The U.S. has announced an increase in sanctions on Iran’s petroleum and petrochemical sectors after an Iranian missile attack on Israel on October 1, the country’s second direct strike this year.
The U.S. government aims to cut off Tehran’s financial resources, which it uses to pay for its nuclear and missile projects, regional destabilization, and support for terrorist groups.
This new set of sanctions, imposed under Executive Order 13902, focuses on Iran’s...