US hits Iran’s oil minister and shadow fleet with new sanctions
1 week, 3 days ago

US hits Iran’s oil minister and shadow fleet with new sanctions

Hindustan Times  

The Trump administration is imposing sanctions on Iran’s oil minister, as well as targeting more companies and vessels linked to the “shadow fleet” that Tehran uses to circumvent sanctions. The US Treasury Department’s Office of Foreign Assets Control on Thursday added to its list of “Specially Designated Nationals” Mohsen Paknejad, who as minister of petroleum “oversees the export of tens of billions of dollars’ worth of Iranian oil and has allocated billions of dollars’ worth of oil to Iran’s armed forces for export,” according to a Treasury statement. The action is based on a January 2020 executive order in which President Donald Trump imposed sweeping sanctions on Iran’s petroleum and petrochemical sectors, and marks the third round of sanctions since the president’s Feb. 4 national security memorandum imposing a “maximum pressure” campaign on Iran. The Treasury Department identifies vessels flagged in several countries as members of Iran’s shadow fleet, and designates their owners “for operating in the petroleum sector of the Iranian economy.” In a corresponding action, the State Department designated three companies “for having knowingly engaged in a significant transaction for the purchase, acquisition, sale, transport or marketing of petroleum or petroleum products from Iran.”

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Trump's offer of talks with Iran aims to avoid military action, US envoy says
Trending News
4 days, 4 hours ago

Trump's offer of talks with Iran aims to avoid military action, US envoy says

Hindustan Times  

By Phil Stewart Trump's offer of talks with Iran aims to avoid military action, US envoy says WASHINGTON - U.S. President Donald Trump's outreach to Iran's top authority, Supreme leader Ayatollah Ali Khamenei, on a possible new nuclear deal is an effort to avoid military action, U.S. special envoy Steve Witkoff said on Sunday. Khamenei rejected the U.S. offer for …

New US sanctions target Iran’s oil supply chain amid Trump’s ‘maximum pressure’ push
1 month ago

New US sanctions target Iran’s oil supply chain amid Trump’s ‘maximum pressure’ push

Live Mint  

The U.S. is ratcheting up sanctions targeting Iran’s oil supply chain, continuing the Trump administration’s “maximum pressure" campaign to effectively blockade the country’s petroleum exports, the Treasury Department said. The sanctioned entities include oil brokers in the United Arab Emirates and Hong Kong, tanker operators and managers in China, and the head of Iran’s state-owned oil company. “The United States …

US imposes new sanctions on Chinese and Indian firms to ‘target Iran’s oil supply chain’
Trending News
1 month ago

US imposes new sanctions on Chinese and Indian firms to ‘target Iran’s oil supply chain’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Among those sanctioned are oil brokers in the United Arab Emirates and Hong Kong, …

US increases sanctions on Iranian oil trade amid Donald Trump's call to drive exports 'to zero'
1 month ago

US increases sanctions on Iranian oil trade amid Donald Trump's call to drive exports 'to zero'

Hindustan Times  

The US on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India, and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.S. and its allies. The US Treasury and the US State departments sanctioned more than 30 people and ships, including …

US imposes more sanctions on Iranian oil trade after Trump calls to drive exports ‘to zero’
1 month ago

US imposes more sanctions on Iranian oil trade after Trump calls to drive exports ‘to zero’

Associated Press  

WASHINGTON — The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.S. and its allies. The U.S. Treasury and the U.S. State departments sanctioned more than 30 people and …

US imposes more sanctions on Iranian oil trade after Trump calls to drive exports 'to zero'
Top News
1 month ago

US imposes more sanctions on Iranian oil trade after Trump calls to drive exports 'to zero'

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The U.S. Treasury and the U.S. State departments sanctioned …

