The U.S. Treasury Department has announced new sanctions against companies, their executives and senior officials from Iran. In Washington, DC, they said restrictions are imposed because they support the Islamic Revolutionary Guard Corps (IRGC), which the U.S. has classified as a terrorist organization. However, it looks like revenge for Iran’s continued fuel supplies to Venezuela.
The U.S. Treasury Department has imposed sanctions against key Iranian oil industry players that support the IRGC. “The regime uses the oil sector to finance the IRGC’s destabilization activities,” Steven Mnuchin, head of the Department, said in a statement.
Among those who have been sanctioned is Iranian Oil Minister Bijan Namdar Zangane, the National Iranian Oil Company (NIOC), and the National Iranian Tanker Company (NITC). In total – more than ten companies and people.
Also under the sanction, there was a businessman Mahmoud Madanipur, whose companies in the UAE and the UK resold and delivered to the Venezuelan PdVSA Iranian fuel.
Recall that despite threats from Washington, Iran has delivered to Latin American country several caravans of tankers with fuel. And only a few ships, afraid of threats and sanctions, turned to the U.S., where the cargo was confiscated.
Iranian journalist Reza Zandi gave a comment to Bizhan’s oil minister Namdar Zangane after the sanctions became known. “To feel the sanctions, you have to have assets abroad and I don’t have them,” the Iranian minister said.
Meanwhile, according to Tanktrackers, the Horse tanker, which delivered fuel to Venezuela, is now returning from South America with 2 million barrels of Venezuelan oil. However, the exact destination is still unknown.