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This morning, 2 August, ITS Thaon di Revel, the flagship of Operation EUNAVFOR MED IRINI, the European Union's mission in the Mediterranean, carried out an inspection of the oil tanker Toa Payoh, which is subject to European Union sanctions and belongs to the so-called Russian "shadow fleet", in order to verify its nationality, which for ships is determined by the flag they are authorized to fly. The Toa Payoh is sailing under the declared flag of Cameroon
Iran's Fars: Iranian sources deny reports that a deal has been reached to reopen the Strait of Hormuz. They say the strait will remain restricted while U.S. hostile actions continue, with ship transit allowed only via designated routes and IRGC naval approval. The earlier reports were described as false
Iranian military spokesman Colonel Ebrahim Zolfaghari warned that any country or company accepting compensation drawn from Iran's frozen assets would have its vessels barred from transiting the Strait of Hormuz. The statement responds to President Trump's threat to use blocked Iranian funds to compensate ships damaged during the conflict
A bipartisan group of US senators reached a deal on legislation that would let Trump impose tougher sanctions on major buyers of Russian energy and Iran. Trump supports the bill, and the Senate is expected to hold a procedural vote on Tuesday. Source: Bloomberg
Trump: The European Union is at it again and, as usual, taking direct aim at GREAT American Companies. After having fined Apple, for no reason at all, 15 Billion Dollars, Meta, 3 Billion Dollars, Amazon 2.5 Billion Dollars, and many others, we have just been informed that Google, a truly advanced and amazing group, has been fined yet another 1 Billion Dollars, without explanation. This brings the Google total to over 18 Billion Dollars. This illegal and highly discriminatory practice started at these high levels during the first year of the Sleepy Joe Biden Administration, but it's not going to continue during the Trump Administration. The United States of America is not a "PIGGYBANK" for Europe, nor will we allow it to be. Please let this TRUTH serve to represent that we will immediately initiate a 301 Investigation into the practice of "ROBBING" American Companies and, in turn, the American Taxpayer. The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about. The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment
Iran's Foreign Minister Abbas Araghchi: Seizing another nation's assets to pay for unrelated future claims is an incendiary precedent. Those who celebrate or profit from such funds should remember: once governments normalize confiscation, no one's assets are safe. Ensuing chaos will not be pretty or peaceful
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