An Iranian flag flies from an oil production platform in the Gulf. Reuters
An Iranian flag flies from an oil production platform in the Gulf. Reuters
An Iranian flag flies from an oil production platform in the Gulf. Reuters
An Iranian flag flies from an oil production platform in the Gulf. Reuters

US sanctions Iran’s oil minister amid attempts to push for new nuclear deal


Willy Lowry
  • English
  • Arabic

The US issued sanctions against Iran's Minister of Petroleum on Thursday as Washington pursues a policy of maximum pressure against Tehran, while also looking to re-engage in nuclear deal talks.

The Treasury department said Mohsen Paknejad oversees the export of "tens of billions of dollars’ worth" of Iranian oil and "has allocated billions of dollars’ worth of oil to Iran’s armed forces for export".

“The Iranian regime continues to use the proceeds from the nation’s vast oil resources to advance its narrow, alarming self-interests at the expense of the Iranian people,” said Treasury Secretary Scott Bessent. “Treasury will fight and disrupt any attempts by the regime to fund its destabilising activities and further its dangerous agenda.”

The punitive measures also took aim at Iran's shadow fleet, placing sanctions on several vessels and entities linked to transporting Iranian oil to China.

"These entities provide services to the ghost fleet vessels conducting ship-to-ship transfer operations outside port limits in South-east Asia, and enabling Iran’s attempts to disguise its illicit oil trade," said State Department spokeswoman Tammy Bruce.

US President Donald Trump has committed to a policy of "maximum pressure" against Iran in an effort to drive "oil exports to zero" and prevent the country from developing a nuclear weapon.

"We will continue to disrupt illicit funding to curb malign activities, limit the financial resources available to corrupt officials and use all the tools at our disposal to hold the regime accountable," Ms Bruce said.

Thursday's sanctions come after Mr Trump sent a letter to Iran's leadership calling for the negotiation of a new nuclear deal. He withdrew the US in 2018 from an agreement between Iran and world powers that had placed limits on Tehran's nuclear programme in exchange for sanctions relief.

Iran's supreme leader Ayatollah Ali Khamenei on Thursday said Mr Trump's offer was aimed at "deceiving public opinion" and increasing pressure on Tehran.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

PSG's line up

GK: Alphonse Areola (youth academy)

Defence - RB: Dani Alves (free transfer); CB: Marquinhos (€31.4 million); CB: Thiago Silva (€42m); LB: Layvin Kurzawa (€23m)

Midfield - Angel di Maria (€47m); Adrien Rabiot (youth academy); Marco Verratti (€12m)

Forwards - Neymar (€222m); Edinson Cavani (€63m); Kylian Mbappe (initial: loan; to buy: €180m)

Total cost: €440.4m (€620.4m if Mbappe makes permanent move)

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Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

Brief scores:

Everton 2

Walcott 21', Sigurdsson 51'

Tottenham 6

Son 27', 61', Alli 35', Kane 42', 74', Eriksen 48'​​​​​​​

Man of the Match: Son Heung-min (Tottenham Hotspur)

Bio

Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind. 
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.

UAE currency: the story behind the money in your pockets
RESULT

Uruguay 3 Russia 0
Uruguay:
 Suárez (10'), Cheryshev (23' og), Cavani (90')
Russia: Smolnikov (Red card: 36')

Man of the match: Diego Godin (Uruguay)

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Updated: March 13, 2025, 4:09 PM