US Sanctions 15 Entities Over Iranian Petrochemical Trade, Cites Destabilizing Activities

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News18•06-02-2026, 22:45
US Sanctions 15 Entities Over Iranian Petrochemical Trade, Cites Destabilizing Activities
- •The US imposed sanctions on 15 entities, two individuals, and 14 vessels involved in illicit Iranian petroleum and petrochemical trade.
- •These sanctions aim to curb revenue used by the Iranian regime for "destabilizing activities" globally and repression domestically.
- •The US State Department highlighted Iran's funding of malign activities instead of investing in its people and infrastructure.
- •The move is part of the administration's "maximum pressure campaign" to reduce Iran's illicit oil and petrochemical exports.
- •Previous sanctions in January targeted Iran's Interior Minister and IRGC officers over violent protest responses and embezzlement.
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