The US Treasury has expanded sanctions against Iran’s oil and petrochemical sectors in response to rocket attacks on Israel in early October, according to the department’s website.
The document notes that the restrictions “are subject to any individual” involved in the operation of these industries. The sanctions are aimed at increasing financial pressure on Iran and limiting its ability to obtain energy revenues “to undermine stability in the region” and attack US partners and allies.
Furthermore, the Secretary of State said Antonio BlinkenThe measures are aimed at “cutting off the flow of revenue” that Iran uses to finance its nuclear program and missile development.
The State Department blacklisted six entities involved in the Iranian oil trade and six vessels. The Ministry of Finance announced measures against 16 legal entities and more than 20 oil tankers.
Iran launched a massive missile attack on Israel on October 1, the second airstrike in six months. According to the Jerusalem Post, about 500 rockets were fired at the country, according to the General Staff, about 200. IDF spokesperson Daniel Hagari He stated that some of the missiles were shot down, but “there were also hits.” Iran’s Islamic Revolutionary Guard Corps called the attack a response to the assassination of the Lebanese Hezbollah leader. Hassan Nasrallah and Brigadier General of the IRGC Abbas Nilforushan.
Israel vows to retaliate. According to Al Jazeera, Tehran warned Washington that it would react “unusually” to Israel’s attack, but at the same time added that it is not seeking a regional war, RBC clarifies.
