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According to the United States National Foreign Trade Council, in the medium-term, lifting U.S. sanctions and liberalizing Iran's economic regime would increase Iran's total trade annually by as much as $61 billion (at the 2005 world oil price of $50/bbl), adding 32 percent to Iran's GDP. In the oil-and-gas sector, output and exports would ...
The sanctions target three vessels involved in the trade of Iranian petroleum and petrochemicals, which generates billions of dollars for Iran's leaders, supporting Tehran's nuclear program ...
The sanctions build on those previously imposed on Oct. 11 and come in response to Iran's Oct. 1 attack on Israel and to its announced nuclear escalations, the U.S. Department of Treasury said in ...
The Justice Department announced Friday that it was seizing more than 500,000 barrels of internationally sanctioned Iranian fuel that officials said was illegally trafficked to provide funding for ...
On 8 October 2020, the US imposed further sanctions on Iran's financial sector, targeting 18 Iranian banks. [31] In February 2023, Deutsche Welle, during a report on the increase in Iran's oil exports, claimed that pressuring Iran has diplomatic costs for Washington and will ultimately lead to an increase in oil prices. [32]
The "illicit sale and transport of Iranian oil" violated sanctions targeting Iran, the U.S. Department of Justice (DOJ) said in a US says it disrupts illicit oil shipment by Iran's IRGC, seizes ...
The oil tanker St Nikolas (formerly Suez Rajan) has been involved in two geopolitically prominent seizures, by the United States and Iran.In April 2023 the Greek-managed Marshall Islands-flagged oil tanker Suez Rajan was seized by US authorities, for breaching US sanctions against Iranian oil, which fell under US jurisdiction due to the use of US financial services.
The United States on Friday announced terrorism and sanctions-evasion charges and seizures linked to a billion-dollar oil trafficking network that it says finances Iran's elite Islamic ...