US expands sanctions against Iran's oil industry over Israel strikes

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The United States hit Iran's oil and petrochemicals sectors with new sanctions Friday in response to Tehran's October 1 attack against Israel, designating

The United States hit Iran’s oil and petrochemicals sectors with new sanctions Friday in response to Tehran’s October 1 attack against Israel, designating dozens of new companies and firms.

“Today’s sanctions target Iranian efforts to channel revenues from its energy industry to finance deadly and disruptive activity — including development of its nuclear program, the proliferation of ballistic missiles and unmanned aerial vehicles,” Treasury Secretary Janet Yellen said in a statement. Israel has said its response to Iran’s second direct attack against its territory this year would be “deadly, precise, and surprising.”

His national security advisor Jake Sullivan said Friday that sanctions had been announced after the president had consulted with America’s allies and partners.

 

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