US targets Chinese, Indian brokers in new Iran sanctions

US targets Chinese, Indian brokers in new Iran sanctions

The United States on Thursday imposed sanctions on Iranian petrochemical producers as well as Chinese and Indian brokers, increasing pressure amid a deadlock in talks on restoring the nuclear deal.

President Joe Biden’s administration said it was still committed to diplomacy to restore a 2015 deal with Iran to curb its nuclear program.

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“In the absence of an agreement, we will continue to use our sanctions authorities to limit the export of petroleum, petroleum products and petrochemical products from Iran,” said Brian Nelson, senior Treasury Department official.

The Treasury Department said it was sanctioning a network of Iranian petrochemical firms, including alleged front companies in China and the United Arab Emirates, for Iran’s state-run company and that the Hong Kong-based company Trillions is already under US sanctions for dealings with Iran. . ,

It also took action against Chinese broker Jeff Gao and Indian national Mohammad Shaheed Ruknuddin Bhore for allegedly managing the business for Trillion.

The United States has sought to prevent any nation from buying Iranian oil since 2018, when the US withdrew from a negotiated deal in which Iran heavily scaled up its nuclear program in exchange for promises of sanctions relief. Has taken back.

China remains the top buyer of Iranian oil while India reluctantly ended imports under US pressure.

Biden has sought to reinstate the nuclear deal, saying the United States will ease sanctions if Iran returns to compliance, but his chief negotiator recently said it was more likely that diplomacy would fail. .

Iran has pushed for the United States to remove its powerful Revolutionary Guards’ designation as a terrorist organization, a move that Biden has dismissed as peripheral to discussions on the nuclear deal.

Read more: US says Iran is threatening the fate of JCPOA talks, and may be isolated

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