The Biden administration imposed fresh sanctions on Iran’s petroleum industry as retaliation for Iran’s recent missile attack on Israel. The sanctions target entities and vessels involved in transporting Iran’s petroleum exports in violation of existing sanctions. The State Department also announced sanctions on companies and vessels engaged in the Iranian petroleum trade. The goal is to deny Iran financial resources used to support missile programs and terrorist groups. The announcement was coordinated with U.S. allies and partners, who are also expected to announce their own measures against Iran. Tensions in the Middle East have risen one year after the Israel-Hamas war, with Iran launching missile attacks on Israel in response to the assassination of a Hezbollah leader. Israel has promised to retaliate, raising fears of a wider conflict. The U.S. Navy helped intercept most of the Iranian missiles aimed at Israel. This latest attack was the second on Israel this year, following a similar incident in April. The situation remains volatile, with the potential for a larger-scale war. Michael Collins covers the White House and provides updates on the situation.
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US-Iran sanctions reinstated by Biden administration in response to missile attack on Israel
