President Donald Trump said the U.S. is waiving oil-related sanctions on certain countries in an effort to ease crude prices, as he estimated the war with Iran would end “very soon.”
“So in some countries, we’re going to take those sanctions off until this straightens out,” Trump said Monday in remarks to reporters in Doral, Fla.
retreated from highs as investors priced in the possibility of a coordinated emergency release of oil reserves. Oil futures were falling another 10% on Monday night.
Trump didn’t name countries on which his administration is mulling the reduction of sanctions. Earlier Monday, Reuters reported that the White House was weighing further easing of sanctions on Russia. The U.S. has allowed India to buy Russian oil without being penalized by the Trump administration. Trump spoke with Russian leader Vladimir Putin on Monday.
Trump predicted a “short-term excursion” in Iran but also suggested U.S. involvement there would continue.
“We could go further, and we’re going to go further,” he said.
Earlier Monday, Trump told a CBS reporter that the conflict with Iran could end soon, saying he thought the war was “very complete, pretty much.” He said Iran has no navy, communications or air force.
And there were signs Monday that the wealthy countries that make up the Group of Seven were discussing an emergency release of crude reserves.
U.S. and global benchmark prices both climbed to nearly $120 a barrel at their peaks in overnight trading, before retreating from those highs as investors priced in the potential G-7 action.
The G-7 development helped ease concerns over disruptions to the global flow of oil resulting from the Iran conflict. Energy ministers from the group are planning a virtual meeting Tuesday to discuss a possible release of oil reserves to address supply disruptions triggered by the Iran war, sources told CNBC.
Swiss inflation was unchanged in February close to zero, a worry for the country’s central bank after it voiced increased willingness to intervene in foreign-exchange markets to halt recent gains in the franc.
Consumer prices were up 0.1% compared with February last year, the same rise as in January, Switzerland’s statistics agency said Wednesday. Swiss inflation was last negative in May.
The Swiss National Bank has struggled to limit the appreciation of the franc over the last year as investors have sought a safe haven from the upheaval caused by President Trump’s tariff hikes and innovations in foreign policy. The attacks on Iran over the weekend pushed the franc to its highest level against the euro in more than a decade on Monday.
A stronger franc lowers the domestic prices of imported goods, while also damping demand for Swiss goods abroad, which also cools inflation. The Swiss economy barely grew in the second half of last year after a significant rise in U.S. tariffs hit the country’s exports, which include luxury watches and chemicals.
The SNB has an inflation target of more than zero but below 2%. Central bankers fear periods of deflation, in which falling prices lead businesses and households to hold back on spending in anticipation of securing better deals in the future. This then weakens activity and prices in what can become a vicious circle.
The SNB has limited options to halt the appreciation of the franc. The central bank’s key interest rate is already at zero, and Chairman Martin Schlegel has long stressed there is a high bar to lowering the key rate below zero, underlining the negative impact on savers and the country’s banks.
The central bank could also sell francs to weaken the currency, thereby helping to boost the inflation rate.
In an unusual announcement, the SNB said Monday that its willingness to sell francs has increased.
“We are prepared to intervene in the foreign-exchange market to counter a rapid and excessive appreciation of the Swiss franc, which jeopardizes price stability in Switzerland,” the bank said.
The franc fell back slightly against other currencies after the announcement. However, it did little to dent the gain of more than 14% against the dollar in the past year.
“Such a warning from the SNB is rather rare,” Commerzbank analyst Michael Pfister said in a note to clients.
“For the time being, it is likely that officials have ensured the market will only test stronger franc levels very cautiously, even amid rising geopolitical risks,” he added.
The move could put Switzerland in the crosshairs of the U.S. Treasury, which put the Alpine nation on its watch list for currency manipulation.
Switzerland is due to publish its foreign-currency reserves for February on Friday.
The jump in prices of oil and gas prompted by the conflict in the Middle East could stoke an increase in inflation in the months ahead. More than 70% of energy consumed in Switzerland is imported, according to a 2025 study by the Swiss Energy Foundation.
