards Corps claimed responsibility for those attacks on a U.S. aircraft carrier and destroyer, saying it had fired ballistic missiles at them for “harassing Iranian ships.”…
How Billions in Iranian Money Passes Through U.S. Banks
Billions of dollars of Iranian funds are flowing through clearing accounts at American banks each year, Western officials and researchers say, despite sanctions that prohibit anyone subject to U.S. law from taking part in almost all financial activity linked to Tehran.
Iran accesses the accounts through foreign partners that maintain relationships with U.S. banks, part of a more than century-old system called correspondent banking that helps tie the global financial system together, while also providing Tehran with plenty of ways to secretly infiltrate it…