Iran condemns new U.S. shipping-related sanctions
1 month, 2 weeks ago

Iran condemns new U.S. shipping-related sanctions

The Hindu  

Iran on Friday condemned Washington's move to impose shipping-related sanctions, saying it would prevent it from legitimate trading with partners, the official IRNA news agency reported. The U.S. Treasury said on Thursday it was imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China. They were the …

Iran dismisses talks with US as it blasts new sanctions
Trending News
1 month, 2 weeks ago

Iran dismisses talks with US as it blasts new sanctions

Al Jazeera  

Supreme Leader Ayatollah Ali Khamenei says ‘negotiating with America is neither smart, wise, or honourable’. Iran hit out at the United States for imposing new sanctions against its oil industry, as Supreme Leader Ayatollah Ali Khamenei warned against mooted talks with Washington. “The decision of the new US administration to exert pressure on the Iranian people by preventing Iran from …

US imposes sanctions on network that helps ship Iranian oil to China
1 month, 3 weeks ago

US imposes sanctions on network that helps ship Iranian oil to China

Associated Press  

WASHINGTON — The U.S. Department of Treasury on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian oil to China. “The Iranian regime remains focused on leveraging its oil revenues to fund the development of its nuclear program, to produce its deadly …

Trump administration imposes first Iran sanctions since taking office
1 month, 3 weeks ago

Trump administration imposes first Iran sanctions since taking office

Al Jazeera  

US penalties target Iran’s ‘oil network’ as Donald Trump pledges to bring back ‘maximum pressure’ against Tehran. Washington, DC – The United States has imposed the first batch of sanctions against Iran since Donald Trump’s return to the White House, as the president pushes to reimpose “maximum pressure” on Tehran. The US Treasury announced the sanctions on Thursday, saying that …

Where does Trump’s renewed ‘maximum pressure’ leave any Iran-US deal?
1 month, 3 weeks ago

Where does Trump’s renewed ‘maximum pressure’ leave any Iran-US deal?

Al Jazeera  

Trump says he wants Iran to prosper, but signed a presidential memorandum to pledge more action against Iran. Let’s take a look at the complex state of play almost seven years after Trump initially embarked on the path of “maximum pressure”, a policy that Tehran maintains has been a failure. Trump claimed on Tuesday that he was reluctant – for …

Trump orders ‘maximum economic pressure’ on Iran, seeks to cut oil exports to zero
1 month, 3 weeks ago

Trump orders ‘maximum economic pressure’ on Iran, seeks to cut oil exports to zero

Firstpost  

Trump’s memo, among other things, orders the U.S. Treasury secretary to impose ‘maximum economic pressure’ on Iran, including sanctions and enforcement mechanisms on those violating existing sanctions U.S. President Donald Trump on Tuesday restored his “maximum pressure” campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear …

Iran calls for OPEC to unite against potential US oil sanctions
Trending News
1 month, 3 weeks ago

Iran calls for OPEC to unite against potential US oil sanctions

Al Jazeera  

Iran’s President Masoud Pezeshkian urged OPEC members to unite against possible US sanctions on the major oil producer after US President Donald Trump said he would seek to drive Tehran’s oil exports to zero. ‘Destabilise oil and energy markets’ Trump first imposed the “maximum pressure” campaign on Iran during his first term after withdrawing from the Joint Comprehensive Plan of …

US targets Russia’s oil sector with ‘sweeping’ sanctions
2 months, 2 weeks ago

US targets Russia’s oil sector with ‘sweeping’ sanctions

Al Jazeera  

Ukrainian President Zelenskyy says he is confident sanctions will ‘significantly reduce Russia’s petrodollar income’. The United States has imposed “sweeping” sanctions on Russia’s energy sector as Washington pushes to choke Moscow’s funds for the war in Ukraine. “The United States is taking sweeping action against Russia’s key source of revenue for funding its brutal and illegal war against Ukraine,” US …