“A stable currency and potentially higher energy prices, at least in the near term, largely eliminate the risk of the Swiss economy slipping into deflation over the coming quarters,” said Ankita Amajuri, Europe economist at Pantheon Macroeconomics in a note.
Imported-product prices were down 1.6% in February compared with the same month of last year, while domestic inflation was 0.6%, Wednesday’s data showed.
Governments in rich countries are set to sell a record amount of bonds this year in an increasingly risky environment, while a small number of companies plan to borrow heavily to fund the “enormous” cost of building AI capacity, the Organization for Economic Cooperation and Development said Wednesday.
In its annual report on debt issuance, the OECD said rich-country governments led by the U.S. will have to sell $14.5 trillion in bonds just to replace securities that are maturing, a process known as refinancing. New borrowing will likely bring total issuance to around $18 trillion, an increase of $1 trillion from last year, and a new record.
The increase in refinancing needs partly reflects a shift to selling bonds with shorter maturities, a response to the increased cost of selling longer-dated securities as borrowing surged during the Covid-19 pandemic and in subsequent years.
However, that shift to shorter maturities brings risks. The more often outstanding bonds need to be replaced with new issues, the more vulnerable the government is to a shock that leads investors to temporarily withdraw or demand sharply higher compensation to lend.
“The risk of refinancing may be high, especially in a geopolitical context with a lot of variability,” said Carmine Di Noia, the OECD’s director for financial affairs.
Yields on government bonds have risen sharply since the U.S. and Israel attacked Iran, a move that would increase the cost of refinancing if sustained.
According to the OECD’s figures, the U.S. faces the largest refinancing requirement among its membership, with bond sales equivalent to 31% of gross domestic product in 2025. Japan had the next highest requirement, at 25%, while Italy had the largest in Europe at 16.8%.
The U.S. accounts for an increasing share of total refinancing needs. It was responsible for 70% in 2025, up from 57% in 2020 and just 35% in 2007, the year before the global financial crisis struck.
New borrowing will likely bring total issuance to $18.3 trillion, an increase of more than $1 trillion from last year, and a new record. Governments from developing economies are expected to sell $3.6 trillion in bonds, up from $3.4 trillion last year.
Despite the rapid rise in sales amid increased trade disputes and international conflict, bond markets are “showing few signs of strain,” Di Noia said.
But that could change.
“The resilience debt markets have shown in the face of major pressures should not be taken for granted,” he said. “It rests on a foundation of rigorous monetary policy frameworks, serious commitments to sound fiscal policy, and trust in the integrity of the institutions governing these markets.”
The OECD also expects bond sales by businesses to reach a record high of $6.9 trillion this year, up from $6.8 trillion last year and $4.8 trillion in 2019.
“Given the scale of capital expenditure required to finance the expansion of AI, corporate borrowing needs are expected to continue increasing substantially,” the Paris-based research body said.
That surge in AI-related borrowing could take the corporate bond markets into uncharted territory, with degrees of concentration similar to those seen in equity markets over recent years.
The OECD estimates that nine “hyperscalers” alone are planning capital expenditures of $4.1 trillion between 2026 and 2030, or 36% more than total capital expenditure by all non-financial U.S. companies in 2025.
If half of those investments were financed through bond markets, the OECD calculates the nine would account for issuance of bonds equivalent to 15% of average annual sales by all non-financial businesses globally in the years 2020 to 2025.
“These developments may be setting corporate debt markets on course to become more equity-like,” the OECD said. “Combined with the enormous AI-related financing needs of other sectors, from energy providers to construction companies, AI financing is set to transform these markets.”
The United Arab Emirates is weighing freezing billions of dollars of Iranian assets held in the Gulf state, according to people familiar with the discussions, a move that could sever one of Tehran’s most important economic lifelines.
