The European Union intends to reimpose sanctions on five Iranian companies, including Iran’s National Iranian Tanker Company, and one person who won court cases that struck down the restrictions placed on them, EU officials said. The move is the latest effort to uphold the bloc’s sanctions regime against Iran and Syria after a series of legal defeats in the EU’s top courts over the last 13 months. Most of the Iran sanctions were imposed because of Tehran’s nuclear activities. On Friday, the U.K. Treasury issued a news release saying it was lifting an asset freeze on the National Iranian Tanker Company, Sina Bank, Moallem Insurance Company, Sharif University of Technology and Sorinet Commercial Trust. It also lifted the asset freeze on Iranian businessman Babak Zanjani who was jailed in Iran earlier this year. The Treasury said its move came after the EU failed to appeal decisions by the EU’s […]