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6/16, 5:36 PM (Source: TeleTrader)
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US to continue sanctioning Iran without nuclear deal

"The United States is pursuing the path of meaningful diplomacy to achieve a mutual return to compliance with the Joint Comprehensive Plan of Action. Absent a deal, we will continue to use our sanctions authorities to limit exports of petroleum, petroleum products, and petrochemical products from Iran," Under Secretary of the US Treasury Department for Terrorism and Financial Intelligence Brian Nelson said on Thursday.

Nelson made the comment while announcing that the Office of Foreign Assets Control (OFAC) has sanctioned three Iranian petrochemical producers, "international front companies" and shipping companies from Hong Kong and the United Arab Emirates, as well as a Chinese national and an Indian national over their alleged links to "Triliance Petrochemical Co. Ltd. (Triliance) and Iran's Petrochemical Commercial Company (PCC), entities instrumental in brokering the sale of Iranian petrochemicals abroad."

Baha Breaking News (BBN) / MS