According to WPB, the United States has expanded its economic measures targeting Iran’s oil sector by introducing a new round of sanctions. These designations include over 30 vessels, companies, and individuals involved in the transport and sale of Iranian petroleum products. The action is part of a broader policy aimed at influencing Iran’s regional role and prompting engagement through diplomatic channels.
The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC), stated that the targeted entities were involved in transferring and marketing oil that was allegedly misrepresented in origin, including cases where Iranian oil was labeled as Iraqi or Emirati. OFAC highlighted the involvement of international actors based in the Middle East, South Asia, and Southeast Asia, along with ship-to-ship transfers occurring near Iraq’s Khor Al Zubair Port.
A key figure named in the sanctions is Salim Ahmed Said, a dual British-Iraqi national linked to infrastructure such as the VS Oil Terminal in Iraq. This facility reportedly played a role in the blending and export of oil. Several maritime and logistics companies based in the UAE, India, and Singapore have also been designated for their alleged participation in related activities. According to OFAC, these designations are issued under Executive Orders focused on the Iranian energy sector and counterterrorism measures.
These sanctions occur within a wider regional context. Iraq’s energy infrastructure and trade dynamics may be indirectly affected, as some entities involved in these activities operate within its jurisdiction. Baghdad, which has been working to enhance energy cooperation with Western partners, may face additional complexity in attracting foreign investment under current conditions.
Internally, Iraq is navigating both political and economic challenges, including its ongoing negotiations with the Kurdistan Regional Government over energy contracts. Meanwhile, Kurdish media have reported drone strikes in various provinces, which have been attributed to regional tensions. Confirmed reports indicate increased instability in areas such as Erbil, Duhok, and Kirkuk.
Observers note that the U.S. strategy may aim to reshape influence in the region, amid broader geopolitical competition involving other global actors. While the impact of sanctions on Iran’s energy exports remains under assessment, reports suggest continued oil flows to parts of Asia.
Analysts suggest that the long-term effectiveness of these measures depends not only on restricting logistical networks but also on the enforcement of global compliance. The developments highlight the complex interplay between economic pressure, geopolitical alignments, and regional energy security.
By WPB
Oil, Petroleum, Energy
If the Canadian federal government enforces stringent regulations on emissions starting in 2030, the Canadian petroleum and gas industry could lose $ ...
Following the expiration of the general U.S. license for operations in Venezuela's petroleum industry, up to 50 license applications have been submit ...
Saudi Arabia is planning a multi-billion dollar sale of shares in the state-owned giant Aramco.