If the U.A.E. goes ahead, it would significantly curb Tehran’s access to foreign currency and global trade networks as its domestic economy, already buckling under inflation, is now engulfed in a military conflict.
Emirati officials have privately warned Iran—which has fired more than 1,000 drones and missiles at targets in the U.A.E.—of the possible action, people familiar with the warnings said. It isn’t clear when, or if, the Emirati government will decide to act.
The Emirati Foreign Ministry didn’t respond to a request for comment.
The U.A.E. has for years functioned as a financial hub for Iranian businesses and individuals seeking a haven from Western sanctions, according to analysts tracking Tehran’s activities and the U.S. Treasury. Iran’s sanctions-evasion infrastructure has allowed Tehran to keep selling oil abroad and use the proceeds to fund weapons programs and regional proxies, they say.
The U.A.E. has previously said it adheres to sanctions and has a strong commitment to protect the integrity of the global financial system.
Any move by the U.A.E. to limit Iranian financial activities there “would be very significant, because the U.A.E. is the most important conduit for Iran’s engagement with the global economy,” said Esfandyar Batmanghelidj, chief executive of Iran-focused think tank Bourse & Bazaar.
U.A.E. authorities are weighing several measures to dismantle illicit Iranian operations, officials familiar with the matter said. They range from freezing the assets of U.A.E.-based shadow companies used to mask trade to a sweeping financial crackdown on local currency exchanges which are used to move money outside of formal banking channels.
If the U.A.E. decides to move on Iran’s shadow-financing empire, a prime target would be accounts affiliated with the Islamic Revolutionary Guard Corps, the powerful group responsible for defending and perpetuating the regime, the officials familiar with the discussions said.
Tehran has allocated a growing portion of its oil for the IRGC, as well as other parts of the defense and security complex, to sell on the international market, according to a Treasury publication last June.
Beyond financial maneuvers, policymakers are also considering direct maritime action, such as seizing Iranian ships, two of the officials familiar with the discussions said. Such moves would be aimed at crippling Iran’s shadow fleet of oil tankers and intermediaries operating across Emirati ports and shipping lanes.
Any efforts to squeeze Iranian assets would mark a sharp departure from the U.A.E.’s historical effort to balance its strategic alliance with the U.S. against its proximity to Iran. Until now, the country has largely refrained from weaponizing its financial sector against its neighbor across the Persian Gulf.
In seeking to become an international financial center, the U.A.E. has welcomed capital from around the world, often with little regard for its provenance. After Russia invaded Ukraine, the U.A.E. was one of the main beneficiaries, playing host to traders of Moscow’s commodities and inviting Russian money and bankers.
The West—including U.S. officials—has previously pressured the U.A.E. to tighten scrutiny on money flows and crack down on sanctions evasion. In 2022, the Financial Action Task Force, a Paris-based global finance watchdog, placed the U.A.E. on its “gray list” for failing to adequately combat money laundering and terrorism financing.
A U.A.E. official has previously told The Wall Street Journal that the U.A.E. had a robust process to deal with sanctioned people and companies and that Emirati banks monitored compliance. In 2024, the Journal reported that Dubai’s main state-owned bank closed some accounts held by Russian oligarchs and oil traders after U.S. officials pressed the U.A.E. to shut Moscow’s backdoor to the international financial system.
Around the same time, the FATF removed the U.A.E. from the list, saying it had strengthened its anti-money-laundering regime.
The latest conflict with Iran has put the U.A.E. in a difficult spot, casting doubt on the country’s carefully cultivated reputation as a haven in a volatile region. Iran’s drone and missile attacks have caused some damage at a Dubai airport, as well as residential and tourist areas around the Burj Al Arab hotel and the Palm Jumeirah man-made island.
Several people involved in the discussions said Emirati officials are weighing the risks of an asset freeze, including the possibility that it could trigger prolonged retaliation by Iran against Emirati territory and its critical energy infrastructure. Such a decision would also upend lucrative trade and banking ties with Tehran and damage the U.A.E.’s ability to attract and retain capital from other politically charged sources, such as Russia.