Iran Asks India To Resume Oil Trade, Relax Visas
2 months, 3 weeks ago

Iran Asks India To Resume Oil Trade, Relax Visas

ABP News  

The new Iranian administration under President Masoud Pezeshkian is planning to give a renewed push for resumption of oil trade with India even as Tehran is seeking expansion of people-to-people ties with New Delhi by way of visa relaxation, according to a senior Iranian official. We understand why India has to follow the sanctions but trade is falling year-on-year which …

How the Biden administration botched America’s sanctions against Iran
3 months, 1 week ago

How the Biden administration botched America’s sanctions against Iran

Live Mint  

A fortnight ago Iran aimed more than 180 ballistic missiles at Israel. In 2018, under Donald Trump, America unwisely withdrew from an agreement to stall Iran’s nuclear programme and then imposed its harshest sanctions ever, in an attempt to punish the regime and stop it funding proxies and terrorists abroad. America banned its citizens from trading with Iran or handling …

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump
3 months, 2 weeks ago

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump

Deccan Chronicle  

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House.Details of the possible new measures were still being worked out, but President Joe Biden’s team was considering restrictions that might target some Russian oil exports, according to …

US sanctions 35 entities & ships for transporting Iranian oil, including 2 Indian firms
3 months, 3 weeks ago

US sanctions 35 entities & ships for transporting Iranian oil, including 2 Indian firms

Firstpost  

Two Indian companies are among 35 entities and vessels sanctioned by the United States for transporting Iranian oil In the latest tranche of sanctions on Iran, the United States has imposed sanctions on 35 entities and ships for transporting Iranian oil. The firms sanctioned for transporting Iranian oil include two Indian firms as well. The Treasury said the two companies …

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers
3 months, 3 weeks ago

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers

Al Jazeera  

The latest US sanctions are part of an effort to disrupt Iran’s use of oil revenue to finance its nuclear programme. The United States has piled on additional sanctions against Iran targeting 35 entities and vessels that it says are part of a “shadow fleet of vessels” transporting cargoes of Iranian petroleum to foreign markets. The sanctions are similar to …

week high as Russia, Iran tensions support prices
4 months ago

week high as Russia, Iran tensions support prices

Live Mint  

* Iran to hold nuclear talks with European powers on Nov 29 * China's crude imports to rebound in Nov * India refining throughput up 3% year-on-year for Oct By Florence Tan SINGORE, - Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and …

Iran oil minister visits key site after Israeli threats
5 months, 3 weeks ago

Iran oil minister visits key site after Israeli threats

The Hindu  

Iranian Oil Minister Mohsen Paknejad visited an oil facility on Kharg Island on Sunday amid growing concerns over potential Israeli air strikes targeting such vital sites. Iran's Islamic Revolutionary Guard Corps said the 200 missiles were fired to avenge the death of Hezbollah leader Hassan Nasrallah and Iranian general Abbas Nilforoushan in a September 27 strike on Beirut. Mr. Paknejad …

Israel could bomb Iran’s oil. Energy markets are noting it but not panicking.
5 months, 3 weeks ago

Israel could bomb Iran’s oil. Energy markets are noting it but not panicking.

Politico  

“For those of us who spend our lives looking at the effects of a crisis on oil prices, obviously the past 10-plus years have been a complete washout,” said Michael Knights, an analyst at the think tank The Washington Institute for Near East Policy. Saudi Arabia, the United Arab Emirates, Libya and other oil producers have spare production capacity, which …

Oil prices rise after Iranian missile barrage on Israel
5 months, 3 weeks ago

Oil prices rise after Iranian missile barrage on Israel

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Oil prices have jumped in …

Iran's president urges U.S. to begin new era of relations with Tehran
6 months ago

Iran's president urges U.S. to begin new era of relations with Tehran

The Hindu  

Iranian President Masoud Pezeshkian urged the U.S. to begin a new era in its relations with Iran. While criticising the U.S. military presence in Iran’s neighbourhood, the U.S. sanctions against Iran, and the killing of Iranian top General Qassem Soleimani in 2020, Mr. Pezeshkian said during his speech at the U.N. General Assembly, “We can go beyond these limits and …

