Us Sanctions On Iran Oil

The US House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote.

The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.

In September, the United States imposed new sanctions on companies involved in Iran oil exports, including five based in China.

Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.

Iran completed its first official cryptocurrency-based import order this week, according to a report. The move could enable the country to circumvent crippling US sanctions, which include a ban on all imports, including those from the country's oil, banking, and shipping sectors.

The US Treasury said Wednesday it was freezing the assets of members of an international network for violating oil sanctions on Tehran by selling millions of dollars' worth of Iranian petrochemical products to East Asia.

The rise in oil prices comes after the US announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year.

Iran said on Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe.

Iran said on Wednesday that Washington had agreed to remove all sanctions on Iran's oil and shipping, and take some senior figures off a blacklist, at talks to revive Tehran's 2015 nuclear deal with global powers which are now on a pause.

The United States imposed sanctions Wednesday on five Iranian ship captains who delivered oil to Venezuela, as Washington ratcheted up pressure on President Nicolas Maduro, whose government it considers illegitimate.

Iran is still selling its oil despite US sanctions on Tehran's exports, the country's Vice President Eshaq Jahangiri was quoted on Monday as saying by state TV, adding that Washington's "maximum pressure" on Tehran had failed.

Beijing voiced "strong dissatisfaction" on Thursday after the United States announced sanctions on Chinese companies for buying Iranian oil.

President Donald Trump on Wednesday announced what he said would be substantial new sanctions against Iran in the first response to what US officials say was likely Iranian involvement in an attack on Saudi oil facilities.

The United States will continue to impose sanctions on whoever purchases Iran's oil or conducts business with Iran's Revolutionary Guards and no oil waivers will be re-issued, a US official told Reuters on Sunday.

The United States on Wednesday imposed sanctions on a shipping network it said was run by Iran's Revolutionary Guards, saying it sold millions of barrels of oil to benefit Syrian President Bashar al-Assad.

The US House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote.

The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.

In September, the United States imposed new sanctions on companies involved in Iran oil exports, including five based in China.

Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.

Iran completed its first official cryptocurrency-based import order this week, according to a report. The move could enable the country to circumvent crippling US sanctions, which include a ban on all imports, including those from the country's oil, banking, and shipping sectors.

The US Treasury said Wednesday it was freezing the assets of members of an international network for violating oil sanctions on Tehran by selling millions of dollars' worth of Iranian petrochemical products to East Asia.

The rise in oil prices comes after the US announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year.

Iran said on Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe.

Iran said on Wednesday that Washington had agreed to remove all sanctions on Iran's oil and shipping, and take some senior figures off a blacklist, at talks to revive Tehran's 2015 nuclear deal with global powers which are now on a pause.

The United States imposed sanctions Wednesday on five Iranian ship captains who delivered oil to Venezuela, as Washington ratcheted up pressure on President Nicolas Maduro, whose government it considers illegitimate.

Iran is still selling its oil despite US sanctions on Tehran's exports, the country's Vice President Eshaq Jahangiri was quoted on Monday as saying by state TV, adding that Washington's "maximum pressure" on Tehran had failed.

Beijing voiced "strong dissatisfaction" on Thursday after the United States announced sanctions on Chinese companies for buying Iranian oil.

President Donald Trump on Wednesday announced what he said would be substantial new sanctions against Iran in the first response to what US officials say was likely Iranian involvement in an attack on Saudi oil facilities.

The United States will continue to impose sanctions on whoever purchases Iran's oil or conducts business with Iran's Revolutionary Guards and no oil waivers will be re-issued, a US official told Reuters on Sunday.

The United States on Wednesday imposed sanctions on a shipping network it said was run by Iran's Revolutionary Guards, saying it sold millions of barrels of oil to benefit Syrian President Bashar al-Assad.