US Iran War Live Updates: US cracks down on Iran’s biggest crypto platform over IRGC links

LIVE BLOG 03 Jun 2026 | 11:29:51 AM IST Representational image. Synopsis Iran War News Updates Live: Kuwait's General Civil Aviation Authority announced the suspension of flight operations and the diversion of incoming flights to alternative airports until further notice. Iran War News Updates Live: Kuwait's General Civil Aviation Authority announced the suspension of flight operations and the diversion of incoming flights to alternative airports until further notice. The United States on Tuesday imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing it of helping the Iranian government and blacklisted state entities bypass Western sanctions. The move follows a Reuters investigation published on May 1 that identified Nobitex as a key hub in a parallel financial network used to process hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps (IRGC). The report also found that the exchange continued handling millions of dollars in transactions despite a government-imposed internet shutdown. The Reuters investigation further revealed that Nobitex is controlled by two brothers from the influential Kharrazi family, which has close ties to Iran’s leadership. Corporate records showed the brothers were initially listed under a surname rarely associated with the family when the exchange was founded. Show more Show less 1 New Update Kuwait suspends flights, diverts aircraft to alternate airports until further notice Kuwait has suspended flight operations and diverted aircraft to alternative airports until further notice, the country's General Civil Aviation Authority said on Wednesday, as per Reuters. Rights Group calls for arrest of Israeli reservist allegedly responsible for demolition of civilian infra in Palestinian territories The Hind Rajab Foundation (HRF) has filed an urgent complaint with the Indian authorities demanding the immediate arrest of Eitan Gilboa, an Israeli national and reservist currently vacationing in Himachal Pradesh, who has been alleged to have carried out the demolition of residential blocks and civilian infrastructure across Khan Younis, Gaza and Rafah. In a statement shared on its official website, the HRF said that it "submitted a detailed investigative report proving that Gilboa, a reservist in the Israeli army, personally carried out and celebrated the systematic demolition of entire residential blocks in Gaza as acts of revenge, constituting war crimes under the Geneva Conventions Act, 1960." As per the HRF, Gilboa, was identified as a reservist in the 271st Combat Engineering Battalion in Israel. He is currently located in Old Manali and Gondla Village, Himachal Pradesh, according to the group. Europe development bank cuts growth forecasts on Mideast war The European Bank for Reconstruction and Development downgraded its economic forecasts Wednesday, noting that the energy price shock triggered by the Middle East war penalised Europe more than the United States. The bank, founded to help former Soviet bloc nations adopt free-market economies, said European gas prices exceeded those in the United States by a factor of five amid a widening gap. "Electricity prices in Europe are also much higher than in the United States," the London-based EBRD said in its latest outlook report, which also focused on countries in the Middle East and Africa where it invests. Israel Iran War Live Updates: Sensex tumbles over 800 points, Nifty below 23,300 Indian stock market traded in the deep red, with benchmark indices Sensex and Nifty falling more than 1% each as rising uncertainties around Iran-US war, persistent FII selling and other factors dampened investor sentiment. Israel Iran War Live Updates: US looks to unblock Hormuz with quiet version of Project Freedom A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway. Read more. Israel Iran War Live Updates: Japan cabinet approves $19 bn extra budget in response to Iran war Japan's cabinet approved Wednesday a $19 billion supplementary budget to support households struggling with soaring everyday costs driven by the Iran war. The extra budget was "decided" at a cabinet meeting, the prime minister's office said on its website. Top government spokesman Minoru Kihara told reporters at a news conference the cabinet had allocated 3.1135 trillion yen ($19 billion). "Amid ongoing uncertainty in the situation in the Middle East, we have formulated this budget from the standpoint of minimising risk," Kihara said. Israel Iran War Live Updates: Rubio grilled on Iran, says US won't swap sanctions relief for strait U.S. Secretary of State Marco Rubio said on Tuesday that President Donald Trump's negotiating team has not offered Iran sanctions relief in exchange for reopening the Strait of Hormuz and insisted that any sanctions relief was tied to Tehran giving up its nuclear program. "Right now, everything that's been discussed with them (Iran) is that ... any sanctions relief is condition-based, which means it has to be in return for the reason why those sanctions were put in place in the first place, which is their nuclear program," Rubio told a Senate hearing, the first of two where lawmakers closely questioned him on the Iran conflict. Read more. Israel Iran War Live Updates: Multiple nuclear operations in Iran have now halted amid ongoing conflict: IAEA chief Amid a fourth round of US-mediated direct talks between Israeli