The Treasury Department blacklisted ten entities and individuals described as “an international network… that has used a web of Gulf-based front companies to facilitate the delivery and sale of hundreds of millions of dollars’ worth of Iranian petroleum and petrochemical products from Iranian companies to East Asia”. Simultaneously, the State Department sanctioned seven entities and vessels linked to “significant transactions for the sale and transport of petroleum products from Iran”. Secretary of State Antony Blinken maintained that “the U.S. has been sincere and steadfast in pursuing a path of meaningful diplomacy to achieve a mutual return to full implementation of the JCPOA. 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”.
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