America imposes new sanctions on Iran amid ongoing talks between the two countries.
April 22, 2025141 ViewsRead Time: 2 minutes
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The U.S. Treasury Department announced today, Tuesday, that the United States has imposed new sanctions related to Iran, while discussions are ongoing between the two countries regarding Tehran's nuclear program. According to the Treasury statement, the sanctions targeted Iranian national Saeed Asghar Imam Jumaa, a prominent figure in the liquefied petroleum gas (LPG) sector, and his institutional network that ships hundreds of millions of dollars worth of Iranian crude oil and LPG to foreign markets. The sanctions also included the vessel "TINOS I," which attempted to load a shipment of LPG off the coast of Houston, Texas, in 2024 but failed. U.S. Treasury Secretary Scott Besent said, "Imam Jumaa and his network sought to export thousands of shipments of LPG, including from the United States, to evade U.S. sanctions and provide revenue to Iran." The statement emphasized that the United States will continue to hold accountable anyone providing financial support to the Iranian regime for its destabilizing activities in the region and the world. The sanctions also targeted the company "Caspian Petrochemical FZE" owned or controlled by Imam Jumaa, along with several other Iranian companies, in addition to his son Meitham Imam Jumaa, who serves as the executive director of "Worldwide LPG Limited" based in the United Kingdom. This move is part of the maximum pressure strategy pursued by the U.S. administration, targeting specific sectors of the Iranian economy. As a result of these sanctions, all properties and interests of the individuals and entities covered will be blocked within the United States or under American control, and any transactions related to them will be prohibited unless licensed.