INTIEAUnited States · Iran SanctionsPolicyIn force

Iran Sanctions

Since 2012, the United States has been introducing a set of sanctions against Iran affecting the energy sector, specially the oil industry. These sanctions have been deployed in a set of regulations, including Iran Sanctions, Accountability, and Human Rights Act of 2012 and…

Dernière modification il y a 2 ans.

Vue extraite pour la lecture · Original pour les preuves de conformité

Cycle de vie

  1. En vigueur
  2. Dernière modification

Country / jurisdiction: United States · Year: 2012 · Status: In force · Level: National · Type: Voluntary

Since 2012, the United States has been introducing a set of sanctions against Iran affecting the energy sector, specially the oil industry. These sanctions have been deployed in a set of regulations, including Iran Sanctions, Accountability, and Human Rights Act of 2012 and National Defence Authorization Act 2012 . Both acts were lifted as part of the 2015 Iran nuclear deal, but reinstated again in 2018. Some of the restrictions included in the mentioned acts are the following:

Sanctions on all foreign financial institutions (including foreign central banks or foreign state-owned or controlled banks) that conduct or facilitate significant financial transactions for the purchase of Iranian petroleum or petroleum products. Nonetheless, if the US government determines that a country has significantly reduced its volume of crude oil purchases from Iran, any foreign financial institution based in that country, will not be subject to the banking sanctions.

Sanctions on investments made for the development of Iran's petroleum and natural gas resources as well as on those who provides products and services to Iran to facilitate Iran's ability to refine petroleum.

Sanctions for those providing services or support for the deployment of infrastructure that is directly associated with Iran's domestic production of refined petroleum products.

Moreover, on 2024 two more laws were put into force targeting Iran's oil exports. The Iran-China Energy Sanctions Act of 2023 to reduce Iranian oil flows into China and the Stop Harboring Iranian Petroleum Act (SHIP Act) to impose additional sanctions on port operators, shipowners, and refineries that participate in Iran’s oil trade.

In addition to the oil sanctions, on May 8, 2019 the U.S. government through Executive Order 13871 authorized sanctions with respect to Iran's iron, steel, aluminium and copper sectors. The sanctions covers all persons operating, as well as engaging in a significant transaction for the sale, supply or transfer to Iran of significant goods or services used in connection with Iran's iron, steel, aluminium or copper sectors.

Official source: https://www.state.gov/iran-sanctions/

Source

https://www.iea.org/policies/20243

Document officiel chez le régulateur. Citez toujours cette URL — et non la page de détail Vantage — dans les preuves de conformité.

Connexes dans International

INTEnergy Newsoilprice:oilprice-article-45514ActualitésIn force

Saudi Pipeline Outage Hits an Oil Market Running Out of Buffers

The war in Iran that had to be over and won by the United States in about six weeks is now in its seventh month and the oil markets are starting to crack. Gone are most of the cushions the market had in the early weeks and months of the Middle East conflict. The oversupply from early this year has disappeared as oil on water was drawn down quickly when the Strait of Hormuz was closed to tanker traffic in March. Record stock releases led by the International Energy Agency (IEA) depleted strategic inventories in developed economies, including in…

il y a 20 heures
INTEnergy Newsoilprice:oilprice-article-45515ActualitésIn force

Chinese Solar Panels Drop to 12 Cents a Watt, Rooftop Installs Surge Worldwide

Chinese-made photovoltaic panels cost 12 cents a watt in 2026, down from $5-$6 at the turn of the millennium, and that price collapse is now powering rooftop solar installations from Pakistani cement plants to Philippine homes and Australian suburbs, according to the Financial Times. A Pakistani cement giant has cut its power costs by up to 40% with solar at its production sites, and rooftop solar capacity in the Philippines has nearly doubled in a year. At the same time, Africa is on pace to install record gigawatts, and Australia has installed…

il y a 21 heures
INTEnergy Newsoilprice:oilprice-article-45513ActualitésIn force

Hormuz Risk Opens $40-Plus Price Gap Between Crude Grades

Back in late June, after the United States and Iran agreed to cease hostilities in the Persian Gulf for 60 days, oil prices took a dive. Two months later, Brent is trading at over $107 per barrel, and WTI is moving closer to $103, as a deep chasm opens up between the price for oil stuck in the Gulf and oil that can be moved with no threat of a drone or missile attack. Iraq, OPEC’s number-two producer, has suffered some of the most severe disruptions in its oil industry because of the war between the U.S. and Israel, and Iran. The country…

il y a 22 heures
INTEnergy Newsoilprice:oilprice-news-45515ActualitésIn force

U.S. Oil Inventories Jump as Cushing Stocks Keep Falling

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by a very large 7.14 million barrels in the week ending September 11. In the week prior, US crude oil inventories fell by 300,000 barrels. Commercial crude oil inventories excluding the SPR have lost just over 41 million barrels over the last 22 weeks, with US crude inventories up nearly 10 million for the year, according to API data, kept in check by draws from the SPR. For the week ending September 11, another 400,000 barrels left the SPR to…

il y a 23 heures
INTEnergy Newsoilprice:oilprice-article-45510ActualitésIn force

Sam Altman Is Selling Utilities the Cure for a Cyberattack His Own AI Helped Cau

The artificial intelligence boom is driving a new wave of autonomous cyberattacks, posing a major and growing threat to critical infrastructure, including the energy grid. Ninety percent of state government chief intelligence officers recently reported that cyberattacks on critical services – including threats to water and wastewater systems, hospitals, transportation, and energy and communication networks – is a matter of great concern, according to a new report from the National Association of State Chief Information Officers and…

il y a 23 heures