Any asset freeze is unlikely to cover all accounts held by Iranian companies and nationals, hundreds of thousands of whom live in the U.A.E., analysts said.
Andreas Krieg, a senior lecturer at the School of Security Studies at King’s College London, said that a more targeted approach is more likely because the U.A.E. doesn’t want to lose all of this business. Krieg said that IRGC-linked accounts would be frozen first.
“This is the most important nonmilitary lever the U.A.E. have to play against the Iranians,” Krieg said.
In 2024, $9 billion passing through correspondent accounts maintained by U.S. banks appears to have been tied to clandestine Iranian financial activity, according to the Treasury Department. The Treasury said U.A.E.-based firms received 62% of those funds, much in relation to oil sales by Iran-linked companies in Dubai.
Iran has established front companies in the U.A.E. to receive payments for oil, settle trades and disguise the origin of funds, according to the Treasury and analysts tracking Tehran’s activities.
MADRID — Spain “will not be vassals” to another country, Deputy Prime Minister Maria Jesus Montero said on Wednesday (March 4), defying US President Donald Trump’s threats to cut trade with Madrid over its stance against the US-Israeli strikes on Iran.
Trump floated imposing a trade embargo on Madrid over its refusal to allow US aircraft to use jointly operated naval and air bases in southern Spain for the offensive against Tehran.
Spain has denounced the US and Israeli bombings of Iran as reckless and illegal, while most other European nations have withheld direct critique of the attacks.
“We are certainly not going to be anybody’s vassals, we won’t tolerate any threats and we’ll defend our values,” Montero told reporters, citing support for Spain from the European Commission.
The Commission said in a statement on Wednesday it expected the US to abide by its trade deal with the European Union (EU) and expressed “full solidarity” with member states, but stopped short of naming Spain.
The EU requires that third countries treat it as a single customs bloc.
In a televised address earlier on Wednesday, Spanish Prime Minister Pedro Sanchez reiterated Spain’s anti-war stance, warning that the conflict risked triggering a major global disaster.
“We’re not going to be complicit in something that’s bad for the world, nor contrary to our values and interests, simply to avoid reprisals from someone,” said Sanchez.
One of the most outspoken critics of both Trump and Israeli Prime Minister Benjamin Netanyahu, Sanchez criticised leaders who “use the fog of war to hide their failure” at home.
“This is how humanity’s great disasters start … You cannot play Russian roulette with the destiny of millions,” he said, highlighting the negative knock-on effects of the Iraq war, from a rise in jihadist terrorism to soaring energy prices, to argue that the consequences of the attack on Iran were just as nebulous.
Spain has refrained so far from involving itself in defensive operations, even as Britain, France, and Greece have sent armaments to Cyprus, which was struck by a drone on Monday, and British Prime Minister Keir Starmer authorised use of UK bases for defensive strikes on Tehran.
Israel has criticised Sanchez, accusing him of “standing with tyrants”.
Trump says he can impose embargoes
Trump on Tuesday claimed the Supreme Court’s ruling in February, which declared that he could not use the International Emergency Economic Powers Act to impose tariffs because they were a tax measure, confirmed his right to apply embargoes.
Imposing a trade embargo would require making the case that Spain’s refusal to permit use of its bases constituted a national emergency and posed an “unusual or extraordinary” threat to the US, said Peter Shane, a US law professor at New York University.
“It’s hard to see how Spain denying us the use of air bases on its territory for us to launch an unprovoked attack on Iran poses an extraordinary threat to our national security,” Shane said.
Spain sells more to the US than it buys, but certain sectors like pharmaceutical products and olive oil are more exposed through high exports.
A source at Spanish olive oil producer Dcoop expressed worry about possible sanctions, adding it could bring orders forward. “We are farmers who want to market our products without obstacles,” he said.
