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.



North Korea's Kim Vows to Exponentially Boost Nuclear Arsenal

09 September 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 10 September 2024, shows North Korean leader Kim Jong-un delivering a speech to celebrate the National Foundation Day of the Democratic People's Republic of Korea, as the country is officially known. Photo: -/kcna/kns/dpa
09 September 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 10 September 2024, shows North Korean leader Kim Jong-un delivering a speech to celebrate the National Foundation Day of the Democratic People's Republic of Korea, as the country is officially known. Photo: -/kcna/kns/dpa
TT

North Korea's Kim Vows to Exponentially Boost Nuclear Arsenal

09 September 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 10 September 2024, shows North Korean leader Kim Jong-un delivering a speech to celebrate the National Foundation Day of the Democratic People's Republic of Korea, as the country is officially known. Photo: -/kcna/kns/dpa
09 September 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 10 September 2024, shows North Korean leader Kim Jong-un delivering a speech to celebrate the National Foundation Day of the Democratic People's Republic of Korea, as the country is officially known. Photo: -/kcna/kns/dpa

North Korean leader Kim Jong Un said the country is now implementing a nuclear force construction policy to increase the number of nuclear weapons "exponentially,” state media KCNA reported on Tuesday.

In a speech on North Korea's founding anniversary on Monday, Kim said the country must more thoroughly prepare its "nuclear capability and its readiness to use it properly at any given time in ensuring the security rights of the state,” said KCNA.
A strong military presence is needed to face "the various threats posed by the United States and its followers,” he added, according to Reuters.
Kim also said North Korea is facing a "grave threat" from what it sees as a US-led nuclear-based military bloc in the region.
South Korea's deputy defense minister for policy, Cho Chang-rae, and his US and Japanese counterparts on Tuesday condemned Pyongyang's recent diversification of nuclear delivery systems, tests and launches of multiple ballistic missiles.
Meeting in Seoul, the three reaffirmed a commitment to strengthen trilateral cooperation to ensure peace in the region, including by deterring North Korea's nuclear and missile threats, according to a joint statement released by the US State Department.
They also agreed to hold a second trilateral military exercise known as Freedom Edge in the near term.
South Korea will also hold a defense ministerial meeting with the member states of the United Nations Command (UNC) on Tuesday.
The UNC is led by the commander of the US military stationed in South Korea.
Last month, Germany became the latest to join the UNC in South Korea that helps police the heavily fortified border with North Korea and has committed to defend the South in the event of a war.
North Korea has criticized the UNC as an "illegal war organization" and Germany's entry into the US-led UN border monitoring force as raising tensions.