Latest news with #MajidMosallat
Leaders
10-04-2025
- Business
- Leaders
US Imposes New Sanctions on Iran ahead of Oman Talks
The US has issued fresh sanctions against Iran, targeting its nuclear program, reported Reuters. On Wednesday, the US Treasury Department announced it imposed sanctions on 5 entities and one individual based in Iran for supporting Tehran's nuclear program. In a statement, the US Treasury said that these entities include the Atomic Energy Organization of Iran (AEOI) and the AEOI-subordinate Iran Centrifuge Technology Company (TESA). Meanwhile, the individual was identified as Majid Mosallat, the Chairman of the Board of Directors and Managing Director of Atbin Ista Technical and Engineering Company (AIT), which facilitates TESA's acquisition of components from foreign suppliers, according to the statement. In the light of this, the US Treasury Secretary, Scott Bessent, said: 'The Iranian regime's reckless pursuit of nuclear weapons remains a grave threat to the United States and a menace to regional stability and global security.' The sanctions come on the heels of a surprise announcement by the US President, Donald Trump, on Monday that Washington and Tehran will hold direct talks on Iran's nuclear program on Saturday in Oman. However, the Iranian Foreign Minister, Abbas Aragchi, later said that the discussions in Oman will be indirect. 'Iran and the United States will meet in Oman on Saturday for indirect high-level talks,' he wrote on X on Monday. Reaching a deal between the US and Iran, two longstanding geopolitical foes, will not be an easy task. This is further complicated by Trump's warning that 'Iran is going to be in great danger' if the talks were unsuccessful, signaling a military action. Short link : Post Views: 21
Shafaq News
09-04-2025
- Business
- Shafaq News
Ahead of nuclear talks: US imposes new sanctions on Iran
Shafaq News/ On Wednesday, the US imposed new restrictions on Iran, two days after President Donald Trump announced plans for direct talks with Tehran over its nuclear program. The US Treasury Department targeted five entities and one individual for their support of key organizations overseeing Iran's nuclear program. These entities include the Atomic Energy Organization of Iran (AEOI) and the Iran Centrifuge Technology Company (TESA). The AEOI is responsible for Iran's nuclear research and development, including centrifuge enrichment and experimental laser enrichment programs. It also oversees several Iranian companies involved in nuclear work. Among those affected as well is Atbin Ista Technical and Engineering Company (AIT), which supports TESA by facilitating the acquisition of components from foreign suppliers. Iranian national Majid Mosallat, Chairman of AIT's Board of Directors and Managing Director, has overseen the purchase and shipment of items to TESA. Also targeted is Pegah Aluminum Arak Company (Pegah), which manufactures aluminum products used by TESA. The company's role in supplying materials for Iran's nuclear program led to its inclusion in the measures. These new restrictions come ahead of key negotiations scheduled for Saturday, which will address not only the nuclear issue but also broader political and security concerns.