A grandson of Ayatollah Ruhollah Khomeini, the late founder of the Islamic Republic of Iran, is likely to figure prominently in the deliberations of the clerics who will determine who replaces Ayatollah Ali Khamenei as Supreme Leader.
The killing of Khamenei, 86, in a US-Israeli attack has brought new urgency to the question of who will be the next Supreme Leader, a long-simmering issue over which there had been no clarity despite his age.
Hassan Khomeini is the most visible of the late Ayatollah’s 15 grandchildren and is seen as a relative moderate within Iran’s clerical establishment.
He enjoys close ties to reformists including former presidents Mohammed Khatami and Hassan Rouhani, who both pursued policies of engagement with the West when in office.
Khomeini, 53, holds a symbolically important role in public life as custodian of his grandfather’s mausoleum in southern Tehran. He has never served in government.
Some politicians inside Iran have seen him as a rival to hardliners who gained sway under Khamenei, notably his son, Mojtaba.
The case for installing a moderate successor to Khamenei gained momentum among some Iranian politicians in the wake of unrest that swept Iran in January as a means of shoring up the Islamic Republic in the face of widening dissent.
Khomeini demanded accountability for Amini’s death
While loyal to the Islamic Republic established after the Shah was toppled in 1979, Khomeini has a track record of urging reform and has occasionally voiced dissent against authorities.
In 2021, he criticised the Guardian Council — the branch of Iran’s theocracy responsible for vetting presidential candidates — after it barred reformists from running.
The council’s move paved the way for the victory of hardliner Ebrahim Raisi, who died in a helicopter crash in 2024.
“You can’t pick someone for me and tell me to vote for them!” Khomeini said at the time.
He also demanded accountability after Mahsa Amini, a young Iranian woman, died in 2022 after being taken into custody by morality police, accused of violating conservative dress codes — an incident that ignited countrywide protests.
Authorities “must transparently and precisely account for what has happened to this 22-year-old girl under the pretext of ‘guidance and education'”, he said.
But, reflecting his loyalty to the system, the mid-ranking cleric also criticised protesters who chanted against Khamenei.
During the unrest that swept Iran in December and January — the deadliest since the 1979 revolution — he rallied behind the establishment, accusing rioters of serving Israel, taking part in a pro-government march, and likening some of the violence to the actions of Islamic State.
In a condolence letter, Khomeini said Khamenei would forever “be the hero of the people of Iran and Muslims”, adding: “The noble people of Iran will once again walk the path of the Imam (Khomeini) by overcoming this incident.”
‘Progressive theologian’
A close friend of Khomeini’s, speaking to Reuters in 2015, described him as a progressive theologian, especially when it comes to music, women’s rights, and social freedom.
He follows trends on social media and is interested in Western philosophy as much as Islamic thought.
His wife, Sayyeda Fatima, is the daughter of an Ayatollah, and they have four children.
Some reformists urged him to run for the presidency in 2012, but he declined.
Khomeini supported the Rouhani government that negotiated the 2015 nuclear agreement, which eased sanctions in return for limits on the nuclear programme — until US President Donald Trump tore it up in 2018.
He has spoken openly about economic hardships endured by Iranians during years of sanctions imposed over the nuclear programme.
Blocked from running for assembly of experts
A decade ago, Khomeini sought to run in an election for the Assembly of Experts, the body responsible for picking the Supreme Leader.
He secured an initial nod of approval for his candidacy from Khamenei, who reportedly gave his blessing while also cautioning Khomeini against doing any harm to his grandfather’s name. But he was later disqualified by the Guardian Council.
Though his religious credentials were cited for the disqualification — Khomeini holds the clerical rank of Hojatoleslam, one notch below Ayatollah — the move was seen as intended to head off a potential challenge by the reformist camp.
In 2008, he was widely regarded as criticising Iran’s powerful Islamic Revolutionary Guards Corps (IRGC) when he said in an interview that those claiming loyalty to his grandfather’s legacy should follow his order that the military must stay out of politics.
