Oil prices increase in the United States following the Biden administration's announcement of new sanctions against Iran's petrochemicals industry. The sanctions are an effort to force Iran to comply with the Joint Comprehensive Plan of Action, from which the United States unilaterally withdrew in 2018.
Iranian President Ebrahim Raisi announces that the country is ready to resume nuclear talks and to revive the Joint Comprehensive Plan of Action. Raisi also called on the U.S. to lift its sanctions against Iran.
Malta imposes a freeze on Pilatus Bank. The bank's Iranian chairman Ali Sadr Hashemi Nejad was arrested and charged in the United States earlier this week, accused of breaching United States sanctions against Iran.