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UK minister says new state-threat bill could pave way for IRGC designation

Jun 11, 2026, 12:45 GMT+1
A general view of The Houses of Parliament in London
A general view of The Houses of Parliament in London

A UK minister said new state-threat legislation could give the Home Secretary power to act against hostile state-backed threats, as lawmakers pressed the government over the IRGC, Iran-linked proxy groups and threats to UK-based journalists and Jewish communities.

Home Office minister David Hanson, said the government wanted the bill passed so the Home Secretary could make judgments on state threats and take action that, if approved by both Houses of Parliament, could lead to sentences of up to 14 years for those convicted.

“We are trying to put in place a framework for legislation where we can act on any potential state threat,” Hanson told the House of Lords.

He added: “The Government condemns antisemitism and is very much aware of the Iranian state threat.”

Lord Henry Bellingham welcomed the legislation and said “the use of these proxies, behind which obviously countries like Iran are hiding, are doing untold harm.”

He said the issue was “not just the IRGC,” pointing also to the Iran-linked Harakat Ashab al-Yamin al-Islamiya, which he said had claimed responsibility for recent antisemitic attacks.

Hanson said any future designation would be for the Home Secretary to assess once the bill becomes law, adding: “We take the threats from Iran extremely seriously and we will continue to monitor that.”

Lord John Cryer said the bill was welcome but overdue, citing the case involving an attack on Iran International journalist Pouria Zeraati and saying IRGC proxies and agents had targeted British Jews and Jewish institutions.

Lord Stuart Polak urged ministers to look beyond the IRGC itself and examine “what’s going on in the charity world here,” saying money was being raised in Britain, including British taxpayers’ money, “towards helping the IRGC.”

Hanson said Britain had already sanctioned more than 550 Iranian individuals and organizations, including the IRGC in its entirety, and had placed Iran under the Foreign Influence Registration Scheme.

“What this power will do will give the Secretary of State, if passed by both Houses, an additional power to take action against any state threat the Secretary of State deems to be a threat to the United Kingdom,” he said.

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War damage adds new strain to Iran’s blackout-prone power grid

Jun 11, 2026, 11:35 GMT+1
War damage adds new strain to Iran’s blackout-prone power grid
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A pharmacy in Tehran operating under gas-powered lighting during a power blackout

Iran’s parliament research arm warned the country’s power grid could face a 13,640-megawatt summer peak deficit, about 17% of projected demand and roughly a third of the country’s average 2024 electricity load, as war damage deepens chronic power shortages.

The Parliamentary Research Center said in a report on summer electricity supply that the gap between supply and demand at peak consumption is projected to reach 13,640 megawatts under a realistic scenario.

The scale is large even by Iran’s recent blackout standards. The report projects maximum simultaneous supply at about 68,420 megawatts, while peak network demand is expected to exceed 81,000 megawatts. That means the shortfall would amount to nearly one-fifth of available supply at the moment of greatest pressure.

Iran’s electricity consumption has grown steadily for decades, reaching about 347 terawatt-hours in 2024. Its summer peak demand reached around 80,000 megawatts that year, according to official data presented by Iran’s grid management company, showing how close this year’s projected demand is to the country’s recent record levels.

The figures also show why headline power-plant capacity can be misleading. Iranian officials have said installed generation capacity has crossed 100,000 megawatts, but the parliamentary report’s estimate of usable simultaneous supply is far lower, reflecting fuel limits, plant outages, grid constraints and war-related damage.

War damage reshapes electricity balance

The report said the recent war changed both sides of Iran’s electricity balance. Self-supplied power plants taken offline by the conflict removed 4,800 megawatts from supply and disrupted production chains at major industries. At the same time, lower activity in petrochemical and steel sectors reduced part of industrial demand.

That temporary reduction may ease pressure during parts of the summer, but it also points to a fragile balance: if industrial activity recovers, demand for both electricity and gas could rise again.

The report warned that damage to energy infrastructure had reduced gas production capacity to around 600 million cubic meters per day, raising concerns beyond the summer and into the winter, when gas shortages often force power plants, factories and households to compete for supply.

  • Rampant electricity outages take toll on frustrated Iranians

    Rampant electricity outages take toll on frustrated Iranians

Reduced demand from the petrochemical and steel sectors is expected to keep summer gas consumption between 590 million and 600 million cubic meters a day, easing immediate pressure on power plants.

