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US considers new sanctions on Iran’s oil sales to China: Wall Street Journal | Business and Economic News

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US officials told the Wall Street Journal that if Iran does not agree to the nuclear agreement, sanctions may take effect.

People familiar with the matter told the Wall Street Journal (WSJ) on Monday that the United States is weighing new sanctions on Iran’s oil sales to China in order to put pressure on Tehran to commit to a nuclear deal.

U.S. negotiators continue to work with European and international partners in Vienna, Austria, in an attempt to revitalize the Joint Comprehensive Action Plan (JCPOA), the 2015 agreement to contain Iran’s nuclear program in exchange for the lifting of some of the sanctions facing Tehran.

But US officials and people familiar with the matter told the Wall Street Journal that as these negotiations have reached a deadlock, the United States is considering other options to encourage Iran to stay at the negotiating table or increase the cost of leaving the negotiating table.

The newspaper reported that one option being considered is to reduce Iran’s growing crude oil sales to China.

An American official told the Wall Street Journal: “Iran’s economy does not have much to sanction.” “Iran’s oil sales to China are prizes.”

Beijing is Tehran’s main oil customer. Officials told the Wall Street Journal that in the plan under consideration, the United States will target Iran to sell oil to China, with the goal of helping a shipping network that exports about 1 million barrels of oil a day.

But these officials said that the new plan will only take effect if the nuclear negotiations fail.

According to the “Wall Street Journal” report, the United States will actively implement sanctions that currently prohibit transactions with Iran’s oil and shipping sectors through strong law enforcement and legal actions.

As there is growing concern that such efforts may have unintended consequences and may even encourage Iran to speed up its nuclear program, other options being considered include diplomatic activities to persuade China, India and other major crude oil buyers to reduce commodity imports. Another official told the Wall Street Journal that oil trade, debt financing and financial transfers.

The Iranian president chooses that Ebrahim Raisi will be unveiled next month. It is said that Tehran will not agree to a nuclear deal without first taking out US sanctions.

Iranian Deputy Foreign Minister Said Abbas Araghci addressed this issue in a series of tweets on Saturday.

He said on Twitter: “We are in a transitional period because our capital is undergoing a democratic transfer of power.” “Therefore, the Vienna talks obviously have to wait for our new government. This is the requirement of every democratic country.”

His second tweet mentioned the 2015 JCPOA.

“The U.S. and the U.K. need to understand this and stop linking the humanitarian exchanges to be implemented with the JCPOA. Taking this exchange as a hostage to political goals, neither can be achieved. If the U.S. and the U.K. fulfill part of their agreement, the parties Ten prisoners may be released tomorrow,” Aragec added.

The then U.S. President Donald Trump withdrew from the nuclear agreement with Iran in 2018, criticizing him for being too tolerant of Tehran. Trump subsequently re-imposed extensive sanctions aimed at forcing Iran to sign a new nuclear and security agreement.

Under the leadership of current US President Joe Biden, Iran’s crude oil exports (mainly to China) have risen.

US Republicans and other critics of Biden’s Iran policy said that Biden’s leniency and lack of sanctions will only make Tehran more daring.

The Biden administration recently announced that it would blacklist Iranians suspected of violating oil trade sanctions.



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