America Again Uses Sanction Tactic To Control Iran

• Roshan Amiri
• . August 2, 2022
• . Update: August 3, 2022 12:17 am
• 534 Views
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Iran– The United States has again issued a group of sanctions on Iran for its use of unfair means to sell petrochemicals to East Asia via Chinese entities. It has sanctioned both the Chinese and Iranian counterparts.

One of the Iranian petrochemical brokers has been accused of making use of certain companies to facilitate sales of Iranian petroleum and petrochemical products from Iran to East Asia.

The US Treasury and the US State Departments imposed sanctions on a total of six companies in actions that were announced in separate statements. This action leads to the freeze of any US based assets these companies might hold and also bars any Americans from dealing with them in trade and business in future.

Needless to say, those who do indulge in any such business would be sanctioned themselves. Political analysts believe that US has had to resort to doing this again as a pressure tactic on Iran. As the Nuclear Deal has not come off the way it should have, this is the only way it seems things can be control with Iran.

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Since taking office in January 2021, US President Joe Biden has been loath to sanction Chinese entities engaged in the oil and petrochemical trade with Iran due to hopes of securing an agreement to revive the 2015 Iran nuclear deal. His diplomacy is of dialogue and not confrontation unlike his predecessor who found pleasure and merit in a lot of provocation.

The western world and the UN have warned about Iran’s gradual increase in use of nuclear fuel for strengthening its own position. But Iran has on its end ensured it has no intensions of building an atomic bomb and use the nuclear material.

On the flipside, sanctions have continued to become an easy tit-for-tat move in nation diplomacy and Iran is no way lagging in exhibiting its prowess for that. Iran has now levied sanctions on 61 American citizens including former secretary of state Mike Pompeo. This is a penalty (in seems) because he has backed an Iranian dissident group.