But the report cautioned that any recovery in industrial output could again strain gas supplies available for electricity generation.

The assessment also warned of a growing evening problem. Solar generation is concentrated during daylight hours, while Iran’s demand often rises again at night as households use cooling systems.

Consumption control seen as key solution

Without stronger demand management, the report said, the country could face larger nighttime shortages than in previous years.

Iran has long faced recurring power cuts, especially in summer, when air conditioning, water demand and industrial consumption push the grid toward its limits.

Sanctions, aging infrastructure, heavy subsidies, underinvestment and management failures have left the system with little margin when temperatures rise.

The report argued that demand control may be more effective than relying only on new power plants.

It estimated that around 60% of summer hours would see electricity shortfalls below 6,000 megawatts, while about 82% of shortage hours would remain below 10,000 megawatts. That means much of the deficit could be reduced through better operation of existing facilities, higher utilization rates and targeted cuts in peak demand.

The center said eliminating most of the imbalance through new generation alone would require roughly 8,000 megawatts of additional capacity.

Instead, it recommended broader demand-side measures, including efficiency improvements, demand response programs, shifting consumption patterns and load-adjustment contracts.

Tehran pushes back on reported US plan for frozen assets

Jun 10, 2026, 03:51 GMT+1
•
Maryam Sinaiee
Tehran pushes back on reported US plan for frozen assets
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Central Bank of Iran

Reports that Washington is considering using frozen Iranian assets to compensate Persian Gulf allies for damage allegedly caused by Iran have triggered a backlash in Tehran, where access to the funds remains a central demand in negotiations with the United States.

Reuters reported on Saturday, citing a source familiar with the matter, that Washington is considering making frozen Iranian assets available to Persian Gulf partners to help cover future damage allegedly caused by Iran.

The report said the US Treasury is also examining whether the funds could be used to compensate for past losses and has begun assessing costs incurred by Gulf allies. The report has not been confirmed by the Treasury Department.

The sums involved could be substantial. Estimates of frozen Iranian assets vary, but they are widely believed to amount to tens of billions of dollars held abroad, including in countries such as South Korea and Iraq.

President Donald Trump, however, told NBC on Sunday that he would not unfreeze Iranian assets or lift sanctions before a peace agreement is reached.

Al Arabiya reported last week that negotiations over frozen Iranian assets had made progress, though significant differences remained over the mechanism and timing of their release.

'Ridiculous, unacecptable'

Iranian officials reacted sharply to the Reuters report despite the absence of any formal US announcement.

Kazem Gharibabadi, Iran's deputy foreign minister for legal and international affairs, described the reported proposal as a "new act of insolence" in a post on X.

"Iran's assets are not Washington's war booty or a fund for paying its allies," he wrote.

He said any seizure, transfer or allocation of Iranian assets without Tehran's consent would constitute an internationally wrongful act and warned that Iran would respond proportionately.

Gharibabadi also argued that regional governments that allowed their territory and facilities to be used against Iran were themselves complicit and should compensate Iran for damages it has suffered.

Esmail Kowsari, a member of parliament's National Security and Foreign Policy Committee, also rejected the reported proposal.

"The idea is fundamentally ridiculous and unacceptable," he told the conservative website Tabnak. "The United States itself is the main cause of insecurity, tensions and damage in the region and cannot decide the fate of other countries by confiscating the assets of the Iranian nation."

"If compensation is to be paid," he added, "it is the United States that must answer for the heavy human and material losses inflicted on the Iranian people."

'Creditor turned debtor'

The Reuters report received extensive coverage in Iranian media, much of it focused on Tehran's insistence that any release of assets must be genuine, verifiable and free from political conditions.

The IRGC-affiliated Fars News Agency suggested the proposal could be linked to rebuilding US military facilities damaged in Iranian missile and drone attacks during the conflict.

"Iran has repeatedly stated that in its attacks it targeted only American bases and interests in Arab countries," the outlet wrote. "Therefore, it is not unlikely that the Treasury Department intends to use Iran's frozen assets to rebuild US bases that suffered billions of dollars in damage from Iranian missile and drone attacks."

