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2020-10-28 13:55:00

U.S., IRAN SANCTIONS ANEW

U.S., IRAN SANCTIONS ANEW

PLATTS - 26 Oct 2020 - The US Treasury Department leveled sanctions across the entire Iranian oil sector Oct. 26, including the oil ministry, oil minister, state-owned oil company and shipping company.

Iran's oil exports are already under intense US sanctions pressure, but the move by the Trump administration one week ahead of the US presidential election was seen as an attempt to harden the policy in the event that a potential Biden White House strikes a new nuclear deal with Tehran and lifts the oil sanctions.

The Treasury…

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Tags: USA, IRAN, SANCTIONS
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