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US probes Iranian oil tycoon over suspected sanctions breaches - BBG

Nov 5, 2025, 21:55 GMT+0Updated: 00:00 GMT+0
Hossein Shamkhani, the son of a top adviser to Supreme Leader Ali Khamenei
Hossein Shamkhani, the son of a top adviser to Supreme Leader Ali Khamenei

The US Justice Department is investigating whether a son of Iran’s former security chief breached sanctions while using a global network of banks, Bloomberg reported on Wednesday citing people familiar with the matter.

The probe focuses on billions of dollars in money movements between firms overseen by oil tycoon Hossein Shamkhani, the son of a top adviser to Supreme Leader Ali Khamenei, Bloomberg said.

According to the report, the probe has drawn on information from insiders within Shamkhani’s business network and from Wall Street banks that had relationships with entities linked to him.

The main target of the investigation is Shamkhani, rather than the banks, Bloomberg said.

JPMorgan Chase & Co., ABN Amro Bank NV, Marex Group Plc, Standard Chartered PLC, Emirates NBD PJSC and National Bank of Fujairah PJSC are among the institutions under review, the report said citing several people familiar with the probe.

Bloomberg said spokespeople for the Justice Department, JPMorgan, ABN Amro, Marex and Standard Chartered declined to comment. National Bank of Fujairah said it is “not under investigation by the US Department of Justice,” while Emirates NBD said it has not received any communication from US authorities.

Bloomberg said Shamkhani did not respond to a request for comment the news agency sent to his lawyers.

Bloomberg reported last November that the US Treasury Department was examining JPMorgan’s relationship with a hedge fund said to be overseen by Shamkhani.

According to Bloomberg's latest report, the Justice Department’s probe is broader in scope, aiming to map out the tycoon’s global financial network and pursue potential indictments or arrests of his associates, with cooperation expected from authorities in the United Arab Emirates, a key hub for his operations.

Shamkhani, who operates mainly from Dubai, was sanctioned by the United States in July along with dozens of individuals, companies and vessels linked to his network in what the US Treasury described as its largest Iran-related action in seven years. The UK and European Union also imposed sanctions in recent months.

US officials said Shamkhani used his father’s political influence to build a fleet of tankers and container ships that transported Iranian and Russian oil worldwide through shell companies. The Treasury said he used aliases including “H,” “Hector” and “Hugo Hayek” to conceal his dealings.

Following the sanctions, Dominica revoked Shamkhani’s passport issued under the Hayek pseudonym, and Panama de-flagged several vessels tied to his firms.

Bloomberg's report said some of Shamkhani's companies have since shifted operations to Oman.

Another Bloomberg investigation last year found that Shamkhani’s network had become a key channel for Iranian and Russian oil exports and had established a hedge fund with offices in London, Dubai and Geneva to manage proceeds from the trade.

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Survey finds Iranians believe Israel won June war, support US talks

Nov 5, 2025, 21:35 GMT+0

A survey conducted by a Netherlands-based polling institute found that most Iranian respondents believe Israel bested the Islamic Republic in a June war and support direct talks between Washington and Tehran.

The Group for Analyzing and Measuring Attitudes in Iran (GAMAAN) conducted the survey in September for the report "Iranians’ Attitudes Toward the 12-Day War" published on Wednesday.

It said it had carried out a "balanced statistical sample" of just over literate Iranian residents inside the country, adding the effort reflects the opinions of people aged 15 and older and reflect the views of the target population with a 95% credibility level.

GAMAAN director Ammar Maleki is an assistant professor of comparative politics at Tilburg University in the Netherlands and the national representative of Iran for the World Association of Public Opinion Research.

Direct talks

51% of respondents believed that Israel "was successful and achieved its objectives" in the conflict, while just 16% thought Tehran had been more successful and 19% said neither side had achieved its goals.

About 62% agreed Iran should negotiate directly with the United States to resolve its disputes," while 22% opposed direct talks.

Opinions on the missile program were polarized: 46% believed "Iran’s missile program has increased the country’s security," while 43% disagreed.