Iran’s new president is sworn in and pledges to keep trying to remove Western sanctions
7 months, 3 weeks ago

Iran’s new president is sworn in and pledges to keep trying to remove Western sanctions

Associated Press  

TEHRAN, Iran — Iran swore in the country’s new president on Tuesday, with the reformist politician and heart surgeon Masoud Pezeshkian pledging that his administration will keep trying to remove economic sanctions imposed by the West over Tehran’s controversial nuclear program. “I am optimistic about the future.” Iran’s supreme leader, Ayatollah Ali Khamenei, on Sunday officially endorsed Pezeshkian, urging him …

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military
9 months ago

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military

Associated Press  

WASHINGTON — The U.S. Treasury Department said Tuesday it is imposing economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military. Included in the sanctions are Seyyed Mohammad Mosanna’i Najibi, an Iranian-Turkish money-changer, 27 cover companies controlled by Najibi …

US sanctions ‘sprawling shadow banking network’ that helps Iran’s military
9 months ago

US sanctions ‘sprawling shadow banking network’ that helps Iran’s military

Al Jazeera  

Those sanctioned are involved in the sale of Iranian oil and petrochemicals, money that pays for weapons, proxy groups. The United States Department of the Treasury has announced economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that it claims have been acting as a “sprawling shadow banking network” for Iran’s …

Iran using Malaysian providers to bust oil sanctions: U.S. official
10 months, 2 weeks ago

Iran using Malaysian providers to bust oil sanctions: U.S. official

The Hindu  

Iran has relied on Malaysian service providers to get around international sanctions and sell its oil in the region, a senior U.S. Treasury official said on May 7. Tehran's oil sales in East Asia have financed its armed proxies, including Palestinian militant group Hamas and Yemen's Huthis, the official said on condition of anonymity. "Stopping these oil shipments will deal …

U.S. to impose fresh Iran sanctions after attack on Israel, expects allies to follow: White House
11 months, 1 week ago

U.S. to impose fresh Iran sanctions after attack on Israel, expects allies to follow: White House

The Hindu  

The United States said on April 16 it would soon impose new sanctions on Iran's missile and drone program after its weekend attack on Israel, and that it expects its allies and partners to follow with parallel measures. U.S. National Security Advisor Jake Sullivan's announcement came after Treasury Secretary Janet Yellen indicated punitive measures were in the works, and European …

US sanctions financial network tied to Iranian oil sales
1 year, 3 months ago

US sanctions financial network tied to Iranian oil sales

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. on Wednesday said …

America would struggle to break Iran’s oil-smuggling complex
1 year, 4 months ago

America would struggle to break Iran’s oil-smuggling complex

Hindustan Times  

In February, Dilro, an obscure company based in Dubai, bought the Ocean Kapal, an 18-year-old tanker. Although America retains harsh sanctions that target anyone helping to produce, ship or sell Iran’s petroleum, the superpower’s officials last year eased enforcement. Yet following Hamas’s attack on Israel on October 7th, the Biden administration has come under pressure to shut loopholes, as Iran …

As Israel's war against Hamas escalates, US sends a warning to Iran, raising fears of a recession
1 year, 5 months ago

As Israel's war against Hamas escalates, US sends a warning to Iran, raising fears of a recession

ABC  

As fears mount over Tehran's involvement in the Israel-Gaza conflict, the Biden administration has sent a clear message to Iran's regime: exercise caution. Iranian oil exports could take a hit While Iran is accused of supporting and funding terrorism, there's been a marked increase in Iranians protesting against the regime across Iranian cities, and many want the US to take …

US refuses to rule out tougher sanctions on Iran following ‘barbaric’ Hamas attack on Israel
1 year, 5 months ago

