Metallurgy / Chemicals / Rubber & Plastics

The U.S. Treasury Department announced on the 6th local time that it has imposed sanctions on an Iranian oil trade network that includes multiple individuals and entities that help Iran transport and sell its oil and petrochemical products.

U.S. Deputy Treasury Secretary Brian E. Nelson said in a statement that although the United States is currently negotiating with Iran to try to reach an agreement on the Iranian nuclear issue, at the same time, the United States will still conduct oil and petrochemical products from Iran. Sanctions. The U.S. Treasury Department sanctioned Iran and the United Arab Emirates on the same day. The U.S. Treasury Department said the companies help Iran transport and sell hundreds of millions of dollars worth of oil and petrochemicals to East Asia. According to the U.S. Treasury Department, the assets of the sanctioned objects in the United States will be frozen, and U.S. citizens will not be allowed to trade with them.

On the same day, the US State Department also announced sanctions against 15 individuals and entities involved in the illegal sale of Iranian oil and petrochemical products. These individuals and entities are located in Iran, Vietnam, Singapore, etc. U.S. Secretary of State Blinken said that the United States is committed to reaching an agreement with Iran on the Iranian nuclear issue through diplomatic means, but Iran has not shown "the same sincerity", so the United States will continue to impose sanctions on Iran.

The Iranian side believes that the reason why the two sides have not reached an agreement so far is that the United States does not stop sanctions against Iran.

In July 2015, Iran reached a comprehensive agreement on the Iranian nuclear issue with the United States, Britain, France, Russia, China and Germany. Under the agreement, Iran pledged to limit its nuclear program and the international community lifted sanctions on Iran. In May 2018, the Trump administration unilaterally withdrew from the Iran nuclear deal, and subsequently restarted and added a series of sanctions against Iran.

Since Biden took office as US president, the US has expressed its willingness to return to the Iran nuclear deal. Several rounds of talks have been held since April 2021, but due to serious differences between the United States and Iran, no agreement has been reached so far.