The U.S. has held back on sanctioning foreign firms involved in illicit Iranian oil exports as it tries to pressure Iran into renegotiating a cap on Iran’s nuclear program, The Wall Street Journal reported Sunday.
Officials within the Biden administration have debated sanctions against Iraqi and Emirati firms helping Iran smuggle fuel oil out of the country, blacklisting some companies but holding back on measures that would target Iran’s entire sanctions evasion network, according to the WSJ. Current and former officials speculated Biden could be delaying full sanctions enforcement to entice Iran into compromise on the agreement, but so far negotiations have stalled.
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