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BREAKING: Biden Administration Readies New Sanctions Targeting Iran’s Oil Exports
The US imposed sanctions on a Chinese crude-oil storage operator and nine other entities accused of violating restrictions on Iranian oil exports, as the Biden administration looks for ways to sever a financial lifeline and press Tehran to return to the 2015 nuclear deal.
The sanctions targeted Zhonggu Storage and Transportation Co. Ltd., a company that “provides a vital conduit for the Iranian petroleum trade,” the State Department said in a statement. Nine other entities from China, Hong Kong, Iran, India and the United Arab Emirates were also targeted, it said.
In a separate statement, the Treasury Department said the sanctions focused on a network of companies tied to the sale of “hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to end users in South and East Asia.”
Iran has stepped up oil exports in the face of a sanctions regime that went back into effect after former President Donald Trump quit the multinational Iran nuclear deal in 2018. Those exports have recently fallen from a peak of 1 million barrels a day as Tehran faces increased competition from Russia, which is eager to sell at discounted prices to counter a separate array of sanctions imposed over the war in Ukraine.
"So long as Iran refuses a mutual return to full implementation of the Joint Comprehensive Plan of Action, the United States will continue to enforce its sanctions on the sale of Iranian petroleum and petrochemical products," the Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.
Source: Bloomberg (https://www.bloomberg.com/news/articles/2022-09-29/iran-s-oil-exports-will-be-targeted-in-a-new-round-of-us-sanctions-being-readied?leadSource=uverify%20wall), Reuters
(https://www.reuters.com/markets/commodities/us-imposes-new-sanctions-iran-oil-exports-targets-chinese-uae-firms-2022-09-29/)
sanctions #iran #sanctionskillchildren #sanctionsarewar #terrorism
Follow:
https://t.me/g3news
The US imposed sanctions on a Chinese crude-oil storage operator and nine other entities accused of violating restrictions on Iranian oil exports, as the Biden administration looks for ways to sever a financial lifeline and press Tehran to return to the 2015 nuclear deal.
The sanctions targeted Zhonggu Storage and Transportation Co. Ltd., a company that “provides a vital conduit for the Iranian petroleum trade,” the State Department said in a statement. Nine other entities from China, Hong Kong, Iran, India and the United Arab Emirates were also targeted, it said.
In a separate statement, the Treasury Department said the sanctions focused on a network of companies tied to the sale of “hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to end users in South and East Asia.”
Iran has stepped up oil exports in the face of a sanctions regime that went back into effect after former President Donald Trump quit the multinational Iran nuclear deal in 2018. Those exports have recently fallen from a peak of 1 million barrels a day as Tehran faces increased competition from Russia, which is eager to sell at discounted prices to counter a separate array of sanctions imposed over the war in Ukraine.
"So long as Iran refuses a mutual return to full implementation of the Joint Comprehensive Plan of Action, the United States will continue to enforce its sanctions on the sale of Iranian petroleum and petrochemical products," the Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.
Source: Bloomberg (https://www.bloomberg.com/news/articles/2022-09-29/iran-s-oil-exports-will-be-targeted-in-a-new-round-of-us-sanctions-being-readied?leadSource=uverify%20wall), Reuters
(https://www.reuters.com/markets/commodities/us-imposes-new-sanctions-iran-oil-exports-targets-chinese-uae-firms-2022-09-29/)
sanctions #iran #sanctionskillchildren #sanctionsarewar #terrorism
Follow:
https://t.me/g3news
BREAKING: Biden Administration Readies New Sanctions Targeting Iran’s Oil Exports
The US imposed sanctions on a Chinese crude-oil storage operator and nine other entities accused of violating restrictions on Iranian oil exports, as the Biden administration looks for ways to sever a financial lifeline and press Tehran to return to the 2015 nuclear deal.
The sanctions targeted Zhonggu Storage and Transportation Co. Ltd., a company that “provides a vital conduit for the Iranian petroleum trade,” the State Department said in a statement. Nine other entities from China, Hong Kong, Iran, India and the United Arab Emirates were also targeted, it said.
In a separate statement, the Treasury Department said the sanctions focused on a network of companies tied to the sale of “hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to end users in South and East Asia.”
Iran has stepped up oil exports in the face of a sanctions regime that went back into effect after former President Donald Trump quit the multinational Iran nuclear deal in 2018. Those exports have recently fallen from a peak of 1 million barrels a day as Tehran faces increased competition from Russia, which is eager to sell at discounted prices to counter a separate array of sanctions imposed over the war in Ukraine.
"So long as Iran refuses a mutual return to full implementation of the Joint Comprehensive Plan of Action, the United States will continue to enforce its sanctions on the sale of Iranian petroleum and petrochemical products," the Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.
Source: Bloomberg (https://www.bloomberg.com/news/articles/2022-09-29/iran-s-oil-exports-will-be-targeted-in-a-new-round-of-us-sanctions-being-readied?leadSource=uverify%20wall), Reuters
(https://www.reuters.com/markets/commodities/us-imposes-new-sanctions-iran-oil-exports-targets-chinese-uae-firms-2022-09-29/)
sanctions #iran #sanctionskillchildren #sanctionsarewar #terrorism
Follow:
https://t.me/g3news
The US imposed sanctions on a Chinese crude-oil storage operator and nine other entities accused of violating restrictions on Iranian oil exports, as the Biden administration looks for ways to sever a financial lifeline and press Tehran to return to the 2015 nuclear deal.
The sanctions targeted Zhonggu Storage and Transportation Co. Ltd., a company that “provides a vital conduit for the Iranian petroleum trade,” the State Department said in a statement. Nine other entities from China, Hong Kong, Iran, India and the United Arab Emirates were also targeted, it said.
In a separate statement, the Treasury Department said the sanctions focused on a network of companies tied to the sale of “hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to end users in South and East Asia.”
Iran has stepped up oil exports in the face of a sanctions regime that went back into effect after former President Donald Trump quit the multinational Iran nuclear deal in 2018. Those exports have recently fallen from a peak of 1 million barrels a day as Tehran faces increased competition from Russia, which is eager to sell at discounted prices to counter a separate array of sanctions imposed over the war in Ukraine.
"So long as Iran refuses a mutual return to full implementation of the Joint Comprehensive Plan of Action, the United States will continue to enforce its sanctions on the sale of Iranian petroleum and petrochemical products," the Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.
Source: Bloomberg (https://www.bloomberg.com/news/articles/2022-09-29/iran-s-oil-exports-will-be-targeted-in-a-new-round-of-us-sanctions-being-readied?leadSource=uverify%20wall), Reuters
(https://www.reuters.com/markets/commodities/us-imposes-new-sanctions-iran-oil-exports-targets-chinese-uae-firms-2022-09-29/)
sanctions #iran #sanctionskillchildren #sanctionsarewar #terrorism
Follow:
https://t.me/g3news
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