Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

US imposes new Iran sanctions amid efforts to revive nuclear deal

US imposes new Iran sanctions amid efforts to revive nuclear deal

US measures targeting Iranian petroleum and petrochemical sales come ahead of Joe Biden’s visit to the region next week.

The Biden administration has announced a fresh round of Iran-related sanctions amid continuing diplomatic efforts to revive the 2015 nuclear deal with Tehran.

The new measures, revealed on Wednesday, target “an international network of individuals and entities” that the Department of the Treasury said facilitated the sale of US-sanctioned Iranian petroleum and petrochemical products to East Asia.

The sanctions come days after American and Iranian diplomats held a round of indirect talks in Qatar to try to restore the Joint Comprehensive Plan of Action (JCPOA), the multilateral agreement that saw Iran scale back its nuclear programme in exchange for the lifting of sanctions against its economy.

“While the United States is committed to achieving an agreement with Iran that seeks a mutual return to compliance with the Joint Comprehensive Plan of Action, we will continue to use all our authorities to enforce sanctions on the sale of Iranian petroleum and petrochemicals,” Under-secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson, said in a statement.




Wednesday’s measures were imposed on several individuals and firms based in Iran, the United Arab Emirates and Hong Kong that the US accused of helping with the “delivery and sale of hundreds of millions of dollars’ worth of Iranian petroleum and petrochemical products from Iranian companies to East Asia”.

The sanctions will freeze the companies’ assets in the United States, cut them off from the US financial system and bar Americans from doing business with them.

The US Department of State also issued its own Iran-related sanctions on Wednesday against entities based Iran, Vietnam, and Singapore.

“The United States has been sincere and steadfast in pursuing a path of meaningful diplomacy to achieve a mutual return to full implementation of the Joint Comprehensive Plan of Action (JCPOA),” Secretary of State Antony Blinken said in a statement.

“It is Iran that has, to-date, failed to demonstrate a similar commitment to that path. Absent a change in course from Iran, we will continue to use our sanctions authorities to target exports of petroleum, petroleum products, and petrochemical products from Iran.”

Former US President Donald Trump withdrew from the agreement in 2018 and launched a “maximum pressure” campaign of sanctions against Iran. In turn, the Iranian government started escalating its nuclear programme well beyond the limits set by the JCPOA.

President Joe Biden and his top aides say they are committed to reviving the deal through mutual compliance, but they have continued to enforce Trump’s sanctions and added dozens of their own.




As Biden prepares to visit Israel and Saudi Arabia next week, prospects of reviving the Iran deal have been dimming, with US officials warning that the window to salvage an agreement is closing as Tehran acquires irreversibly nuclear expertise.

Several rounds of talks in Vienna, starting in April 2021, failed to secure a return to the JCPOA. The negotiations had been on ice for months until they resumed in Qatar last week.

Tehran has blamed Washington’s refusal to revoke sanctions for the inability to reach a deal so far.

“Agreement is possible only based on mutual understanding & interests,” Iranian Foreign Minister Hossein Amirabdollahian wrote on Twitter on Tuesday after a phone call with European Union’s foreign policy chief Josep Borrell.

“We remain ready to negotiate a strong & durable agreement. US must decide if it wants a deal or insists on sticking to its unilateral demands.”

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×