Biden Administration Considering New Sanctions On Iran’s Oil Sales To China if Nuclear Talks Fail

Under US President Joe Biden, Iran's crude oil exports, mostly to China, have climbed (AFP/File photo)

Energy Bulletin/WSJ: U.S. Weighs New Sanctions on Iran’s Oil Sales to China if Nuclear Talks Fail

The U.S. is considering tighter sanctions on Iranian oil sales to China as a way to encourage Tehran to conclude a nuclear deal and raise the costs of abandoning stalled negotiations.

U.S. negotiators have been working with European and other international partners in Vienna since April to revive the 2015 deal that limits Iran’s nuclear program in exchange for an easing of broad sanctions.

As those talks falter, the U.S. is running through options intended to induce Iran to keep negotiating or punish it if it doesn’t, according to U.S. officials and people familiar with the matter.

One plan being drafted would choke off Iran’s swelling crude-oil sales to China, the country’s main client, through fresh sanctions targeting the shipping networks that help

export an estimated one million barrels a day and bring critical revenue to Iran, the officials said.

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WNU Editor: The Biden will only act if the nuclear talks fail. It looks like these talks are failing .... Iran's Security Council rejects draft nuclear deal with U.S., spokesman says (Axios).

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