The United States has imposed additional sanctions on Iran, targeting 35 entities and vessels involved in transporting Iranian petroleum to foreign markets. These sanctions are in response to Iran’s use of oil revenue to finance its nuclear program, missile technology, and regional terrorist proxies. The US Treasury Department stated that these sanctions are part of efforts to disrupt the “shadow fleet” of vessels facilitating Iran’s illicit activities. The sanctions will freeze assets of these entities in the US and forbid Americans from engaging in financial transactions with them.
These latest sanctions come in the wake of Iran’s missile attack on military sites in Israel on October 1, which was retaliation for the killing of Hamas chief Ismail Haniyeh and other key figures. Iran’s Ambassador to the UN warned of defending its sovereignty against any aggression targeting its interests. Iran has also cautioned that an “energy war” could result in a significant loss of global oil production. The US maintains its commitment to disrupting Iran’s activities through sanctions and other measures.
Iran’s oil and petrochemical sectors are already heavily sanctioned by the US, and these additional measures are aimed at further limiting Iran’s ability to fund its destabilizing activities. The US continues to pressure Iran over its nuclear program, missile development, and support for terrorist groups in the region. The sanctions highlight ongoing tensions between the US and Iran and the efforts to curb Iran’s influence on multiple fronts.
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