The United States is targeting the Iranian oil sector with new sanctions

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Tuesday, October 27, 2020 - 17:06
Point Trader Group

Yesterday, Monday, the US Treasury Department revealed new sanctions targeting the Iranian oil sector, by imposing sanctions targeting new entities and individuals, including the Iranian oil minister, on the grounds that they support the Iranian Revolutionary Guard.

The US Treasury indicated that it targeted the Iranian oil sector by imposing sanctions against the oil minister, and 7 other individuals, in addition to 10 other entities, who were included in the US sanctions list, including the National Iranian Oil Company and the National Iranian Tanker Company.

Last week, the US Treasury Department announced new sanctions against Iran against the backdrop of its attempt to interfere in the upcoming US presidential elections, as sanctions were imposed on 3 Iranian organizations that promoted a disinformation campaign targeting the upcoming elections.


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