The US sanctions several companies, including India-based Gabbaro Ship Services, for allegedly carrying Iranian oil in response to Iran’s October 1 attack on Israel, targeting Iran’s energy trade. The Treasury claims Iran’s oil exports are facilitated by a network of illicit shipping companies, including UAE-based Max Maritime Solutions FZE, involved in ship-to-ship transfers of Iranian oil. Secretary of the Treasury Janet L Yellen emphasizes the sanctions aim to prevent Iran from using energy revenues to finance activities such as nuclear development and support for terrorist groups.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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