Key Takeaways
- The US has imposed sanctions on Iran over the missile attack against Israel, targeting Iran’s energy trade and supporting terrorist groups.
- The sanctions will deny Iran financial resources used to support its missile programs and provide support for terrorist groups that threaten the US and its allies.
- The US is also sanctioning entities and vessels involved in shipments of Iranian petroleum and petrochemical products in support of US-designated entities.
Washington: The United States announced sanctions targeting Iran’s energy trade in light of the Oct. 1 ballistic missile attack launched by the country against Israel.
According to a statement issued by the Department of State on Friday, “The Department is imposing sanctions on six entities engaged in Iranian petroleum trade and identifying six vessels as blocked property.”
Meanwhile, the Department of the Treasury “is issuing a determination that will lead to the imposition of sanctions against any person determined to operate in the petroleum or petrochemical sectors of the Iranian economy,” the statement said.
“Additionally, Treasury is sanctioning ten entities and identifying 17 vessels as blocked property for their involvement in shipments of Iranian petroleum and petrochemical products in support of US-designated entities National Iranian Oil Company or Triliance Petrochemical Co. Limited,” the statement added.
US National Security Advisor Jake Sullivan said in a statement that the above measures “will help further deny Iran financial resources used to support its missile programs and provide support for terrorist groups that threaten the United States, its allies, and partners.”
