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Energy Sector › Iran › Economic Sanctions

Flaster Greenberg PC

Energy Insecurity Threatens Food Production

Flaster Greenberg PC on

Prior to Israel’s recent attacks on Iran, energy prices and supplies were buffeted by the continuing war between Ukraine and Russia. Following the American bombing of three Iranian nuclear sites, Iran threatened to close the...more

Baker Botts L.L.P.

U.S. Intensifies Its Drive to Penalize Traders and Shippers of Sanctioned Country Oil

Baker Botts L.L.P. on

In another step to deprive a sanctioned country of revenues from petroleum sales, the U.S. government recently sanctioned more than 30 entities and vessels located around the world for their role in brokering the sale and...more

Alston & Bird

U.S. Continues “Maximum Pressure” Campaign Against Iran with More Sanctions

Alston & Bird on

In the latest effort to implement its “maximum pressure” campaign targeted at putting a total stop to Iranian oil exports, the Trump administration has imposed another round of sanctions targeting Iran’s oil distribution...more

Alston & Bird

OFAC Takes First Action to Implement “Maximum Pressure” Campaign Against Iran

Alston & Bird on

Following President Trump’s announcement of his administration’s intention to ratchet up sanctions against Iran, OFAC announced Thursday that it is designating a number of Chinese, Indian, and UAE entities as Specially...more

The Volkov Law Group

SCG Plastics Pays OFAC $20 Million to Resolve Violations of Iran Sanctions Program

The Volkov Law Group on

OFAC is capable of extending a long-arm of enforcement, reaching sometimes non-U.S. companies that may “cause” another company to violate U.S. Sanctions laws.  If you need to find an example of this long reach, look no...more

Ankura

How would a revived US-Iran nuclear deal change the sanctions landscape?

Ankura on

Talks between the U.S. and Iran to revitalize the nuclear deal may have stalled but they are far from dead. There is still optimism that the agreement to limit Iran’s ability to make weapons-grade uranium, in return for a...more

Akin Gump Strauss Hauer & Feld LLP

U.S. Sanctions Compliance Guidance Released for the Global Maritime, Energy and Metals Sectors

Akin Gump Strauss Hauer & Feld LLP on

- On May 14, 2020, OFAC, the Department of State and the U.S. Coast Guard jointly released guidance for persons involved in the maritime industry regarding common deceptive shipping practices used to subvert U.S. and United...more

Eversheds Sutherland (US) LLP

Iran sanctions update – US announces it will not re-issue sanctions waivers for Iran oil imports to any country

Eversheds Sutherland (US) LLP on

On Monday, the United States announced that it would not extend the temporary waivers that were granted to eight countries last November allowing them to purchase Iranian oil without threat of sanctions. The temporary waivers...more

The Volkov Law Group

OFAC Begins to Re-Impose Iran Sanctions and Expands Reach of Previous Sanctions

The Volkov Law Group on

The Trump Administration issued a new executive order on August 6, 2018, in order to reimpose the first tranche of the Iran sanctions lifted by the former Joint Comprehensive Plan of Action (“JCPOA”). ...more

Hogan Lovells

Iran sanctions: Snapback becomes reality

Hogan Lovells on

The United States has begun re-imposing nuclear-related sanctions with respect to Iran in connection with the expiration of the 90-day wind-down period announced alongside the United States' 8 May 2018 withdrawal from the...more

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