(MENAFN- Trend News Agency)
The Treasury Department issued new sanctions on Wednesday
related to Iran's oil sector, a move announced after the latest
round of talks to revive the 2015 nuclear deal was dubbed a“wasted
occasion” by US Special Envoy for Iran Rob Malley, Trend reports citing
Al
Arabiya .
The Treasury Department said that the sanctioned network of
people and entities 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.”
Among those designated in Wednesday's move was Iran-based Jam
Petrochemical Company, which the Treasury accused of exporting
petrochemical products worth hundreds of millions of dollars to
companies throughout East Asia, many of which the Treasury said
were sold to Iran Petrochemical Commercial Company for shipment to
China.
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