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Attacks on Israel, US imposes more sanctions on Iran’s energy sector

by Web Desk
October 12, 2024
in World
Attacks on Israel, US imposes more sanctions on Iran's energy sector
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Washington: The United States has imposed more sanctions on Iran’s energy sector after missile attacks on Israel.

According to a foreign news agency, the United States has imposed sanctions on a fleet of ships involved in the acquisition and transportation of Iranian oil and companies associated with the United Arab Emirates, Liberia, Hong Kong and other countries, which are allegedly in the Asian market. Delivers to buyers for sale.

According to a statement from the US State Department, sanctions have also been imposed on a network of companies located in Suriname, India, Malaysia and Hong Kong that allegedly arrange for the shipment and sale of petroleum and petroleum products from Iran.

US law also allows for sanctions on Iran’s energy sector and on foreign companies that buy and ship Iranian oil. However, imposing sanctions on the energy sector has been a delicate matter as restricting supply can increase commodity prices in the global market.

On October 1, Iran fired dozens of missiles at Israel, but with the help of the United States, they were shot down in the air. American President Joe Biden has made it clear that he will not support a retaliatory attack on Tehran’s nuclear facilities.

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