US said to weigh sanctions on Iran’s oil sales to China if nuke talks fail

iran nuclear deal

(Worthy News) – US President Joe Biden’s administration is weighing fresh sanctions targeting Iranian crude oil sales to China if Tehran hinders ongoing talks aimed at reviving the 2015 nuclear deal, a report said Monday.

While no decision has been made and other options are on the table, Washington could target the shipping networks through which Iran is currently exporting an estimated one million barrels a day and thus deny the Islamic Republic critical revenue, the Wall Street Journal reported, citing unnamed US officials and “people familiar with the matter.”

Iran’s oil exports have increased since Biden took office in January, and China is its biggest client, according to US-based oil-shipping tracker Inc. [ Source: Times of Israel (Read More…) ]

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