United States Issues Fresh Sanction For Companies Providing Iranian Petrochemicals

The United States of America Government announced a fresh sanction for Iranian companies, providing petrochemicals. On September 29, the US Treasury Department issued a notice in this regard and said, this sanction allows Iranian brokers and companies from Hong Kong, UAE and India, which facilitated financial transfers and shipping of Iranian petroleum and petrochemical products. The sanctions were imposed to restrict illicit export of Iranian oil.