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)
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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.



Le Pen Makes New Threat to Withdraw Support for French Government

French far-right leader and member of parliament Marine Le Pen, President of the French far-right National Rally (Rassemblement National - RN) party parliamentary group, talks to journalists as she leaves after a meeting with the French Prime Minister to discuss the 2025 budget bill (PLF) at the Hotel Matignon in Paris, France, November 25, 2024. (Reuters)
French far-right leader and member of parliament Marine Le Pen, President of the French far-right National Rally (Rassemblement National - RN) party parliamentary group, talks to journalists as she leaves after a meeting with the French Prime Minister to discuss the 2025 budget bill (PLF) at the Hotel Matignon in Paris, France, November 25, 2024. (Reuters)
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Le Pen Makes New Threat to Withdraw Support for French Government

French far-right leader and member of parliament Marine Le Pen, President of the French far-right National Rally (Rassemblement National - RN) party parliamentary group, talks to journalists as she leaves after a meeting with the French Prime Minister to discuss the 2025 budget bill (PLF) at the Hotel Matignon in Paris, France, November 25, 2024. (Reuters)
French far-right leader and member of parliament Marine Le Pen, President of the French far-right National Rally (Rassemblement National - RN) party parliamentary group, talks to journalists as she leaves after a meeting with the French Prime Minister to discuss the 2025 budget bill (PLF) at the Hotel Matignon in Paris, France, November 25, 2024. (Reuters)

Far-right leader Marine Le Pen issued a new threat on Monday to withdraw support for France's coalition government in a no-confidence vote, after talks with Prime Minister Michel Barnier failed to satisfy her party's demands for budget concessions.

Le Pen said nothing had changed following the discussions, and that she was not optimistic a compromise on the belt-tightening 2025 budget bill could be reached.

"Nothing appears less certain," she told reporters.

The Senate was set to debate on Monday following its rejection by lawmakers in the National Assembly after revisions by lawmakers in the lower house.

Opposition parties are threatening to topple Barnier's government as it seeks approval for the budget, and his fragile coalition relies on her National Rally (RN) party for its survival.

The government is seeking to squeeze 60 billion euros ($62.85 billion) in savings through tax increases and spending cuts to reduce the deficit to 5% of economic output next year from over 6% this year.

National Rally has said it will support the efforts to oust the government if certain demands are not met. Le Pen said last week that the RN opposes increasing the tax burden on households, entrepreneurs or pensioners, and that so far these demands were not reflected in the budget bill.

LEGAL PROBLEMS

Le Pen's own political future is also under threat, with prosecutors seeking a mandatory five-year ban from politics for her alleged role in an embezzlement scheme. Le Pen denies the allegations.

Some analysts have suggested her legal problems may accelerate her plans to bring down the government,

Barnier's struggles to secure approval for the budget have fueled speculation he will invoke article 49.3 of the constitution, which allows the text to be adopted without a vote. Such a move could trigger a no-confidence motion against the government.

"It is true that we find very little quality in this budget and very little time for the government to try to increase its qualities and reduce its defects," Le Pen said.

Barnier was also due to meet other political leaders on Monday to seek a compromise on the budget bill. A final vote on the overall budget is scheduled for Dec. 12.