The State Department is designating companies that have been supporting Iran’s sale of petrochemical products, including shadow fleet assets, for sanctioning in a move to choke off Iran’s flow of income.
The Trump administration said Iran has continued to “fuel conflict and instability in the Middle East, disrupt trade flows, and fund terrorist and proxy groups.”
The new sanctions, announced on Thursday, are intended “to stem the flow of revenue that the regime uses to support such destabilizing activity, as well as to oppress its own people.”
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