News

World

U.S. Blacklists Foreign Firms over Iranian Oil Deals

Flag in front of Iran’s Foreign Ministry building in Tehran (Morteza Nikoubazl/Reuters)

The U.S. added four foreign companies to its Iran blacklist Thursday after they reportedly transferred hundreds of millions to the state-owned National Iranian Oil Company for oil exports.

Two of the companies are based in Hong Kong, one in Shanghai, and the fourth in Dubai. By placing the firms on the blacklist, the U.S. can freeze their American-held assets and halt any American business dealings with them.

“This is simply another step in the economic terrorism the U.S. is engaging in against Iranians,” Alireza Miryousefi, Iran’s U.N. mission spokesman, told The Wall Street Journal. “It will not, however, bring any satisfaction to those looking to cripple the proud nation of Iran.”

President Trump announced new sanctions on Tehran earlier this month following an Iranian rocket attack on two U.S. military bases in Iraq, but emphasized a de-escalatory stance, saying “the United States is ready to embrace peace with all who seek it.”

The U.S. has been strangling the Iranian economy since 2018, with the administration announcing in April 2019 that it would end exemptions for Iranian export partners in an effort to eliminate Iran’s foreign oil market.

“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the White House said in a statement at the time.

The pressure caused Iran to back out of its 2015 nuclear deal with the Obama administration, with Iranian foreign minister Javad Zarif saying U.S. actions under Trump had made the deal “impossible to continue.”

“We do not want to leave the agreement. All the people of the world should know that today is not the end of the JCPOA; it is a new step within the framework of the JCPOA,” Iranian President Rouhani initially said in May.

Earlier this month, Iran ended all commitments under the deal after a Trump-ordered airstrike killed Iranian general Qasem Soleimani.

Send a tip to the news team at NR.

Most Popular

The Need to Discuss Black-on-Black Crime

Thomas Abt’s book Bleeding Out (2019) has garnered a fair amount of attention for its proposals to deal with gun violence in mainly black urban neighborhoods. The entire focus of the book is on interventions in high-crime locations to stem the violence, including: hot-spots policing, working with young males at ... Read More

The Need to Discuss Black-on-Black Crime

Thomas Abt’s book Bleeding Out (2019) has garnered a fair amount of attention for its proposals to deal with gun violence in mainly black urban neighborhoods. The entire focus of the book is on interventions in high-crime locations to stem the violence, including: hot-spots policing, working with young males at ... Read More

Jason Isbell’s Alt-Alt-Country Masterpiece

There has long been a chasmic disconnect between the creators and the consumers of Americana music. The Americana songwriter still wants to be Woody Guthrie, but the Americana listener stopped being Tom Joad about 60 years ago. Americana — or alt-country, or folk, or whatever we’re calling it this week — ... Read More

Jason Isbell’s Alt-Alt-Country Masterpiece

There has long been a chasmic disconnect between the creators and the consumers of Americana music. The Americana songwriter still wants to be Woody Guthrie, but the Americana listener stopped being Tom Joad about 60 years ago. Americana — or alt-country, or folk, or whatever we’re calling it this week — ... Read More

Protesting Works. Rioting Doesn’t.

The tragic death of George Floyd on May 25 in Minneapolis has set off massive protests in the city and elsewhere. The protesters point to a video in which a police officer uses his knee to restrain Floyd, applying pressure to his neck for several minutes, as Floyd protests that he can’t breathe. This will ... Read More

Protesting Works. Rioting Doesn’t.

The tragic death of George Floyd on May 25 in Minneapolis has set off massive protests in the city and elsewhere. The protesters point to a video in which a police officer uses his knee to restrain Floyd, applying pressure to his neck for several minutes, as Floyd protests that he can’t breathe. This will ... Read More
Elections

Amy Klobuchar Takes a Big Hit

As Minneapolis burned this week, so too did Amy Klobuchar’s prospects of becoming Joe Biden’s running mate. Just six weeks ago, Klobuchar looked like the frontrunner in the 2020 Democratic veepstakes, but the Minnesota senator happens to be the former top prosecutor in Hennepin County, home to Minneapolis, ... Read More
Elections

Amy Klobuchar Takes a Big Hit

As Minneapolis burned this week, so too did Amy Klobuchar’s prospects of becoming Joe Biden’s running mate. Just six weeks ago, Klobuchar looked like the frontrunner in the 2020 Democratic veepstakes, but the Minnesota senator happens to be the former top prosecutor in Hennepin County, home to Minneapolis, ... Read More