US refuses to rule out tougher sanctions on Iran following ‘barbaric’ Hamas attack on Israel

The Telegraph  

Initial US intelligence reports suggest Iranian leaders were surprised by the attacks, Reuters reported citing sources familiar with the reports. Republicans have criticised the Biden administration for not taking a tougher stance against Iran, even linking the prisoner swap deal to financing of the Hamas attack. She told reporters on the sidelines of an International Monetary Fund event in Marrakech: …

US confirms seizing Iranian oil cargo earlier this year
1 year, 6 months ago

US confirms seizing Iranian oil cargo earlier this year

Al Jazeera  

The Biden administration says it is seeking civil forfeiture of nearly one million barrels of seized Iranian oil. It said the oil is “the subject of a civil forfeiture action” after the shipping company operating the oil-carrying vessel, Suez Rajan Limited, pleaded guilty to conspiring to violate US sanctions. While the US views intercepting Iranian oil ships as law enforcement, …

Tanker believed to hold sanctioned Iran oil begins to be offloaded near Texas despite Tehran threats
1 year, 7 months ago

Tanker believed to hold sanctioned Iran oil begins to be offloaded near Texas despite Tehran threats

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An American-owned oil tanker …

Iran seizes second oil tanker in six days amid sanctions: US Navy
1 year, 10 months ago

Iran seizes second oil tanker in six days amid sanctions: US Navy

Hindustan Times  

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz early on Wednesday, the US Navy said, the second such incident in less than a week. The latest two incidents come after Tehran's Western rivals toughened sanctions on Iran's Islamic Revolutionary Guard Corps last week. The tanker, Niovi, was sailing from Dubai towards Fujairah, another port in the …

Why did Iran seize a US-bound oil tanker in the Gulf of Oman?
1 year, 10 months ago

Why did Iran seize a US-bound oil tanker in the Gulf of Oman?

Al Jazeera  

Neither side has acknowledged whether Iran’s capture of the Turkish-operated fuel tanker was a tit-for-tat move. Iran’s state television on Friday showed footage of the country’s navy commandos boarding the Marshall Islands-flagged tanker Advantage Sweet in a helicopter operation a day earlier. The Turkish-operated, Chinese-owned tanker entered the Gulf of Oman after moving through the Strait of Hormuz and was …

US sanctions 39 entities over alleged ‘shadow banking’ for Iran
2 years ago

US sanctions 39 entities over alleged ‘shadow banking’ for Iran

Al Jazeera  

US Treasury Department says 39 entities granted Iran access to the international financial system. The United States has imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran’s access to the global financial system, describing them as a “shadow banking” network that moves billions of dollars. The US Treasury …

US applies sanctions over Iran shadow banking, drone network
2 years ago

US applies sanctions over Iran shadow banking, drone network

Associated Press  

WASHINGTON — The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions. The Treasury Department said the companies — from Hong Kong to the United Arab Emirates — made up a “significant ‘shadow banking’ network” that gave cover to sanctioned Iranian …

US issues more Iran sanctions amid stalled diplomacy
2 years ago

US issues more Iran sanctions amid stalled diplomacy

Al Jazeera  

New measures target Iranian oil and petrochemical sales, as US says it is committed to reducing Iran’s energy exports. “The United States is committed to significantly reducing Iranian energy exports and will sanction those facilitating Iran’s petroleum and petrochemical trade,” the State Department said. “We will not hesitate to take action against those who try to circumvent our sanctions.” Iran …

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases
2 years, 5 months ago

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases

The Hindu  

In the first such move against oil shipments to India, the U.S. Treasury department announced it had imposed sanctions against a Mumbai based petrochemical company amongst several entities accused of selling Iranian petroleum products. “Today’s action targets Iranian brokers and several front companies in the UAE, Hong Kong, and India that have facilitated financial transfers and shipping of Iranian petroleum …