On uranium enrichment, 47% agreed that "to prevent another war, Iran should stop enriching uranium," while 36% disagreed.

When asked about the likelihood of a similar war occurring in the future, 34% rated the chance as "very likely" and 26% as "somewhat likely"; in contrast, 14% saw it as "unlikely" and 8% as "very unlikely."

Postwar crackdown

The UN Special Rapporteur on human rights in Iran Mai Sato said last week that Israel likely violated international law in its military campaign in June and that Tehran had expanded domestic repression after the conflict with hundreds of executions and new curbs on dissent.

Sato urged Iran to repeal laws criminalizing peaceful expression, end the use of torture and forced confessions, and investigate deaths in custody and border killings.

Hundreds of military personnel and civilians were killed in the Israeli airstrikes while Iranian counterattacks killed 32 Israeli civilians and an off-duty soldier.

In this survey conducted after the 12-Day War, the proportion of respondents favoring the overthrow of the Islamic Republic increased by 6% compared to last year, while the share favoring "structural transformation and transition" declined by 3%.

Pursue peace

A majority (69%) believed "Iran should stop calling for the destruction of Israel," while 20% opposed this idea.

Accountability emerges in GAMAAN survey, as 45% point fingers at the government for igniting the deadly spark through provocative policies.

Regarding favorability of countries, the United States received the most positive ratings (53%) and the least negative (37%) among Iranians; Israel ranked second with 39% positive and 48% negative views.

Iran has built missile power beyond pre-war levels, foreign minister says

Nov 5, 2025, 20:14 GMT+0

Iran's Foreign Minister Abbas Araghchi said on Wednesday that Tehran's current missile power exceeds levels before a 12-day war with Israel in June and that its arch-foe was defeated in the conflict.

"Our missile power today far surpasses that of the 12-day war," Araghchi said in the Western city of Hamedan on Wednesday according to official media. "The enemy in the recent 12-day war failed to achieve all its objectives and was defeated."

The United States held five rounds of negotiations with Tehran over its disputed nuclear program earlier this year, for which President Donald Trump set a 60-day ultimatum.

When no agreement was reached by the 61st day Israel launched a surprise military offensive on June 13, followed by US strikes on June 22 targeting key nuclear facilities in Isfahan, Natanz and Fordow.

"In this war, the skies over the Zionist regime were under Islamic Republic control, and no defensive layer could stop our missiles," Araghchi said.

A ceasefire ended the 12-day conflict, but inspections of damaged sites remain suspended under Iranian law.

Hundreds of military personnel and civilians were killed in the Israeli airstrikes. Tehran responded with over 500 ballistic missiles and 1,100 drones, inflicting heavy casualties and widespread destruction, killing 32 Israeli civilians and one off-duty soldier.

On Sunday, Araghchi accused Israel of misleading Washington with what he called a fabricated nuclear threat and urged President Donald Trump to change course.

He said Israel and the US attacked Iranian nuclear sites under "false pretenses" and cited comments from the UN atomic watchdog and Oman's foreign minister confirming that Iran was not developing nuclear weapons.

Iran's Supreme Leader Ali Khamenei on Monday ruled out any cooperation with the United States, saying every US president had demanded “Iran’s surrender” but failed.

Iran denies seeking nuclear arms and says its program is peaceful.

British activist Tommy Robinson pledges to burn Khamenei's image

Nov 5, 2025, 18:10 GMT+0

British activist Tommy Robinson vowed to burn an image of Iran's Supreme Leader as anti-government activists plan to perform the protest on Friday in solidarity with a man found dead in Iran after filming himself doing so.

Robinson appeared on the YouTube channel Tousi TV on Tuesday, where host Iranian-American host Mahyar Tousi relayed a request from an audience member for the outspoken activist to take part in the symbolic act against Ali Khamenei.

"Print a big picture of the scumbag, and I will happily burn it," said Robinson, 42, an anti-migration activist whose legal name is Stephen Yaxley-Lennon.

Iranians on social media have launched a campaign to burn Khamenei's image after Omid Sarlak was found dead in a car in the city of Aligoudarz in western Iran on Sunday.