Hardline website Raja News, which opposes negotiations with Washington, used the report to criticize Parliament Speaker Mohammad-Bagher Ghalibaf and supporters of diplomacy with the United States.

"The Iranian people have the right to ask: what kind of 'successful negotiations' were these?" the outlet wrote. "Not only was there no compensation, but the creditor was turned into the debtor, and the country's assets, instead of being released, now stand on the verge of being auctioned off and looted."

The Russian precedent

The debate has prompted comparisons with Western handling of frozen Russian assets following Moscow's 2022 invasion of Ukraine.

While Western governments have used profits generated by frozen Russian sovereign assets to support Ukraine and back international loan packages, they have largely avoided confiscating the underlying assets themselves.

The distinction has become a reference point in legal and political debates over the treatment of other countries' blocked funds, including those belonging to Iran.

Reactions online

Online reactions reflected widespread anger among many Iranian users, underscoring the political sensitivity of frozen assets.

One commenter on the Tabnak website wrote: "The Arabs should compensate Iran for the fighter jets and missiles launched from their territories, not the other way around."

For many Iranians following the negotiations, the prospect that frozen assets could be used to compensate other countries touches a particularly sensitive nerve: money that Tehran sees as its own may ultimately become another battlefield in its dispute with Washington.

Inside the Iranian missile base hit by Israel near Najafabad

Jun 8, 2026, 20:30 GMT+1
Inside the Iranian missile base hit by Israel near Najafabad
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Videos showing explosions, smoke and possible missile impacts in areas near Najafabad in central Iran appear to point to Israeli attacks on the Ahmad Kazemi complex, one of the Revolutionary Guard's most important missile bases.

Citizens who sent the videos to Iran International described the locations as the mountains near Najafabad or areas around Vilashahr, Khomeini-Shahr and Homayoun-Shahr.

The Ahmad Kazemi facility is located in that same area, five kilometers west of Khomeini-Shahr, 1.5 kilometers north of Vilashahr and seven kilometers northeast of Najafabad.

Officially named after Ahmad Kazemi, a late commander of the IRGC Air Force, the roughly two-square-kilometer complex is used for the production, assembly and storage of the IRGC’s strategic missiles.

Iranian state media usually describe such sites as “missile cities.”

A cluster of 12 tunnel entrances can be seen at the complex in aerial images.

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The site’s storage capacity has reportedly been estimated at up to 2,000 missiles, though that refers to its overall capacity. After two wars, it is unclear how many missiles actually remain there.

Prepared berms for deploying launchers and missile transport frames are visible across the complex.

A comparison of images from before the 12-day war in July 2024 and after it in December 2025 shows that large parts of the base were destroyed during that conflict.

(To compare the images below, move the slider from right to left or vice versa.)

AfterAfter
BeforeBefore
Drag the handle left or right to compare

During the clashes on Sunday night and Monday morning, June 8, there were reports both of missile launches from the area and of explosions at the site following Israeli attacks.

The Nuclear Threat Initiative (NTI) has described the complex as Iran’s largest missile assembly and production facility.

The Ahmad Kazemi complex was built in the late 1980s with assistance from North Korea and China. Solid and liquid fuels, missile components, Shahab missiles and Chinese-made Silkworm and M-class missiles are assembled and produced there.

During both the 12-day war in 2025 and the 2026 war, known as the 40-day war, powerful explosions were repeatedly reported in the area.

Aerial imagery partly revealed the extent of the damage after the 12-day war.

(To compare the images below, move the slider from right to left or vice versa.)

AfterAfter
BeforeBefore
Drag the handle left or right to compare

During the 2026 war, multiple reports were published about attacks on the base, including on March 13, 2026, and March 27, 2026.

What Israel hit at Iran's Karoon Petrochemical and why it matters

Jun 8, 2026, 11:50 GMT+1
What Israel hit at Iran's Karoon Petrochemical and why it matters
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A view of the Karun petrochemical plant in southern Iran at night

A strike on the Karoon Petrochemical complex in southwestern Iran on Monday put the spotlight on a key industrial facility with roles in both civilian production and sectors tied by Israel and Western governments to Iran's military capabilities.

Officials in Khuzestan province said the facility was hit during Israeli attacks, with reports indicating damage to chlorine-related units and storage facilities. Any prolonged disruption could affect both domestic supply chains and exports from one of Iran's most important petrochemical hubs.

