The United States on Wednesday imposed sanctions on entities it accused of being involved in the illicit trade of Iranian petroleum and petrochemicals ahead of a new round of US-Iran negotiations on Saturday, as Washington seeks to ramp up pressure on Tehran.
In a statement, the US State Department said it was imposing sanctions on seven entities based in the United Arab Emirates, Turkey and Iran that it accused of trading Iranian petroleum and petrochemical products. Two vessels were also targeted.
US Secretary of State Marco Rubio, in a separate statement said that the action targeted four sellers and one buyer of Iranian petrochemicals worth hundreds of millions of dollars.
The action on Wednesday is said to be the latest move targeting Tehran since Trump restored his maximum pressure campaign on Iran, which includes efforts to drive its oil exports to zero and help prevent Tehran from developing a nuclear weapon.
“The President is committed to driving Iran’s illicit oil and petrochemical exports – including exports to China – to zero under his maximum pressure campaign,”; Rubio said.
At the time of filing this report, Iran’s mission to the United Nations in New York has not commented on the development.
The Wednesday’s action comes as the United States has relaunched talks with Iran over its nuclear program.
DAILY POST reports that the US and Iranian negotiators will reconvene in Rome on Saturday.
Trump, in his first 2017-2021 term, withdrew the US from a 2015 deal between Iran and world powers that placed strict limits on Tehran’s uranium enrichment activities in exchange for sanctions relief.
The Republican also reimposed sweeping US sanctions.
Since then, Iran has far surpassed that deal’s limits on uranium enrichment.
Meanwhile, western powers accused Iran of having a clandestine agenda to develop nuclear weapons capability by enriching uranium to a high level of fissile purity, above what they say is justifiable for a civilian atomic energy program.
However, Tehran said its nuclear programme is wholly for civilian power purposes.
