The US Treasury placed two United Arab Emirates-based companies on its sanctions blacklist Wednesday for their support of Iran's already-sanctioned Mahan Air.
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All tagged Steven Mnuchin
◢ The United States on Thursday slapped sanctions on five companies based in the United Arab Emirates for allegedly shipping oil from Iran in defiance of President Donald Trump's unilateral sanctions. The sanctions mark a rare US action against firms in the UAE, a close ally of Washington in its campaign against Tehran.
◢ The Trump administration imposed new sanctions on Iran on Friday, including penalties on the Islamic Republic’s metals and some senior leaders, following Tehran’s attack on U.S. military bases. The sanctions target the nation’s steel industry, as well as eight senior Iranian officials and other sectors of the economy.
◢ The US Treasury slapped punitive sanctions on Iran's communications minister, Mohammad Javad Azari Jahromi, Friday after Tehran blocked internet communications amid violent protests triggered by a petrol price hike. On Thursday, President Donald Trump accused Iran of blocking the internet to cover up "death and tragedy" resulting from the protests.
◢ Secretary of State Michael Pompeo said the U.S. is “working diligently” toward a diplomatic resolution with Iran after accusing the Islamic Republic of attacks on Saudi Arabian oil fields, but that President Donald Trump is prepared to take other action if necessary.
◢ Iran’s President Hassan Rouhani on Thursday mocked a US decision to impose sanctions on his top diplomat Mohammad Javad Zarif, saying it showed Washington was "afraid" of him as tensions again flare between the arch-enemies. The US Treasury said the sanctions would freeze any of Zarif's assets in the United States or controlled by US entities, as well as squeeze his ability to function as a globe-trotting diplomat.
◢ Treasury Secretary Steven Mnuchin made clear that participating in the U.S. financial system means abiding by its sanctions amid a European effort to sidestep American economic pressure on Iran to continue trade. “We’ve been very clear that we expect U.S. sanctions to be adhered to,” Mnuchin said in response to questions from reporters on Thursday.
◢ The United Nations voiced concern Monday after the United States imposed unusually harsh restrictions on the movements of Iran's foreign minister. Weeks after the United States threatened sanctions against Zarif, Secretary of State Mike Pompeo said that Washington issued him a visa but forbade him from moving beyond six blocks of Iran's UN mission in Midtown Manhattan.
◢ The US Treasury placed Iraq-based South Wealth Resources on its sanctions blacklist Wednesday, saying the company is an important weapons trafficking and financial front for Iran's Islamic Revolutionary Guard Corps. The Treasury said the company, Manabea Tharwat al-Janoob General Trading Company, was used by the IRGC to smuggle "hundreds of millions of dollars' worth" of weapons to IRGC allies in Iraq.