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US imposes new Iran sanctions in efforts to revive nuclear trade | Oil and gas news

US measures aimed at selling Iran’s petroleum and petrochemicals precede Joe Biden’s visit to the region next week.

The Biden administration has announced a new round of ongoing Iran-related sanctions Diplomatic efforts Revive the 2015 nuclear agreement with Tehran.

The new measures revealed on Wednesday target an “international network of individuals and groups” that the Ministry of Finance has stated has promoted the sale of US-approved Iranian petroleum and petrochemicals to East Asia.

Sanctions will be imposed a few days after US and Iranian diplomats have made indirect rounds. Parley in Qatar A multilateral agreement that saw Iran reduce its nuclear program in exchange for lifting sanctions on the economy in an attempt to restore the Joint Comprehensive Plan of Action (JCPOA).

“The United States is working to achieve it, Agreement With Iran calling for a reciprocal return to compliance with the Joint Comprehensive Plan of Action, we will continue to leverage all authorities to enforce sanctions on the sale of Iran’s petroleum and petrochemical products. Nelson said in a statement.

Wednesday’s actions were imposed on several individuals and businesses based in Iran. United Arab Emirates Hong Kong then accused the United States of supporting “delivery and sale of hundreds of millions of dollars worth of Iranian oil and petrochemicals from Iranian companies to East Asia.”

Sanctions freeze the assets of companies in the United States, disconnect them from the US financial system, and prohibit Americans from doing business with them.

The US State Department also issued its own Iran-related sanctions on Wednesday for entities based in Iran, Vietnam and Singapore.

“The United States has sincerely and steadily pursued a meaningful diplomatic path to achieve a mutual return to full implementation of the Joint Comprehensive Plan of Action (JCPOA),” Secretary of State said. Antony Blinken Said in a statement.

“Until now, it was Iran that could not show a similar commitment to that path, to target the export of petroleum, petroleum products, and petrochemicals from Iran unless there was a diversion from Iran. Will continue to use sanctions authorities. “

Former US President Donald Trump withdrew from the agreement in 2018 and launched a “maximum pressure” campaign on sanctions against Iran.Next, the Iranian government began to escalate its nuclear program far beyond the limits set. By JCPOA..

President Joe Biden and his top aides have said they have promised to revive the deal through mutual compliance, but they continue to enforce Trump sanctions. And add Dozens of myself.

As Biden Get ready to visit Israel and Saudi Arabia have dimmed prospects to revive the deal with Iran next week, and U.S. officials have warned that as Tehran gains irreversible nuclear expertise, the window to bail out the deal will close. ..

A few rounds Parley in Vienna, Since April 2021, we have not been able to secure a return to JCPOA. Negotiations were on the ice for months before reopening in Qatar last week.

Tehran has accused Washington of refusing to revoke the sanctions because it has so far failed to reach an agreement.

Iran’s Foreign Minister Josep Borrell Fonti said on Twitter Tuesday after a call with European Union Foreign Policy Officer Josep Borrell, “Agreements are only possible on the basis of mutual understanding and interests.” Said.

“We are ready to negotiate a strong and lasting agreement. The United States must decide whether to want a deal or insist on sticking to one-sided demands.”

https://www.aljazeera.com/news/2022/7/6/us-imposes-new-iran-sanctions-amid-efforts-to-revive-nuclear-deal US imposes new Iran sanctions in efforts to revive nuclear trade | Oil and gas news

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