WASHINGTON, (TDI): The United States has broadened its sanctions against Iran’s petroleum and petrochemical sectors in response to an Iranian missile strike on Israel, said the Biden administration.
The expansion adds these sectors to an executive order aimed at undermining Iran’s economy and restricting funding for its nuclear and missile programs.
National Security Adviser Jake Sullivan stated that the new measures will target the “Ghost Fleet,” which is responsible for transporting Iranian oil globally.
These actions are intended to further limit Iran’s financial resources that support its missile programs and assist groups threatening the U.S. and its allies.
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In retaliation for Israel’s actions in Lebanon, the Gaza Strip, and the killing of a Hamas leader in Tehran, Israel has indicated it will respond to the Iran’s missile attack that occurred on October 1.
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The U.S. Treasury now has the authority to impose sanctions on individuals involved in Iran’s petroleum and petrochemical sectors.
President Biden has emphasized the need for Israel to explore alternatives to direct strikes on Iran’s oil fields.
