INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Biden pledges to extract ‘costs’ from Iran despite prisoner swap

Biden is now regularly confronted by demonstrators waving Palestinian flags and chanting slogans against "Genocide Joe". (AFP)
  • Biden confirmed that he was imposing new sanctions on Iran's intelligence ministry and former president Mahmoud Ahmadinejad.
  • His statement did not mention the granting of clemency to five Iranians jailed or awaiting trial for non-violent crimes.

NEW YORK, US– President Joe Biden said the United States would keep piling “costs” on Iran despite a prisoner swap deal that freed five Americans on Monday.

Biden confirmed that he was imposing new sanctions on Iran’s intelligence ministry and former president Mahmoud Ahmadinejad for their involvement in “wrongful detentions.”

“Today, five innocent Americans who were imprisoned in Iran are finally coming home,” Biden said in a statement.

Biden said that “as we celebrate the return of these Americans, we also remember those who did not return,” including Bob Levinson, a former FBI agent who disappeared in Iran and is presumed dead.

“We will continue to impose costs on Iran for their provocative actions in the region,” Biden said.

His statement did not mention the granting of clemency to five Iranians jailed or awaiting trial for non-violent crimes, which a US official announced earlier.

Biden has faced severe criticism from his Republican opponents over the deal, which came to fruition after the release of $6 billion in Iranian funds long frozen by US ally South Korea.

He thanked the governments of Qatar, Oman, Switzerland and South Korea for their “tireless efforts” to make the deal happen.