The US Treasury Department announced that the United States expanded, today, Friday, sanctions on the Iranian oil and petrochemical sectors in response to the missile attack launched by Tehran on Israel.

The Ministry added in a statement, "This measure increases the amount of financial pressure on Iran, limiting the regime's ability to use the revenues it earns from vital energy sources to undermine stability in the region and target US partners and allies."

The decision would include the oil and petrochemical sectors in the current executive order targeting key sectors of the Iranian economy with the aim of depriving the government of the financial resources it uses to support its nuclear and missile program.

The statement said that the Treasury Department also designated 16 entities and 17 vessels as blocked property due to their use in transporting Iranian petroleum and petrochemical products in support of the National Iranian Oil Company.

Source: National Iraqi News Agency