The US Departments of Treasury and State announced “new measures to target Iranian energy trade,” announcing “the imposition of sanctions on the oil and petrochemical sector.”
The Treasury Department explained, “The sanctions affect the entire petrochemical industry, along with more than 30 tanker companies and other companies based abroad, accusing them of transporting Iranian oil and petrochemical equipment.”
According to the statement, “The Treasury Department has classified 16 entities and 17 ships as ‘prohibited properties’ due to their involvement in supporting the National Iranian Oil Company through the transportation of petroleum and petrochemical products.”
US National Security Advisor Jake Sullivan said, “The new sanctions on Iran after its recent missile attack on Israel will help deprive it of support resources for its missile programs.”
Sullivan added: “Since that attack, we have consulted with allies and partners, including the call between US President Joe Biden and his counterparts in the G7. The Departments of Treasury and State announced important new measures to more effectively target Iran’s energy trade.”
He added: “The new designations covered by the sanctions include the ‘ghost fleet’ that carries illicit Iranian oil to buyers around the world.”
“These measures will help further deprive Iran of the financial resources used to support its missile programs that threaten the United States and its allies and partners,” he said.
The US sanctions come about a week after Iran launched about 200 ballistic missiles at Israel, in response to the killing of the Secretary-General of the Lebanese Hezbollah, Hassan Nasrallah, and the former head of the Palestinian Hamas movement, Ismail Haniyeh.
Last updated: October 12, 2024 – 11:39
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