US sanctions traders of Iranian oil as nuclear talks stall
2 years, 5 months ago

US sanctions traders of Iranian oil as nuclear talks stall

Associated Press  

WASHINGTON — The U.S. on Thursday imposed sanctions on a group of firms it says have played a critical role in shipping sanctioned Iranian oil. The State Department designated two Chinese companies, and Treasury’s Office of Foreign Assets Control hit a network of companies based in Hong Kong, Iran, India and the United Arab Emirates. U.S. sanctions on Iran have …

With new sanctions, US vows to ‘severely restrict’ Iran oil sales
2 years, 5 months ago

With new sanctions, US vows to ‘severely restrict’ Iran oil sales

Al Jazeera  

The Biden administration explicitly links a fresh round of US sanctions to failure to restore the 2015 Iran nuclear agreement. Washington, DC – The Biden administration has announced a new round of sanctions against Iran, vowing to impose financial penalties on a “regular basis” in an effort to “severely restrict” Iranian oil and petrochemical exports. The administration of US President …

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms
2 years, 7 months ago

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms

Al Jazeera  

The United States Treasury Department continues to work to limit Iran’s ability to conduct oil sales to East Asia. The United States on Monday issued fresh sanctions on Iran, this time targeting Chinese and other companies it said were used by one of Iran‘s largest petrochemical brokers to facilitate the sale of tens of millions of dollars’ worth of Iranian …

Iran imposes sanctions on 61 Americans as nuclear talks hit impasse
2 years, 8 months ago

Iran imposes sanctions on 61 Americans as nuclear talks hit impasse

The Hindu  

Iran said on July 16, 2022 it had imposed sanctions on 61 more Americans, including former Secretary of State Mike Pompeo, for backing an Iranian dissident group, as months of talks to revive a 2015 nuclear deal are at an impasse. Others blacklisted by Iran's Foreign Ministry for voicing support for the exiled dissident group Mujahideen-e-Khalq included former President Donald …

Treasury sanctions Iranian petrochemical firms tied to Asia
2 years, 8 months ago

Treasury sanctions Iranian petrochemical firms tied to Asia

Associated Press  

WASHINGTON — The Treasury Department said Wednesday that it has sanctioned a group of front companies and individuals tied to the sale and shipment of Iranian petroleum and petrochemical products to East Asia. Treasury’s Office of Foreign Assets Control imposed the sanctions on several companies, including Iran-based Jam Petrochemical Co., which has exported hundreds of millions of dollars worth of …

US imposes new Iran sanctions amid efforts to revive nuclear deal
2 years, 8 months ago

US imposes new Iran sanctions amid efforts to revive nuclear deal

Al Jazeera  

US measures targeting Iranian petroleum and petrochemical sales come ahead of Joe Biden’s visit to the region next week. The new measures, revealed on Wednesday, target “an international network of individuals and entities” that the Department of the Treasury said facilitated the sale of US-sanctioned Iranian petroleum and petrochemical products to East Asia. “While the United States is committed to …

US targets Chinese, UAE companies in new Iran sanctions
2 years, 9 months ago

US targets Chinese, UAE companies in new Iran sanctions

Al Jazeera  

US official says absent return to nuclear deal, Washington will use sanctions to limit Iranian petrochemical exports. The United States has imposed sanctions on Chinese and Emirati companies, as well as a network of Iranian petrochemical producers, accusing them of helping to “evade sanctions” by supporting the sale of Iran’s petrochemical products abroad. “Absent a deal, we will continue to …

Iran says oil sales strong despite effect of Ukraine war
2 years, 9 months ago

Iran says oil sales strong despite effect of Ukraine war

Al Jazeera  

Iran’s petroleum ministry has said it won’t lose customers even as China buys more oil from Russia. Tehran, Iran – Iran says its oil sales have remained at relatively high levels despite changes brought on by the effects of the Ukraine war and the persistence of United States sanctions. Iran is now exporting more than one million barrels of crude …

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