His death came shortly after posting a video of himself burning a picture of the 86-year-old theocrat with a speech by Iran's last shah playing in the background.

Local police described it as a suicide, but family members and rights activists blamed authorities. The United States on Wednesday called the death "suspicious" and suggested Tehran was responsible.

His death came as senior Iranian clerics renewed calls for severe punishment of those who insult or threaten the Supreme Leader, which is a crime in the Islamic theocracy.

One prominent official said such acts amount to "waging war against God" and warrant the death penalty.

Robinson was cleared by a UK court on Tuesday on charges relating to his refusal to provide the PIN for his mobile phone to investigators, which is an offence under counterterrorism laws.

He thanked Elon Musk, the world's richest man and in recent years a strong advocate of right-wing commentators, saying the owner of the X social media platform paid his legal fees.

Freed Israeli hostage recounts torture by Iran-backed militia in Iraq

Nov 5, 2025, 17:05 GMT+0

Israeli-Russian academic Elizabeth Tsurkov, who was freed by an Iran-backed Iraqi militia in September, told the New York Times she was tortured by her captors in her first media interview.

Tsurkov, a Princeton PhD candidate specializing in Middle East politics had traveled to Iraq using her Russian passport to study Shi'ite political movements.

She was abducted in Baghdad in March 2023, by the Iran-backed Shi'ite militia Kata'ib Hezbollah a US-designated terrorist organization.

Freed in September after a Trump administration hostage envoy traveled to Iraq in February to negotiate her freedom, she spent 903 days in captivity and now receives physical and psychological treatment in Israel and struggles to sit up due to the pain from her abuse.

Tsurkov told the US daily that she was lured into meeting a work contact who never materialized one evening before being abducted by men who threw her into a car, bound her hands and blindfolded her before taking her to an unknown location.

The militiamen initially abducted her in pursuit of a ransom, Tsurkov believes, but when they discovered from her phone that she was Israeli accused her of spying.

Tsurkov said that during the initial months of detention—and later, as captors pursued forced confessions—she endured the worst torture.

Handcuffed and hung from the ceiling, she suffered beatings, electrocution and sexual assault. “They whipped me all over,” Tsurkov said. “They basically used me as a punching bag.”

'Forced confessions'

Tsurkov shared her critical posts and writings about the Israeli government with the captors, but they were unmoved and demanded she record a confession claiming to be an Israeli and American intelligence agent.

She never fully understood her location but believed it was in a militia base near the Iranian border, as during a 12-day war in June she felt Israeli strikes apparently landing in nearby western Iran.

She told The Times she believes Israel's elimination of senior Lebanese Hezbollah, Hamas and Iranian officials prompted the group to change course.

Tsurkov was cited as saying she decided to share her story to give voice to Iraqis tortured and killed by the Shi'ite militia.

She faces a series of injuries that make sitting up difficult and most of the time must lie down or remain reclined, added the New York Times, which had reviewed her medical records.

A prolific social media analyst, she announced her return to X last month with an animation of rapper Dr. Dre captioned "Guess who's back." Her posts frequently criticize Israeli policy.

In her first description of her captors, she decried Iran and its regional allies as "brutal ignoramuses".

"I am confident that so many of the successes Israel has had vs. the Iranian axis is not due to Israeli genius but due to the stupidity of the men who make up the rank-and-file and commanders of these militias & Iranian regime," Tsurkov wrote on X.

When water becomes a security threat

Nov 5, 2025, 16:08 GMT+0
•
Kambiz Hosseini

It begins with a sound. A hiss, then silence. A man in Tehran holds his phone to a dry faucet at midnight; you can hear the air whistling through the pipes. “It’s 11:40 p.m. and there’s a smell of fire,” he says.

Another caller to The Program, a Persian-language call-in show I host each week, is from a smaller town. He stands beside a trickle of wastewater coursing through the street: “We haven’t had municipal water for five days.”

The voices sound less like news than like prognosis—a country short of breath.