Karoon is located in Mahshahr, home to a concentration of petrochemical facilities that form a major pillar of Iran's non-oil economy.

Links to the IRGC

Karoon is owned by Persian Gulf Petrochemical Industries Company (PGPIC), Iran's largest petrochemical holding group.

The United States sanctioned PGPIC and dozens of affiliated companies in 2019, saying the group generated billions of dollars that helped finance the Islamic Revolutionary Guards Corps and its construction arm, Khatam al-Anbiya.

According to the US Treasury, PGPIC subsidiaries worked with Khatam al-Anbiya through engineering, construction and financing contracts worth hundreds of millions of dollars. Washington said revenue from the petrochemical sector provided an important source of funding for the IRGC's military activities.

The Guards have long maintained a significant presence in Iran's energy and industrial sectors through a network of companies, contractors and affiliated organizations that oversee major infrastructure projects and benefit from export revenues.

Role in missile-related industries

Petrochemical facilities are primarily civilian enterprises, but some of their products can have military applications.

Chemical compounds produced in Mahshahr and other petrochemical centers such as Assaluyeh can be used as precursor materials in the production of propellants and other components associated with missile programs.

During previous operations targeting industrial facilities in the Mahshahr area, Israel said sites in the region were involved in producing materials used by Iran's missile program.

Israeli military officials said on Monday that one of their objectives was to destroy infrastructure used to manufacture raw materials essential for ballistic missile production.

The dual-use nature of petrochemical production means facilities can simultaneously support civilian industries while supplying materials that may have military applications.

Critical supplier for domestic industry

Despite scrutiny over military links, Karoon remains one of the most important suppliers to Iran's civilian manufacturing sector.

The company is the region's only producer of isocyanates, advanced chemical compounds used in the production of polyurethane materials.

These products serve as the foundation for a wide range of industrial and consumer goods, including insulation, adhesives, coatings, automotive components, footwear, furniture and household appliances.

Karoon receives feedstock such as benzene and toluene from neighboring petrochemical plants and combines them with chlorine, carbon monoxide and hydrogen to produce isocyanates and related products.

The facility's strategic importance increased after the implementation of the HYCO (Hydrogen and Carbon Monoxide) project, which enabled domestic production of carbon monoxide and hydrogen and reduced dependence on imported supplies.

Impact on supply chains and exports

Industry experts say damage to chlorine production units could have consequences beyond the immediate facility.

Chlorine is essential for the production of phosgene, a key intermediate chemical used in manufacturing isocyanates. Any interruption to chlorine supplies can halt downstream production, affecting multiple industries dependent on polyurethane products.

  • Strikes on petrochemical hubs leave Iran short of plastics

    Strikes on petrochemical hubs leave Iran short of plastics

The effects could extend throughout the Mahshahr industrial zone, disrupting manufacturers that rely on Karoon's output.

Karoon also serves export markets. The company ships products including aniline to India and sells other chemical products to customers in Turkey, Russia and neighboring countries.

Those exports have helped Iran maintain a regional presence in specialty chemical markets while generating valuable foreign currency earnings.

A strategic target

The strike illustrates how Iran's petrochemical sector occupies a position at the intersection of economic and security concerns.

For Tehran, facilities such as Karoon support industrial self-sufficiency, exports and employment. For Israel and Western governments, parts of the sector are viewed as supporting broader military and missile-related capabilities through financial links to the IRGC and the production of dual-use materials.

As a result, major petrochemical complexes have become increasingly significant targets in a confrontation that extends well beyond the battlefield and into the infrastructure underpinning Iran's economy and defense industries.

From banks to blockchains: US opens new front in Iran sanctions

Jun 7, 2026, 19:48 GMT+1
•
Umud Shokri
From banks to blockchains: US opens new front in Iran sanctions
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Representations of cryptocurrency Binance are seen in front of displayed Nobitex logo in this illustration taken November 3, 2022.

The Trump administration's sanctions on Iran's largest cryptocurrency exchange mark an escalation in Washington's effort to disrupt the financial infrastructure Tehran uses to operate outside the formal banking system.

The US Treasury designated Nobitex alongside Wallex, Bitpin and Ramzinex and sanctioned senior figures connected to Nobitex, including chairman, co-founder and former chief executive Amir Hossein Rad.

