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.



Russia's Lavrov Warns against Any New US Strike on Iran

FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo
FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo
TT

Russia's Lavrov Warns against Any New US Strike on Iran

FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo
FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo

Russian Foreign Minister Sergei Lavrov, in ‌an interview made public on Wednesday, said that any new US strike on Iran would have serious consequences and called for restraint to find a solution to enable Iran to pursue a peaceful nuclear program.

Lavrov's interview with Saudi Arabia's Al-Arabiya television was aired a day after US and Iranian negotiators held indirect talks in Geneva to head off a new mounting crisis between Washington and Tehran, Reuters said.

"The consequences are not good. There have already been strikes on Iran on ‌nuclear sites ‌under the control of the International Atomic ‌Energy ⁠Agency. From what ⁠we can judge there were real risks of a nuclear incident," Lavrov said in the interview, which was posted on his ministry's website.

"I am carefully watching reactions in the region from Arab countries, Gulf monarchies. No one wants an increase in tension. Everyone understands this is playing with fire."

Boosting ⁠tensions, he said, could undo the ‌positive steps of recent years, including ‌improved relations between Iran and nearby countries, notably Saudi Arabia.

A senior ‌US official told Reuters on Wednesday that Iran was ‌expected to submit a written proposal on how to resolve its standoff with the United States after the talks in Geneva.

US national security advisers met in the White House on Wednesday and ‌were told all US military forces deployed to the region should be in place ⁠by mid-March, ⁠the official said.

The United States wants Iran to give up its nuclear program, and Iran has adamantly refused and denied it is trying to develop an atomic weapon.

Lavrov said Arab countries were sending signals to Washington "clearly calling for restraint and a search for an agreement that will not infringe on Iran's lawful rights and ... guarantee that Iran has a purely peaceful nuclear enrichment program".

Russia, he said, remained in close, regular contact with Iran's leaders "and we have no reason to doubt that Iran sincerely wants to resolve this problem on the basis of observing the Nuclear Non-Proliferation Treaty".


AI Cannot Be Left to 'Whims of a Few Billionaires', UN Chief Says

India's Prime Minister Narendra Modi speaks with United Nations Secretary-General Antonio Guterres during a welcoming ceremony at AI Impact Summit, in New Delhi, India, February 18, 2026. India's Press Information Bureau/Handout via REUTERS
India's Prime Minister Narendra Modi speaks with United Nations Secretary-General Antonio Guterres during a welcoming ceremony at AI Impact Summit, in New Delhi, India, February 18, 2026. India's Press Information Bureau/Handout via REUTERS
TT

AI Cannot Be Left to 'Whims of a Few Billionaires', UN Chief Says

India's Prime Minister Narendra Modi speaks with United Nations Secretary-General Antonio Guterres during a welcoming ceremony at AI Impact Summit, in New Delhi, India, February 18, 2026. India's Press Information Bureau/Handout via REUTERS
India's Prime Minister Narendra Modi speaks with United Nations Secretary-General Antonio Guterres during a welcoming ceremony at AI Impact Summit, in New Delhi, India, February 18, 2026. India's Press Information Bureau/Handout via REUTERS

UN chief Antonio Guterres warned technology leaders Thursday of the risks of artificial intelligence, saying its future cannot be left to "the whims of a few billionaires".

Speaking at a global AI summit in India, the UN chief called on tech tycoons to support a $3 billion global fund to ensure open access to the fast-advancing technology for all.

"AI must belong to everyone," he said.

"The future of AI cannot be decided by a handful of countries -- or left to the whims of a few billionaires," he added, warning the world risked deepening inequality unless urgent steps were taken.

"Done right, AI can... accelerate breakthroughs in medicine, expand learning opportunities, strengthen food security, bolster climate action and disaster preparedness and improve access to vital public services," he said.

"But it can also deepen inequality, amplify bias and fuel harm."

The UN has set up an AI scientific advisory body to help countries make decisions about the revolutionary technology.

Guterres warned that people must be protected from exploitation, and that "no child should be a test subject for unregulated AI".

He pressed for global guardrails to ensure oversight and accountability, and the creation of "Global Fund on AI" to build basic capacity.

"Our target is $3 billion," he told the conference, which includes national leaders as well as tech CEOs, including Sam Altman of OpenAI and Google's Sundar Pichai.

"That's less than one percent of the annual revenue of a single tech company. A small price for AI diffusion that benefits all, including the businesses building AI."

Without investment, "many countries will be logged out of the AI age", exacerbating global divides, he said.

He also cautioned that as AI's energy and water demands soar, data centers must switch to clean power, rather than "shift costs to vulnerable communities".


US Military Tells Trump It's ‘Ready’ to Strike Iran as Soon as Saturday

A shot showing personnel preparations aboard the US aircraft carrier "Gerald Ford" (US Navy)
A shot showing personnel preparations aboard the US aircraft carrier "Gerald Ford" (US Navy)
TT

US Military Tells Trump It's ‘Ready’ to Strike Iran as Soon as Saturday

A shot showing personnel preparations aboard the US aircraft carrier "Gerald Ford" (US Navy)
A shot showing personnel preparations aboard the US aircraft carrier "Gerald Ford" (US Navy)

Top national security officials have told US President Donald Trump the military is ready for potential strikes on Iran as soon as Saturday, but the timeline for any action is likely to extend beyond this weekend, sources familiar with the discussions told CBS News.

Trump has not yet made a final decision about whether to strike, said the officials, who spoke under condition of anonymity to discuss sensitive national matters.

The conversations have been described as fluid and ongoing, as the White House weighs the risks of escalation and the political and military consequences of restraint, added CBS.

Over the next three days, the Pentagon is moving some personnel temporarily out of the Middle East region — primarily to Europe or back to the United States — ahead of potential action or counterattacks by Iran if the US were to move ahead with its operation, according to multiple officials.

It's standard practice for the Pentagon to shift assets and personnel ahead of a potential US military activity and doesn't necessarily signal an attack on Iran is imminent, one of the sources told CBS.

Contacted by CBS News on Wednesday afternoon, a Pentagon spokesperson said they had no information to provide.

Iran was discussed in the White House Situation Room on Wednesday, a US official and a senior military official told CBS News. All military forces deployed to the region are expected to be in place by mid-March.

Axios had also said that a war between the United States and Iran is looming — and there are several factors suggesting President Trump might push the button soon.

On Wednesday, Iran's top diplomat Abbas Araghchi said that Tehran was "drafting" a framework for future talks with the United States, as the US energy secretary said Washington would stop Iran's nuclear ambitions "one way or another".