Washington Imposes New Sanctions on Iran’s Petroleum Sales

US Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson. (US Treasury)
US Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson. (US Treasury)
TT

Washington Imposes New Sanctions on Iran’s Petroleum Sales

US Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson. (US Treasury)
US Treasury's Under Secretary for Terrorism and Financial Intelligence Brian Nelson. (US Treasury)

The United States on Thursday imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.

“So long as Iran refuses a mutual return to full implementation of the Joint Comprehensive Plan of Action (JCPOA), the US 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.

Washington warned that it would continue to accelerate enforcement of sanctions on Iran's petroleum and petrochemical sales so long as Tehran continues to accelerate its nuclear program.

Anyone involved in such sales and transactions should stop immediately if they wish to avoid being subjected to US sanctions, he said.

The US Treasury Department also slapped sanctions on a network of companies involved in what it said was the sale of hundreds of millions of dollars worth of Iranian petrochemical and petroleum products to South and East Asia.

The action targeted Iranian brokers and front companies in the United Arab Emirates, Hong Kong and India, the Treasury said.

These sanctions are expected to be part a broader plan to step up sanctions on Tehran in coming weeks, as the prospects of reviving the nuclear pact have dimmed.

The US sanctions include Iran’s oil sector and countries that are involve in oil trade with Tehran. However, some countries like China were able to evade these sanctions by hiding the source of its oil imports.

Separately, the Biden administration’s negotiations with Iran over a revamped version of the 2015 nuclear deal have hit a dead end, jeopardizing the likelihood of a new agreement, senior US officials informed Congress during a classified briefing.

“Two weeks ago, they thought they had a deal, and now they know they don’t have a deal, and are stymied about how they get to a deal because they’ve negotiated all there was to negotiate, and, at the end of the day, Iran doesn’t want the deal that was negotiated,” Rep. Darrell Issa told the Washington Free Beacon.

“We’ve negotiated for a year and a half through our good friend and honest broker Russia and we got the same thing that we should have expected, which is, they want a better deal than they had before, and if you don’t give them a better deal, then they don’t want a deal,” Issa added. “They’re basically on the eve of getting a nuclear weapon and don’t want to be talked out of it.”

State Department spokesman Ned Price confirmed earlier this week that negotiations with Iran “are not in a healthy place right now.”

“We’ve made clear that while we have been sincere and steadfast in our efforts to see to it that Iran is once again permanently and verifiably barred from a nuclear weapon, we haven’t seen the Iranian government make the decision that it would need to make if it were to commit to a mutual return to compliance with the nuclear deal,” Price said.

Some lawmakers accuse the administration of issuing contradictive statements in this regard despite reaching a dead end.

Sources in the Congress told Asharq Al-Awsat that Democrats and Republicans are pressuring the White House to announce a stop to negotiations, amid protests over the death of a woman in police custody.

They affirmed that taking a firm stance in this issue will be considered a clear support for Iranian protesters, especially if it coincides with lifting sanctions on Tehran and allowing it to have access to funds it will use to support terrorism in Tehran and abroad.

Issa said that Iranians wanted concessions to their terrorism-linked sanctions, which is a demand neither Republicans nor Democrats will allow.



Strikes Hit Iran’s Island of Qeshm

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan.(AFPTV/AFP)
This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan.(AFPTV/AFP)
TT

Strikes Hit Iran’s Island of Qeshm

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan.(AFPTV/AFP)
This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan.(AFPTV/AFP)

Projectiles hit Iran's Gulf island of Qeshm near the Strait of Hormuz on Tuesday, Iran's state broadcaster reported, citing local officials who blamed the United States.

"At 19:00, a location on Qeshm Island was struck by projectiles from the American enemy," Hormozgan governor's office said, according to IRIB.

Fars news agency earlier reported that explosions were heard on the island, amid renewed hostilities between the US and Iran.

"Around 6:45 pm, the sound of several explosions was heard on Qeshm Island," Fars said. "In recent days, the Masan area of Qeshm has been attacked several times by the American enemy".

It comes after the US launched a fresh wave of strikes on Iran and Trump vowed to reimpose a naval blockade on Iran, prompting Tehran to respond with strikes on targets in countries around the region.

The US military earlier said it had hit targets across Iran including in the port cities of Bushehr and Bandar Abbas to "degrade Iran's ability to attack commercial shipping".

Iran hit two ships in the Strait of Hormuz, killing a crew member, according to the United Arab Emirates.