According to the Treasury, Nobitex processed more than half of all Iranian digital asset inflows in 2025. Washington also accused it of facilitating transactions linked to the Islamic Revolutionary Guard Corps (IRGC), sanctions evasion, ransomware activity and the Central Bank of Iran's access to hundreds of millions of dollars in stablecoins.

The sanctions therefore struck at part of the infrastructure that has allowed Iranian individuals, companies and state-linked actors to access international digital asset markets despite years of financial restrictions.

Crypto vs sanctions

Iran's interest in cryptocurrency is not difficult to explain. Sanctions have sharply limited access to international banking networks, dollar transactions, trade finance and oil revenues. Digital assets do not eliminate these constraints but can provide alternative channels for moving value across borders.

Cryptocurrencies and stablecoins can help facilitate transactions, preserve value and maintain access to foreign markets. Stablecoins are particularly attractive because they reduce exposure to price volatility while still operating outside traditional correspondent banking networks.

Crypto mining has also become part of Iran's sanctions-evasion toolkit. By using subsidized electricity to mine Bitcoin, Iran can effectively convert domestic energy resources into a globally transferable digital asset.

The strategy comes with costs. Mining places additional strain on Iran's electricity grid and has been linked to power shortages and public frustration. Yet for a sanctioned economy, the logic remains compelling: when access to conventional finance is restricted, any mechanism capable of transforming local resources into internationally usable value becomes strategically important.

Hormuz and crypto

Cryptocurrency has also emerged in discussions surrounding the Strait of Hormuz, one of the world's most important energy chokepoints.

Chainalysis reported recently that Iran intended to demand cryptocurrency payments from oil tankers seeking safe passage through the strait during periods of heightened tension. Whether such plans were fully implemented is less important than what they reveal about the potential role of digital assets in future geopolitical confrontations.

For Tehran, cryptocurrency offers several advantages in such scenarios. Payments can move rapidly across borders, avoid some traditional banking restrictions and reduce exposure to frozen accounts or conventional financial controls.

The prospect of crypto-based payments linked to maritime security demonstrates how digital assets could potentially be used not only to move money quietly but also to generate revenue during periods of geopolitical crisis.

The US Treasury has warned of sanctions risks associated with Iranian demands for transit-related payments through the Strait of Hormuz, including payments made through digital assets, fiat currency, offsets, swaps or other arrangements.

Blockchain evasion limits

Despite its advantages, cryptocurrency is not a magic shield against sanctions.

Blockchain transactions often leave traces that can be analyzed by firms such as Chainalysis and Elliptic or by government financial-intelligence agencies.

Once the United States designates a platform such as Nobitex, international exchanges, liquidity providers and counterparties face increased risks if they continue interacting with Iranian-linked wallets. This pushes activity toward smaller, less liquid and often riskier channels.

The sanctions also highlight another vulnerability. Treasury officials noted that Nobitex suffered a major hack in June 2025, underscoring the risks associated with relying on digital financial infrastructure.

Another area of interest is the role of the IRGC, which under Iran's previous budget law was tasked with exporting roughly 700,000 barrels of crude oil per day—about half of the country's exports at the time. The organization is also one of Iran's largest infrastructure contractors.

While available data do not reveal where imported services originated or who ultimately benefited from them, the overlap illustrates the growing importance of non-traditional financial channels within Iran's sanctioned economy.

Iran is likely to adapt. Activity may shift toward peer-to-peer trading, decentralized platforms, foreign intermediaries, stablecoin networks or new domestic exchanges. Yet each alternative carries costs, whether through reduced liquidity, greater compliance risks or increased exposure to future sanctions.

For Washington, the challenge is sustained enforcement. Sanctioning Nobitex will matter most if it is accompanied by international cooperation, improved blockchain intelligence, pressure on foreign exchanges and clear guidance for shipping firms, insurers and commodity traders.

The United States does not need to stop every Iranian crypto transaction to have an effect. It only needs to make the system more expensive, more traceable, riskier and less attractive for counterparties.

The Nobitex case illustrates how financial warfare has moved from banks to blockchains. Digital assets have given Tehran greater flexibility under sanctions, but they have also created new vulnerabilities.

The more Iran relies on crypto infrastructure, the more that infrastructure becomes part of the sanctions battlefield.