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Biden Starts Dropping Iran Sanctions 11 Jun 2021 The Biden administration on Friday lifted sanctions against three former Iranian officials and two companies that did business in Iran with its oil companies. Administration officials insisted the sanctions relief was routine and merited by a “verified change in behavior or status on the part of the sanctioned parties,” but the action was widely interpreted by the media as a signal to Tehran that Biden is ready to make further concessions to reverse President Donald Trump’s exit from the nuclear deal. The Office of Foreign Assets Control (OFAC) at the U.S. Treasury Department announced Thursday it had lifted sanctions from National Iranian Oil Company managing director Ahmad Ghalebani, Hong Kong Intertrade Company managing director Farzad Bazargan, and Naftiran Intertrade Company Sarl commercial director Mohammad Moinie.

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