Iran is drying up. Not only its land, but its civic lungs. The skies over Tehran and Mashhad hang gray with smoke; taps sputter, rivers have turned to beds of dust.

Political choice

On the program, my guest was Kaveh Madani, an Iranian water scholar who briefly joined the government in 2017 to help address the crisis and left within months after being accused—without evidence—of espionage.

Madani’s view, refined over two decades of research and public warnings, is as bracing as it is simple: Iran’s environmental catastrophe is not primarily a natural disaster. It is a political choice.

The country has spent beyond its ecological income, mortgaging rivers and aquifers to service short-term promises. When scientists say so, their work is treated as a security risk. “When knowledge becomes ‘security,’ water is no longer security,” Madani said. The result is a landscape—and a society—running on a deficit.

In Iran, the term water bankruptcy describes a national ledger that no longer balances: demand far outstrips supply, aquifers are pumped down, the ground in places is subsiding, and, as Madani notes, land that sinks does not rise again.

The problem did not begin with climate change, even if warming now sharpens it. It began with governance—an edifice of big-build solutions (dams, canals, inter-basin transfers), political patronage and the reflex to appease unrest with engineering. Water is moved from province to province to quiet protests. More concrete is poured.

More rivers are chained. The political horizon, not the hydrological one, dictates the map.

By 2025, Madani’s argument is stark: environmental collapse is now braided with economic free fall and political isolation. You cannot fix the rivers without reforming the state.

Dried up

If that sounds abstract, the callers to the show provide the texture. A man from Sari, on the lush Caspian rim, described forests in retreat and soil racing to the sea.

A resident of Rasht said rivers he fished just three years ago are now lanes for cars. A Tehrani, furious and weary, ticked through familiar grievances—corruption, arbitrary arrests, a ruling class insulated from consequences—and asked whether anyone in power still believed in stewardship.

The only honest first step is to stop making things worse: tell the truth about the books, end prestige projects that burn scarce capital, align prices and incentives with reality and accept that some losses are irreversible.

After that, recovery is measured in years, not news cycles—and only if nature cooperates.

This is where Iran’s story diverges from the American impulse to frame environmental problems as consumer choices, solved by shorter showers and fewer flushes.

Individual virtue matters—especially in a crisis—but austerity at the household level cannot, by itself, balance a national water budget that is upside down by design.

The state sets the price of water and energy; it licenses (or averts its eyes from) illegal wells; it awards contracts that entrench use in the wrong places; it criminalizes data; it treats environmentalists as suspects.

In that world, scolding people for litter while subsidizing waste is a form of political theater.

The nearest analogue may be the Appalachia of extraction: places where policy, patronage and geology created a cycle of dependence and damage—then blamed the people who inhaled the dust.

'Luxury issue'

Iran’s twist is the securitization of science. If measurements are secrets and models are subversion, managers fly blind. You can’t manage what you refuse to count.

There is also a moral geometry to scarcity. For years, environmentalists were caricatured as elites obsessed with lakes and Persian cheetahs while ordinary people struggled with sanctions and inflation.

That framing has collapsed. When taps go dry in Tehran—the political capital and the country’s most privileged city—the environmental crisis stops being a “luxury issue.”

It becomes infrastructure, public health, and, in time, migration. In the program’s stray audio clips, you can hear the new rhythm: not ideology, but symptoms. Coughing. Fatigue. A neighbor’s bucket brigade. Politics is loud; dehydration is quiet.

The obvious question has two answers, and they are in tension.

The first is civic: keep attention on the crisis so politicians cannot look away. That means a culture of care (less waste, more local stewardship) but also a stubborn insistence on transparency: publish data, protect researchers, allow the press to ask hard questions without fear.

The second is structural: accept that environmental recovery is inseparable from economic and diplomatic reform.

Iran can, with humility and time, plan its way out of parts of it.

That will require a different politics: one that treats knowledge as a public good rather than a threat; one that measures success by the quiet arithmetic of aquifers; one that accepts, as a precondition for any national renewal, that nature does not negotiate.

The rain may come this year. It may not. But until knowledge flows freely, Iran’s drought will not be meteorological—it will be moral.