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US Issues Fresh Iran-Related Sanctions Targeting State Oil Sector

US Treasury Secretary Steven Mnuchin. (Reuters)
US Treasury Secretary Steven Mnuchin. (Reuters)
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US Issues Fresh Iran-Related Sanctions Targeting State Oil Sector

US Treasury Secretary Steven Mnuchin. (Reuters)
US Treasury Secretary Steven Mnuchin. (Reuters)

The United States on Monday imposed fresh Iran-related sanctions targeting the country’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest action to increase pressure on Tehran.

The US Treasury Department in a statement said it was slapping sanctions on key actors in Iran’s oil sector for supporting the Quds Force, the foreign paramilitary and espionage arm of the Revolutionary Guard Corps blacklisted by the United States.

“The regime in Iran uses the petroleum sector to fund the destabilizing activities of the IRGC-QF,” Treasury Secretary Steven Mnuchin said in the statement.

Tensions between Washington and Tehran have soared since Trump unilaterally withdrew in 2018 from the Iran nuclear deal struck by his predecessor President Barack Obama and began reimposing US sanctions that had been eased under the accord.

The minister of petroleum, the National Iranian Oil Company (NIOC) and National Iranian Tanker Company were also blacklisted alongside other individuals and entities in Washington’s move on Monday, which freezes any US assets of those blacklisted and generally bars Americans from dealing with them.

The Treasury also imposed sanctions on Mahmoud Madanipour and United Arab Emirates-based Mobin International Limited, accusing them of entering into an agreement with Venezuelan state-owned Petroleos de Venezuela (PDVSA) to ship gasoline obtained from NIOC to the government of Venezuelan President Nicolas Maduro.

The British-based companies of Madanipour, Mobin Holding Limited and Oman Fuel Trading Ltd were also blacklisted.

Mobin International and Oman Fuel have said they were the owners of the cargo aboard several tankers confiscated by US authorities in August.

The US Justice Department said the cargo was destined for Venezuela, whose oil industry is also under US sanctions, but the companies denied in court filings that Venezuela was the destination.

Iran has sent two other flotillas carrying fuel to gasoline-short Venezuela, and they entered the South American country without US interference.

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Spanish Flood-Hit Towns Brace for Another Storm

A bulldozer removes damaged cars in the flood-hit municipality of Paiporta, province of Valencia, Spain, 12 November 2024. (EPA)
A bulldozer removes damaged cars in the flood-hit municipality of Paiporta, province of Valencia, Spain, 12 November 2024. (EPA)
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Spanish Flood-Hit Towns Brace for Another Storm

A bulldozer removes damaged cars in the flood-hit municipality of Paiporta, province of Valencia, Spain, 12 November 2024. (EPA)
A bulldozer removes damaged cars in the flood-hit municipality of Paiporta, province of Valencia, Spain, 12 November 2024. (EPA)

Flood-hit towns near the eastern city of Valencia were rushing on Tuesday to clear the sewage system of mud and debris, pile sandbags and cancel school classes as they prepared for another approaching storm.

Two weeks after the worst floods in Spain's modern history killed more than 200 people, national weather service AEMET issued an orange alert, the second-highest, for strong or torrential rains expected on Wednesday in the same area.

AEMET forecasts as much as 120 mm (4.7 inches) of rain in 12 hours. While the storm is not expected to be as powerful, it could be devastating for the towns that are still recovering.

The impact of the rain could be severe because of the quantities of mud already on the ground and because of the condition of the sewage system, Rosa Tauris, a spokesperson for Valencia's emergency committee, told reporters.

Thousands of workers are cleaning buildings while removing the mud that accumulated on roads and sidewalks and clogged the sewage pipes and drains in towns and suburbs around Valencia.

The emergency committee issued a special warning requesting that municipalities and organizations take preventive measures, including closing schools.

Tauris recommended citizens work remotely when possible, avoid non-essential travel and follow emergency services' updates.

The town council of Chiva, one of the worst-hit sites, cancelled classes and sports activities, while in nearby Aldaia, workers piled up sandbags to protect the town.

"We are placing sandbags to replace the floodgates that the previous floods tore down," municipal worker Antonio Ojeda said, hoping this would prevent the Saleta ravine from overflowing again.

They are also cleaning the ditches and drains that are obstructed with trees, tires and car parts.

On Monday, 10,000 tons of furniture, appliances and clothing were removed, almost as much waste as Valencia disposes of in a year.

Valencian authorities suspended classes and activities at recreational centers in the flood-hit suburbs, advising volunteers who flocked to the area to help clean up to avoid travel.

The AEMET's weather alerts cover much of the Mediterranean coast of Catalonia, Valencia and Andalusia and the Balearic Islands.