U.S. advances deal with Iran to swap prisoners, free frozen oil funds – Newstrends
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U.S. advances deal with Iran to swap prisoners, free frozen oil funds

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U.S. President Joe Biden

U.S. advances deal with Iran to swap prisoners, free frozen oil funds

The Biden administration has issued a waiver for banks to transfer $6 billion in frozen Iranian oil funds without fear of U.S. sanctions — a key step in securing the release of five American citizens detained in Iran, people familiar with the matter said. As a part of the arrangement, the administration will release five Iranian citizens detained in the United States.

Congress was notified of the move on Monday, and it’s likely to come as a relief to U.S. prisoners’ families and supporters, many of whom have waited several years for the return of the detainees. It also is expected to come under harsh criticism from Republicans in Congress opposed to any agreement that allows for the release of frozen Iranian funds, money that is being transferred from South Korea to Qatar and limited for the purchase of humanitarian goods like food or medicine.

The deal marks a major breakthrough for the longtime adversaries who remain at loggerheads over a range of issues, including the rapid expansion of Tehran’s nuclear program, its ongoing military support for Russia and Iran’s harsh crackdown on dissent. Though it remains unclear when the two sides could complete the prisoner transfer, Monday’s announcement comes as President Biden and Iranian President Ebrahim Raisi each prepare to travel to New York for the annual U.N. General Assembly next week.

Amid the prisoner release talks, the United States and Iran have been discussing a possible informal arrangement that would seek to place some limitations on Iran’s nuclear program and avoid an international crisis. U.S. officials have insisted, however, that those talks are unrelated to the prisoner-exchange negotiations.

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The U.S. prisoners held by Iran include Siamak Namazi, an Iranian American who had been behind bars in Tehran for nearly eight years, the longest duration the Islamic republic has jailed any American. Others include Morad Tahbaz, an Iranian American who also holds British citizenship, and Emad Shargi, an American Iranian dual citizen. Each was released from Iran’s notorious Evin Prison last month in an initial step of the deal.

Two other American detainees involved in the swap have not been named at the request of their families.

While the five American detainees remain in Iran, the waiver decision, first reported by the Associated Press, tees up the prisoners’ full release, which could happen as early as next week amid the high-profile U.N. gathering, according to people familiar with the matter. They spoke on the condition of anonymity to discuss sensitive details.

South Korea, one of Iran’s largest oil customers, has held $6 billion in Iranian funds as a result of a waiver issued by the Trump administration in 2018 that allowed Seoul to continue purchasing Iran’s oil. Those funds became stuck in 2019 when the Trump administration tightened sanctions on Iran.

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American man arrested for beating tourist to death at Ireland hotel

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American man arrested for beating tourist to death at Ireland hotel

A 30 year old American man whose name was not given by security officials, has been arrested for beating up a 60 year old tourist to death at the Ballyfin Demesne hotel in Laois, Ireland.

The Irish police force commonly known as ‘Garda Síochána’ announced that the incident occurred in the late hours of Tuesday, November 12.

Ballyfin Demesne hotel, is a popular luxury five-star hotel located in Laois, Ireland and special guests such as Kanye West, Kim Kardashian, George Clooney e.t.c had made use of the hotel in times past.

The victim was discovered unconscious in the late hours of Tuesday, November 12 and was then rushed to the hospital were he died due to severe beating inflicted on him by the culprit.

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Independent local councilor James Kelly stated that nearby communities were ‘stunned’ upon learning about the incident at the renowned hotel.

He said, “There would be a lot of staff from the area and they’re totally shocked by what has happened here.

“It’s something we didn’t think we’d be waking up to this morning.”

The police also noted that a senior officer has been assigned to lead the investigation and an incident room has been set up at Portlaoise Garda Station, Ireland.

Furthermore, a family liaison officer will  be designated to assist the family of the deceased.

 

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FBI raids home of crypto platform Polymarket CEO, after accurate prediction of Trump win

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FBI raids home of crypto platform Polymarket CEO, after accurate prediction of Trump win

The Federal Bureau of Investigation on Wednesday carried out a raid at the home of Shayne Coplan, CEO of cryptocurrency prediction outlet Polymarket.

Authorities seized Mr Coplan’s phone during the raid, according to New York Post which first reported the incident.

Mr Coplan, 26, has been running the famous platform for bets throughout the 2024 presidential election in the United States.

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It wasn’t immediately clear why the search was conducted, but Polymarket promptly said it might be due to its activities during the election. Users on the platform had correctly predicted Donald Trump was going to defeat Kamala Harris. The company paid out a substantial amount to winners following the election.

“This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election,” a spokesperson for Polymarket said in a statement from its headquarters in New York.  “Polymarket is a fully transparent prediction market that helps everyday people better understand the events that matter most to them, including elections.”

It was unclear whether or not the FBI would be filing charges after the raid.

 

FBI raids home of crypto platform Polymarket CEO, after accurate prediction of Trump win

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Two dead, buildings destroyed in American factory explosion

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Two dead, buildings destroyed in American factory explosion

Two employees of Givaudan sense colour, a factory known for making colourings for beverages, located in Louisville, Kentucky, United States (US) were killed in an explosion that took place at the company’s facility.

The factory reported that the incident which took place on Tuesday, November 12 in the afternoon have also destroyed buildings around the company.

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Louisville Mayor, Craig Greenberg stated that firefighters managed to rescue and evacuate numerous individuals from the site, including some who sustained life-threatening injuries.

He also confirmed that all employees present at the plant during the explosion have been accounted for.

Earlier reports indicated that at least 11 workers were hospitalized.

The cause of the explosion is still under investigation.

 

Two dead, buildings destroyed in American factory explosion

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