WASHINGTON — The USA (US) hit Iran’s oil and petrochemicals sectors with new sanctions Friday in response to Tehran’s October 1 assault in opposition to Israel, designating dozens of recent corporations and companies.
The Treasury Division mentioned it was going after Iran’s “shadow fleet” of ships concerned in promoting Iranian oil in circumvention of present sanctions, designating 10 corporations and 17 vessels as “blocked property” over their involvement in shipments of Iranian petroleum and petrochemical merchandise.
WASHINGTON, DC – OCTOBER 11: US President Joe Biden, accompanied by US Military Corps of Engineers Chief of Engineers and Commanding Basic William Graham, Jr. (L), Homeland Safety Secretary Alejandro Mayorkas (2nd-L), Vitality Secretary Jennifer Granholm (R), takes a query from a reporter after giving an replace on the federal government’s response to Hurricanes Milton and Helene within the Roosevelt Room of the White Home on October 11, 2024, in Washington, DC. Biden additionally touched on the the wave of on-line misinformation that has muddled the general public’s understanding after two sturdy storms have impacted the southeast of the nation. Andrew Harnik/Getty Photographs/Agence France-Presse
The State Division additionally introduced it was slapping sanctions on six different companies and 6 ships for “knowingly partaking in a major transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran.”
“As we speak’s sanctions goal Iranian efforts to channel revenues from its vitality business to finance lethal and disruptive exercise — together with the event of its nuclear program, the proliferation of ballistic missiles and unmanned aerial autos,” Treasury Secretary Janet Yellen mentioned in an announcement.
READ: US says new sanctions on Iran coming quickly
The sanctions type a part of the US response to Iran’s assault, during which it launched some 200 ballistic missiles in opposition to Israel in retaliation for the killing of Tehran-backed militant leaders and a basic from Iran’s Revolutionary Guards.
Article continues after this commercial
Israel has mentioned its response to Iran’s second direct assault in opposition to its territory this yr can be “lethal, exact, and shocking.”
Article continues after this commercial
US President Joe Biden advised reporters final week that Israel ought to take into account “different options than hanging oil fields,” amid reviews it was planning to take action.
READ: Iran slaps sanctions on US, UK over Israel help
His nationwide safety advisor Jake Sullivan mentioned Friday that sanctions had been introduced after the president had consulted with America’s allies and companions.
“These measures will assist additional deny Iran monetary sources used to help its missile packages and supply help for terrorist teams that threaten the USA, its allies, and companions,” Sullivan mentioned in an announcement.
Secretary of State Antony Blinken mentioned Washington had made clear after the October 1 assault that Tehran would face penalties.
Your subscription couldn’t be saved. Please attempt once more.
Your subscription has been profitable.
“To that finish, we’re taking steps right now to disrupt the stream of income the Iranian regime makes use of to fund its nuclear program and missile improvement, help terrorist proxies and companions, and perpetuate battle all through the Center East,” he mentioned in an announcement.