He nevertheless enjoys close ties to the Guards, an elite force tasked with safeguarding the Islamic Revolution.
During the 12-day air war between Israel and Iran last year, Khomeini wrote to Khamenei praising his leadership and saying Iranian missiles had become a nightmare for Israel and a source of satisfaction for the Iranian nation, according to Jamaran, an Iranian news website dedicated to Khomeini’s memory.
Khomeini has described Israel as the “evil Zionist regime” and “a cancerous tumour” backed by the West, and has said the Muslim world should make itself strong to confront Zionism, according to statements reported by Jamaran.
KATHMANDU, Nepal — Nepal is holding parliamentary elections Thursday, a year after a youth-led uprising forced out the government chosen in the last elections.
Here are some figures about the election:
The election is being held just three years after Nepal’s previous national vote, following the political upheaval that led to the government’s collapse in 2025. That paved the way for an interim government, which later called for fresh elections.
Nearly 19 million people are registered to vote in Nepal, according to the Election Commission. About 966,000 are men and 924,000 are women. Another 200 voters are registered under the “others” category, which includes people who do not identify as male or female and members of the LGBTQ+ community.
The number of registered voters has risen by nearly 1 million since the last parliamentary election in November 2022, as the youth-led uprising sparked greater interest in politics.
The voting age in Nepal is 18, and authorities had urged eligible young adults to register.
The youth-led uprising in September 2025 that brought down the previous government and triggered early elections has become a defining issue in the campaign.
Political parties have pledged to amplify the voices of younger voters, promising to tackle corruption and improve governance.
Voters will directly elect 165 members to the House of Representatives, the powerful lower chamber of Parliament. The remaining 110 seats in the 275-member House will be filled through a proportional representation system, with political parties nominating lawmakers based on the share of votes each party receives.
Previous government in Nepal have largely been coalitions, with two or more parties joining forces to command a majority in the House. The country has a history of political instability, having seen 15 governments in the past two decades.
Iraq has extended the closure of its airspace for 48 hours, while Jordan announced a partial daily shutdown, civil aviation authorities in both countries said Monday, citing escalating regional tensions.
Iraq’s Civil Aviation Authority said it would keep the country’s airspace closed to all arriving, departing and overflying aircraft for an additional 48 hours starting at 12 pm local time (0900GMT) Monday as a “temporary and precautionary measure.”
The authority said in a statement carried by the state news agency INA that the decision followed “an ongoing assessment of the security situation and a comprehensive review of developments and regional tensions.”
Iraq initially closed its airspace Saturday following a US-Israeli offensive against Iran.
Jordan’s Civil Aviation Regulatory Commission also said in a statement it would implement a “partial and temporary” closure of the kingdom’s airspace to all arriving, departing and transit flights “in light of current regional developments and a risk assessment conducted in accordance with international standards.”
The closure will take effect from 6 pm local time (1500 GMT) until 9 am (0600 GMT) the following day and the decision will remain in force until further notice “to ensure the safety and security of civil aviation in Jordanian airspace,” the commission said.
The decisions come as Israel and the United States have conducted a military offensive against Iran since early Saturday, killing at least 550 people, including Supreme Leader Ali Khamenei and top military officials.
Tehran has responded by firing missiles and drones toward Israel and US bases in countries across the region. Some of those attacks have caused casualties and damage to civilian infrastructure, prompting condemnation from the Gulf countries, which have called for an end to the attacks.
– Pakistani army destroyed ammunition depot in eastern Khost province, Pakistan Television reports, citing security sources
KARACHI, Pakistan
Cross-border tensions between Pakistan and Afghanistan continued on Monday, with at least three children killed in ongoing fighting in eastern Kunar province, Afghan media reported.
According to Afghanistan’s broadcaster Tolo News, three children were killed, and two were injured when shells allegedly fired by Pakistani military forces struck a refugee camp in the Khass Kunar district.
