The sanctioned countries no longer need the Western system for transactions, the deputy head of the Central Bank of Iran has announced Iran and Russia have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has said.

Washington’s microchip export controls are destroying global supply chains, Beijing has claimed Restrictions imposed by the US on exports of computer chips to China go beyond the concept of national security and destroy supply chains, Chinese Foreign Ministry spokesperson Mao Ning said on Monday.

The Lebanon-based militants launched a massive missile attack on an Israeli air surveillance base last week Hezbollah should look at what has happened to Hamas militants before escalating its conflict with Israel, Prime Minister Benjamin Netanyahu has warned.