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- US Expands Sanctions on Iran's Oil Industry Amid Tensions Over Missile Strike on Israel
US Expands Sanctions on Iran's Oil Industry Amid Tensions Over Missile Strike on Israel
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The United States has imposed new sanctions on Iran in an effort to disrupt its revenue flow, which is reportedly used to fund its nuclear program. The sanctions target 16 entities involved in Iran's petroleum trade and block 23 vessels. The sanctions were announced following a retaliatory missile strike by Iran on Israel, which occurred on October 1.
If I were in their shoes, I would be thinking about other alternatives than striking Iranian oilfields.
The Israelis have not concluded what they are going to do. That's under discussion.
These measures will help further deny Iran financial resources used to support its missile programs and provide support for terrorist groups that threaten the United States, its allies, and partners.
We are announcing broad new sanctions on Iran's petroleum and petrochemical sectors to further deny the Iranian regime the resources it may use to fund its destabilising activities.We are also sanctioning 16 entities engaged in Iranian petroleum trade and blocking 23 vessels.
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.
In response to Iran's attack on Israel, the United States is taking decisive action to further disrupt the Iranian regime's ability to fund and carry out its destabilising activity.
To that end, we are taking steps today to disrupt the flow of revenue the Iranian regime uses to fund its nuclear program and missile development, support terrorist proxies and partners, and perpetuate conflict throughout the Middle East.
In the aftermath of Iran's unprecedented October 1 attack against Israel, the United States made clear that we would impose consequences on Iran for its actions.
Israel-Iran Conflict
- Netanyahu Seeks US Support for Potential Strike on Iranian Nuclear Sites
- Ex-CIA Analyst Pleads Guilty to Leaking Documents on Israel's Iran Strike Plans
- Iran's Defensive Capabilities Paralyzed by Israeli Strikes
sources
perspectives
- 1.US Foreign Policy
- 2.Israel-Palestine Conflict
- 3.British Foreign Policy
- 4.Israel Foreign Policy
- 5.Israel under Benjamin Netanyahu
- 6.2023 Hamas-led attack on Israel
- 7.Intercontinental Ballistic Missile
- 8.Iran Foreign Policy
- 9.Israel-Lebanese Hezbollah Conflict
- 10.Oil Market
- 11.Sunni/Shiites Dispute
- 12.Iranian politics
countries
organizations
- 1.US State Department
- 2.Hezbollah
- 3.US Treasury Department
- 4.Democratic Party
- 5.Hamas
- 6.Iranian Revolutionary Guards
- 7.Israel Defense Forces
- 8.United Nations