However, state broadcaster Pakistan Television reported, citing security sources, that Pakistani army forces destroyed an ammunition depot in eastern Khost province as part of their operations against the “Afghan Taliban regime’s aggression.”
There was no official statement from either party regarding the latest developments.
Pakistan has claimed that its “self-defense” measures ensured that no civilians were targeted.
In a related development, Pakistan on Monday ordered the closure of scores of schools located near the border in the North Waziristan, Mohmand, Khyber, and Bajaur districts until further notice as a precautionary measure in light of the prevailing security situation.
Pakistan’s Information Minister Attaullah Tarar on Monday claimed 435 Afghan Taliban operatives and suspected militants have been killed and more than 630 injured in airstrikes and clashes since Thursday.
Kabul, for its part, claims 56 Pakistani soldiers were killed in the border clashes.
The veracity of casualty claims by Islamabad and Kabul could not be independently verified.
Chinese envoy meets Pakistan’s top diplomat
Separately, Pakistani Foreign Minister Ishaq Dar on Monday received Chinese Ambassador Jiang Zaidong in Islamabad.
“Discussions were held on the evolving regional situation and broader developments,” the Pakistani Foreign Ministry said on the US social media company X.
Dar emphasized the importance of dialogue, diplomacy, and continued consultations, while reaffirming Pakistan’s commitment to peace and stability in the region and beyond.
The statement did not mention whether they discussed border tensions with Afghanistan.
Notably, Beijing has said it was engaging Islamabad as well as Kabul to de-escalate the border situation.
Death toll at 84
Tensions between the two neighbors have been running high since last Thursday, when Kabul launched “retaliatory operations” along the border after Pakistani airstrikes in late February.
According to a tally of figures from both sides of the border, 84 people have been killed so far.
They include 12 Pakistani soldiers and one civilian, while 13 Afghan soldiers and 58 civilians lost their lives during the clashes. One Pakistani soldier remains missing.
Pakistan in late February launched airstrikes on “terror targets,” killing 70 “terrorists,” while Afghan officials and the UN reported civilian deaths, claims Pakistan denies.
One of two high-profile Shiite religious leaders in Iran who issued fatwas following the death of Ayatollah Ali Khamenei, formerly received a religious tolerance’ £15,000 ‘religious tolerance’ grant from Brent Council.
On Sunday, following the assassination of Ayatollah Ali Khamenei by the US and Israel, Grand Ayatollah Hossein Nouri Hamedani and Grand Ayatollah Naser Makarem Shirazi have issued fatwas calling on Muslims worldwide to take revenge.
Hamedani responded in writing to a request from the presidium of the Assembly of Seminary Students and Scholars in Qom, saying that “avenging the blood of the martyred leader of the revolution is obligatory for all Muslims.”
“Without doubt, criminal America and the bloodthirsty Zionists have reached the end of their path, and this time the powerful armed forces will deliver a decisive and unforgettable response,” he warned.
Shirazi issued a fatwa calling Israel and the US the “most wicked enemies of humanity” and “the principal perpetrators of this crime.”
“The people of Iran and the Islamic world are the avengers of the blood of the martyred leader of the Revolution,” he said, adding that “seeking revenge is the religious duty of all Muslims worldwide so that the evil of these criminals may be removed from the world.”
Brent Council alerted to IRGC links
Shirazi, one of the most important religious figures in Iran, launched a representative office on Harrow Road in London called the Babul Murad Centre in 2008.
Via the Centre, Shirazi also had a charity in the UK named International Islamic Link, which received a £15,000 grant from Brent Council, a local government body in London, to promote “religious tolerance” in 2009.
After being alerted to IRGC links, Brent Council stated that it has “not commissioned this [charity] since and have no future plans to fund them.”
Before being investigated by the Charity Commission, Shirazi’s own website featured several pages about his belief that the Holocaust was a myth invented by Jews to gain support for the Zionist project.
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