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Biden administration announces new sanctions targeting Iran's illegal oil network

Last week, the latest sanctions were taken due to the failure of the latest efforts to revive Iran's nucleartrade.

"The United States has designated 15 individuals and groups engaged in the illegal sale and shipment of Iran's oil, petroleum products, and petrochemical products. These groups are Iran. , Vietnam, Singapore, the United Arab Emirates (UAE) and Hong Kong are supporting Iran's energy trade and generating millions of dollars worth of illegal income. "

Sanctions have been implemented by both the Department of State and the Ministry of Finance.

"The United States has promised to reach an agreement with Iran calling for a mutual return to compliance with the Joint Comprehensive Action Plan, but all to implement sanctions for the sale of Iran. Petroleum and petrochemicals that continue to use their authorities. "

Brinken stated that the three Iran-based entities licensed by the State Department include: Persian Gulf Star Oil Company is the largest producer of gas condensate in Iran. East Ocean Rashin Shipping Co. Ltd., a port agency and freight carrier for Iran's petroleum and petrochemical products.

"The United States has sincerely and steadily pursued a meaningful diplomatic path to achieve a mutual return to full implementation of the Joint Comprehensive Action Plan (JCPOA). We could not show a similar commitment to that path. Unless there is a change in course from Iran, we will continue to use sanctions authorities to petroleum, petroleum products, and petrochemical products from Iran. For exports. "