US expands sanctions on Iran’s ‘Ghost Fleet’ and Oil Trade amid rising tensions

The United States expanded its sanctions on Iran’s petroleum and petrochemical sectors in response to a missile attack by Iran on Israel, as announced by President Joe Biden’s administration.

These sanctions target critical sectors of Iran’s economy to cut off funding for its nuclear and missile programs, according to Reuters.

National Security Adviser Jake Sullivan emphasized that the measures also target the “Ghost Fleet” that carries Iran’s illicit oil, further restricting...