The European Union has decided to impose a new package of sanctions against Iran in response to the country’s recent crackdown on protests, but has backed down from adding the Islamic Revolutionary Guard Corps (IRGC) to its terror listing.
After a meeting of EU foreign ministers, the bloc has agreed to tighten sanctions on Iran, including travel restrictions and asset freezes on individuals and entities involved in the crackdown.
The decision to not brand the IRGC as a terrorist organization was a major point of contention between Iran and the EU. The EU said it was not ready to take such a step for now, but left open the possibility of doing so in the future.
The move comes as tensions between Iran and the EU have been rising in recent months. Iran has accused the EU of interfering in its internal affairs and of supporting the protests.
The new package of sanctions is the latest in a series of measures taken by the EU against Iran, including a ban on the sale of arms and dual-use items.
The EU has also called on Iran to end its crackdown on protesters and to respect human rights.
Lord Abbett High Yield Fund Q4 2025 Commentary: What Investors Need to Know for a Profitable Future!
Jersey City, New Jersey—In the closing quarters of 2025, Lord Abbett High Yield Fund navigated a challenging investment landscape, marked by evolving interest rates and shifting economic indicators. Analysts noted that despite initial obstacles, investors were encouraged by the fund’s strategic allocation and management decisions, which positioned it favorably amidst market uncertainty. The fund’s performance during the fourth quarter reflected a cautious but calculated approach to high-yield debt. With inflationary pressures beginning to stabilize, the fund’s managers focused on identifying opportunities in sectors that showed ... Read more