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US Treasury Imposes New Sanctions on Iranian Companies

The US Treasury building. (AFP)
The US Treasury building. (AFP)
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US Treasury Imposes New Sanctions on Iranian Companies

The US Treasury building. (AFP)
The US Treasury building. (AFP)

The United States imposed new sanctions Thursday on Iran-linked shipping and petrochemical companies, including two shipping firms based in China.

The sanctions also target 20 shipping vessels linked to firms in China, Vietnam, and the United Arab Emirates, the Treasury Department's website showed.

The sanctions were issued under a 2018 US executive order that restored sanctions targeting Iran's oil, banking, and transportation sectors.

The US sanctioned weeks ago nine entities across multiple jurisdictions that have played a critical role in the production, sale, and shipment of hundreds of millions of dollars worth of Iranian petrochemicals and petroleum to buyers in Asia.

These sanctions are the latest measure by the US President Joe Biden administration to limit the Iranian government's ability to earn money from the energy products subject to sanctions.

Meanwhile, the efforts to revive the Iranian nuclear deal remain stalled, while Iran continues to provide Russia with drones to use in its invasion of Ukraine.

Iran is increasingly turning to buyers in East Asia to sell its petrochemical and petroleum products, in violation of US sanctions, said Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence.

“The United States remains focused on targeting Tehran’s sources of illicit revenue and will continue to enforce its sanctions against those who wittingly facilitate this trade,” he added.

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‘Bomb Cyclone' Knocks Out Power to Over 600,000 Across Northwest US, Killing 1

A low pressure storm system known as a "bomb cyclone" forms off the coast of the US Pacific Northwest and western Canada in a composite satellite image November 19, 2024. CIRA/NOAA/Handout via REUTERS
A low pressure storm system known as a "bomb cyclone" forms off the coast of the US Pacific Northwest and western Canada in a composite satellite image November 19, 2024. CIRA/NOAA/Handout via REUTERS
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‘Bomb Cyclone' Knocks Out Power to Over 600,000 Across Northwest US, Killing 1

A low pressure storm system known as a "bomb cyclone" forms off the coast of the US Pacific Northwest and western Canada in a composite satellite image November 19, 2024. CIRA/NOAA/Handout via REUTERS
A low pressure storm system known as a "bomb cyclone" forms off the coast of the US Pacific Northwest and western Canada in a composite satellite image November 19, 2024. CIRA/NOAA/Handout via REUTERS

A major storm swept across the northwest US Tuesday evening, battering the region with strong winds and rain and causing widespread power outages and downed trees that killed at least one person, The Associated Press reported.

The Weather Prediction Center issued excessive rainfall risks through Friday and hurricane-force wind warnings were in effect as the strongest atmospheric river — a large plume of moisture — that California and the Pacific Northwest has seen this season overwhelms the region. The storm system is considered a “bomb cyclone,” which occurs when a cyclone intensifies rapidly.

Downed trees struck homes and littered roads across northwest Washington. In Lynnwood, Washington, a woman died Tuesday night when a large tree fell on a homeless encampment, South County Fire said in a statement on X. In Seattle, a tree fell onto a vehicle, temporarily trapping a person inside, the Seattle Fire Department reported. The agency later said the individual was in stable condition.
“Trees are coming down all over the city & falling onto homes,” the fire department in Bellevue, about 10 miles (16 kilometers) east of Seattle, posted on the social platform X. "If you can, go to the lowest floor and stay away from windows. Do not go outside if you can avoid it."
Early Wednesday, over 600,000 houses in Washington State were reported to be without power on poweroutage.us. But the number of outage reports fluctuated wildly throughout the evening likely due in part to several weather and utility agencies struggling to report information on the storm because of internet outages and other technical problems. It wasn’t clear if that figure was accurate. More than 15,000 had lost power in Oregon and nearly 19,000 in California.
As of 8 p.m., the peak wind speed was in Canadian waters, where gusts of 101 mph (163 kph) were reported off the coast of Vancouver Island, according to the National Weather Service in Seattle. Along the Oregon coast, there were wind gusts as high at 79 mph (127 kph) Tuesday evening, according to the National Weather Service in Medford, Oregon, while wind speed of 77 mph (124 kph) was recorded at Mount Rainier in Washington.
Winds were expected to increase in western Washington throughout the evening, the weather service said.
The national Weather Service warned people on the West Coast about the danger of trees during high winds, posting on X, “Stay safe by avoiding exterior rooms and windows and by using caution when driving.”
In northern California, flood and high wind watches were in effect, with up to 8 inches (20 centimeters) of rain predicted for parts of the San Francisco Bay Area, North Coast and Sacramento Valley. Dangerous flash flooding, rock slides and debris flows were expected, according to the National Weather Service Weather Prediction Center.
A winter storm watch was issued for the northern Sierra Nevada above 3,500 feet (1,066 meters), where 15 inches (28 centimeters) of snow was possible over two days. Wind gusts could top 75 mph (120 kph) in mountain areas, forecasters said.
The National Weather Service issued a flood watch for parts of southwestern Oregon through Friday evening, while rough winds and seas halted a ferry route in northwestern Washington between Port Townsend and Coupeville.
A blizzard warning was issued for the majority of the Cascades in Washington, including Mount Rainier National Park, starting Tuesday afternoon, with up to a foot of snow and wind gusts up to 60 mph (97 kph), according to the weather service in Seattle. Travel across passes could be difficult if not impossible.