and Lebanese officials in Washington, intense cross-border hostilities persisted on Tuesday, highlighting the deep-seated challenges facing diplomatic initiatives to halt the months-long regional escalation. Concurrently, international observers are monitoring how the broader conflict intersects with regional nuclear security. According to Al Jazeera, International Atomic Energy Agency (IAEA) chief Rafael Grossi revealed during a visit to the United Arab Emirates that several previously active nuclear initiatives in Iran have now ceased, noting that the ongoing conflict and the targeting of Tehran's assets have fundamentally shifted intelligence assessments regarding Iran's nuclear trajectory. Against the backdrop of these changing regional dynamics, delegates from Lebanon and Israel gathered at the US State Department for direct negotiations. Addressing the situation before a US Senate Foreign Relations Committee hearing, US Secretary of State Marco Rubio expressed confidence that a rapid bilateral solution is achievable. Rubio told the panel that "Israel and Lebanon can do a peace deal tomorrow," while maintaining that "Israel has no territorial claims in Lebanon. Hezbollah is the impediment." Israel Iran War Live Updates: US watching Iran's World Cup delegation for IRGC links, Rubio says U.S. Secretary of ​State Marco Rubio ​told lawmakers on Tuesday that ​the U.S. would not let Iranians with ties to the Islamic Revolutionary Guard ‌Corps (IRGC) embed ⁠themselves ⁠in the country's delegation to take part ​in the soccer World Cup that begins ​this month. The Iranian team will play matches in the United States but ​will be based ⁠in Mexico ‌for the tournament. Despite the ​war ​the U.S. and Israel launched ⁠against Iran in late February, Rubio ​said Washington had "no problem" with ​the Iranian soccer team and its support staff entering the country. Israel Iran War Live Updates: Israel kills 11 in Lebanon, a day after Trump said Israel and Hezbollah will de-escalate Israeli drone strikes on southern Lebanon on Tuesday killed 11 people, including a man along with his son and daughter, the state-run news agency said, a day after U.S. President Donald Trump said Israel and the militant group Hezbollah agreed to dial back fighting. Hezbollah, which is backed by Iran, launched dozens of projectiles and drones toward Israeli soldiers in southern Lebanon and Israeli cities and towns in recent days as Israel's airstrikes killed dozens, including women and children, in Lebanon. Hezbollah did not carry out any attacks on Israel after Trump's announcement. Israel Iran War Live Updates: US missile strike stops tanker accused of breaching Iran blockade In other developments, the U.S. military said it fired a missile to halt another oil tanker trying to reach an Iranian port in violation of the American blockade. It was the seventh ship stopped by the military while trying to run the blockade, US Central Command said in a social media post. The Botswana-flagged merchant vessel M/T Lexie was stopped by an aircraft firing a Hellfire missile into its engine room after the crew ignored repeated warnings over 24 hours, the post said. Israel Iran War Live Updates: Iran stops talking to mediators, Iranian reports say, but Trump says talks continue Iran stopped communicating with mediators about extending a ceasefire in the war with the US and Israel, two semiofficial Iranian news agencies reported Tuesday, but President Donald Trump disputed the claim and said talks were continuing. The reports by the Fars and Tasnim news agencies, both believed to be close to Iran's paramilitary Revolutionary Guard, came as tensions flared in Israel's separate but related fight against the Iranian-backed militia Hezbollah in Lebanon. A regional official involved in the mediation, speaking on condition of anonymity to discuss the talks, told The Associated Press that Iran had not communicated at all on Tuesday after saying that a ceasefire needed to be enforced in Lebanon for negotiations to continue. Israel Iran War Live Updates: US military says it has 'defeated' Iran missile, drone attacks in Gulf The US military said Tuesday that it had "successfully defeated" a series of Iranian missile and drone attacks in the Gulf and conducted self-defense strikes on Iran's Qeshm Island. US Central Command also denied claims by Iran's Revolutionary Guards that they had struck the headquarters of the US Navy's Fifth Fleet in Bahrain and a separate air base in the region. "Iran launched several ballistic missiles toward regional neighbors; however, all failed to hit their intended targets," Centcom said in a statement. "Two Iranian missiles fired at Kuwait fell short or broke apart en route, and three missiles launched at Bahrain were immediately intercepted by US and Bahrain air defense forces." Israel Iran War Live Updates: US cracks down on Iran’s biggest crypto platform over IRGC links The United States on Tuesday imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing it of helping the Iranian government and blacklisted state entities bypass Western sanctions. The move follows a Reuters investigation published on May 1 that identified Nobitex as a key hub in a parallel financial network used to process hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps (IRGC). The report also found that the exchange continued handling millions of dollars in transactions despite a government-imposed internet shutdown.