United States tightens sanctions on the Iranian oil sector

29 Octobre, 2020, 01:08 | Auteur: Anatole Charbonneau
  • United States tightens sanctions on the Iranian oil sector

The U.S. Justice Department said the cargo was destined for Venezuela, whose oil industry is also under U.S. sanctions, but the companies denied in court filings that Venezuela was the destination.

Some of the entities in the list are Iranian Ministry of Petroleum, the National Iranian Tanker Company and the National Iranian Oil Company.

US Treasury Secretary Stephen Mnuchin said in a statement Iran The oil sector is being used to finance destabilizing activities of the Quds Force.

"Iran's oil industry will not be hamstrung", he wrote on Twitter, criticizing United States unilateralism.

Iran's oil minister, Bijan Zanganeh, who was among the officials targeted by the Treasury Department on Monday, dismissed the action in a tweet as "a failure of Washington's policy of reducing oil exports to zero".

Iranian Petroleum Minister Bijan Zanganeh additionally deemed additional USA sanctions a futile measure in response to the newest measures.

"I sacrifice my life, property and fame in Iran", he wrote.

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In a quick response to Monday's move, Iranian Foreign Minister Mohammad Javad Zarif tweeted that "time for the U.S. to finally admit it is a #SanctionAddict".

Behnam Bin Taliblo, an analyst at the Foundation for Defense of Democracies, a group close to the Trump administration that is pushing for hardening with Iran, suggested that the impact of these sanctions, even at this late stage of Trump's term, would remain in place until after the presidential elections.

The US sanctioned Iranian oil exports first in May 2018 after it unilaterally withdrew from the Iran Nuclear Deal signed by the Barack Obama administration in 2015.

The Treasury Department said that a network backed by the Quds Force shipped more than one dozen tankers of oil in spring 2019 - mostly to Syria, where Iran is a top backer of President Bashar Assad, as he emerges from a brutal civil war.

The Treasury also imposed sanctions on Mahmoud Madanipour and United Arab Emirates-based Mobin International Limited, accusing them of entering into an agreement with Venezuelan state-owned Petroleos de Venezuela (PDVSA) to ship gasoline obtained from NIOC to the government of Venezuelan President Nicolas Maduro.

These were the details of the news America imposes new sanctions on Iran targeting its oil sector for this day.

Although the firms targeted by the US on Monday were previously sanctioned, the new designations come under counterterror authorities, which analysts and former USA officials say are much more hard to unwind than other types of sanctions.

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