Iran Press/ America: The US Treasury Department on Thursday repealed sanctions on former senior National Iranian Oil Co. officials and several companies involved in shipping and trading petrochemical products. The administration described the moves as routine administrative actions, saying the officials were removed from the US blacklists because they no longer held positions in the sanctioned entities.
But officials familiar with talks underway in Vienna on the future of the 2015 multilateral Iran nuclear agreement said the Biden administration has been looking at how it could inject momentum into the negotiations. Oil prices tumbled nearly 2% after the news but quickly regained their losses, continuing to trade over $70 a barrel.
Under Trump's administration, the US government unilaterally withdrew from the Joint Comprehensive Plan of Action (JCPOA) in defiance of international resolutions and imposed maximum pressure on Iran by imposing unprecedented sanctions, and even during the outbreak of the coronavirus, it prevented Iran from gaining access to its resources in other countries for the import of medicine and food.
Two years after the US withdrew from the JCPOA and the European parties delayed in fulfilling their obligations under the agreement, Iran began to take steps to reduce its obligations and announced that if all sanctions are lifted, and the other parties fulfill their obligations, it reverses the compensatory measures.
So far, five rounds of talks have been held between Iran and the JCPOA negotiating parties in Vienna, and the parties had expressed optimism about reviving the JCPOA.
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