A Norwegian tanker was also hit by an explosion caused by an unidentified device off the Omani coast early Tuesday, the crisis response company MTI Network said.


Return to US-Iran Hostilities Is Huge Setback for Civilians, UN Rights Chief Says

An aircraft prepares to land aboard the USS George H.W. Bush, at an unknown location, released July 14, 2026, in this still image taken from a handout video. US Central Command (CENTCOM)/Handout via Reuters
An aircraft prepares to land aboard the USS George H.W. Bush, at an unknown location, released July 14, 2026, in this still image taken from a handout video. US Central Command (CENTCOM)/Handout via Reuters
TT

Return to US-Iran Hostilities Is Huge Setback for Civilians, UN Rights Chief Says

An aircraft prepares to land aboard the USS George H.W. Bush, at an unknown location, released July 14, 2026, in this still image taken from a handout video. US Central Command (CENTCOM)/Handout via Reuters
An aircraft prepares to land aboard the USS George H.W. Bush, at an unknown location, released July 14, 2026, in this still image taken from a handout video. US Central Command (CENTCOM)/Handout via Reuters

The United Nations human rights chief said on Tuesday the resumption of hostilities between the United States and ‌Iran was ‌a huge ‌setback ⁠for civilians in ⁠the region, and he urged restraint.

"The return to wider hostilities in the ⁠Middle East ‌between the ‌US and Iran ‌is a huge ‌setback for civilians in the region and beyond. It undermines ‌peace efforts and deepens instability, with grave ⁠risks ⁠for human rights across the entire region," the UN high commissioner for human rights Volker Turk said in a statement.

Iran fired missiles at Jordan and Bahrain on Tuesday after the United States launched a five-hour attack on Iranian targets, stepping up a battle for control of the Strait of Hormuz that has pushed up oil prices to four-week highs.

US forces carried out waves of attacks for the third night in a row after Tehran said it had closed the strait, prompting US President Donald Trump to reinstate a blockade of Iranian shipping.

Iran hit back by attacking a Jordan with ballistic missiles while Bahrain said it had fended off an Iranian aerial attack. Jordan said it had shot down four ballistic missiles and explosions were heard in Manama, Bahrain's capital.

The worsening attacks have increased doubts that a memorandum of understanding signed last month will lead to a permanent halt in the war, which has disrupted global energy supplies and raised fears of a rise in inflation globally.


Netanyahu Says Israel Will Deliver ‘Decisive Blow’ if Iran Attacks

Israeli Prime Minister Benjamin Netanyahu looks on during a ceremony marking the 50th anniversary of Operation Entebbe at the President's Residence in Jerusalem, July 12, 2026. (Reuters)
Israeli Prime Minister Benjamin Netanyahu looks on during a ceremony marking the 50th anniversary of Operation Entebbe at the President's Residence in Jerusalem, July 12, 2026. (Reuters)
TT

Netanyahu Says Israel Will Deliver ‘Decisive Blow’ if Iran Attacks

Israeli Prime Minister Benjamin Netanyahu looks on during a ceremony marking the 50th anniversary of Operation Entebbe at the President's Residence in Jerusalem, July 12, 2026. (Reuters)
Israeli Prime Minister Benjamin Netanyahu looks on during a ceremony marking the 50th anniversary of Operation Entebbe at the President's Residence in Jerusalem, July 12, 2026. (Reuters)

Israeli Prime Minister Benjamin Netanyahu vowed Tuesday to strike powerfully against Iran if it staged a new attack on his country.

"I will say it to the leaders of Iran: Do not count on things remaining quiet if you attack us," Netanyahu said at a conference in Dimona.

The southern town hosts a facility officially dedicated to nuclear research but is widely believed to house Israel's undeclared nuclear arsenal.

"The days are over when someone strikes us and we don't hit back with a decisive blow," Netanyahu added.

He said the strikes would be more powerful than the ones carried out jointly with key ally the United States earlier this year.

"Do not count on a rerun," Netanyahu said, referring to the previous attacks on Iran, according to a video released by his office.

"Because it will not be a rerun, and that was already powerful enough. This will be a different event, much more powerful."

Netanyahu's threat came amid new US strikes on Iran and as US President Donald Trump vowed to reimpose a blockade on Iranian ports.

US strikes on Tuesday also hit the Iranian port city of Bushehr, which hosts Tehran's only civilian nuclear plant.

In retaliation to US strikes that began three days ago, Iran has launched missiles targeting US allies in the region.