New US sanctions on entities related to the oil industry in Iran



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On Friday, the US administration imposed new sanctions on Iranian companies operating in the oil and petrochemical fields.

A statement issued by the US State Department said that the United States had imposed sanctions on Aria Sasol Polymer Company, Penrin Ltd. and Bakhtar Trading Company.

The United States administration has also imposed sanctions on other companies, such as Cavian Petrochemical Company and Strait Shipbrokers Pte Ltd, pursuant to Section 3 of Executive Order 13846.

These companies, based in Iran, China and Singapore, knowingly participated in the process of buying, acquiring, selling, transporting or marketing Iranian petroleum products.

The Foreign Ministry imposed other sanctions on various personalities, such as Amir Hussein Bahraini, Lin Na Wai, Murtaza Mustafa Munir Basaray, Hussain Firuzi Arani and Ramazan Awladi, as CEOs of the aforementioned entities.

These personalities had performed similar tasks and exercised powers similar to those of the CEO.

Additionally, the US Treasury Office of Foreign Assets Control (OFAC) has listed eight entities due to their involvement in the mediated sale and purchase of Iranian petrochemicals from Trilliance Petrochemical Company Ltd., a US entity. Which is on the sanctions list under Executive Order 13846.

The Justice Ministry announced that it had filed a complaint for the seizure of Iranian missile shipments that were seized by the United States Navy on their way from the Iranian Revolutionary Guard to militant groups in Yemen.

The United States Navy had previously seized about 1.1 million barrels of Iranian oil, which the United States had seized from four foreign tankers bound for Venezuela.

These measures represent the largest seizure of Iranian fuel and arms shipments by the US government in its history.

The Iranian regime is reported to continue to use Iranian resources to support destabilizing activities in the Middle East and to support terrorist groups around the world.

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