With No Nuclear Deal In Sight, U.S. Slaps Extra Sanctions On Iran

OilPrice.com | Jun 16, 2022 at 5:30 PM
  • On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) implemented new sanctions on what it called “a network of Iranian petrochemical producers” and “front companies” in China and the UAE that support Iranian petrochemical exports abroad.
  • The Iran-based companies sanctioned in this latest round include Marun Petrochemical Company, Kharg Petrochemical Company Limited, and Fanavaran Petrochemical Company.
  • The list also includes UAE-based GX Shipping FZE.