Middle East

Iran says new US sanctions make talks offer hollow

Iran said Saturday that new US sanctions on its petrochemical industry show the hollowness of President Donald Trumps claims to be open to fresh negotiations with Tehran.

“Only one week was needed for the US presidents claim that he was ready to negotiate with Iran to be proven hollow,” foreign ministry spokesman Abbas Mousavi said in a statement, after the US Treasury announced new sanctions on Friday against Irans largest and most profitable petrochemicals group PGPIC.

The US hit Irans petrochemical group PGPIC with economic sanctions due to its ties with the countrys Revolutionary Guards (IRGC), the Treasury Department announced on Friday.

The sanctions prohibit the firm and its subsidiaries from accessing the US market or financial system, including through other foreign companies, and blocks all funds or property that is in the United States or held by a US firm.

The PGPIC group holds 40 percent of Irans total petrochemical production capacity and is responsible for 50 percent of the countrys petrochemical exports, theRead More – Source

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