The Biden administration imposed more Iran sanctions on Friday, targeting an individual and several companies the US accused of shipping Iranian oil. The Treasury Department alleges the shipments help fund Iran’s Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF).
The sanctions targeted an Omania national, two companies based in Oman, one based in Liberia, and another that runs out of Romania. “The IRGC-QF has been using revenue from Iranian petroleum sales to fund its malign activities,” Secretary of State Antony Blinken said in a statement.
Last month, The Wall Street Journal reported that the Biden administration was considering new sanctions that would target Iranian oils sales to China. Friday’s sanctions could be part of that effort. The Treasury Department said the entities that were targeted worked with the IRGC-QF to “facilitate shipments of Iranian oil to foreign customers, including buyers in East Asia.”
The sanctions are another sign that the Biden administration is not very serious about trying to revive the Iran nuclear deal, known as the JCPOA. Talks have been on hold since June 20th, but Iran’s new President Ebrahim Raisi has signaled he wants to continue them. While he’s considered a hardliner, Raisi has endorsed the idea of a JCPOA revival, but he might not be as patient with the US as his predecessor, especially as Washington is implementing even more sanctions.
5 thoughts on “US Sanctions Companies for Transporting Iranian Oil”
I guess the 2020 election campaign contributions from the Gas & Oil industry are starting to pay off.
The sanction option is the only the card the americans have left , they are certainly no good at winning wars are they.
Biden is a sociopath with dementia, but then again so is the entire US government. Iran is not a threat, never has been. All of this state terror directed at Iran is done so for the sake of Israel.
When a country which needs to import oil cannot get it from Iran or Libya it will have to buy from the remaining markets which increases the price of gas here which retards our recovery.
Comments are closed.