US Imposes New Sanctions on Iran After Missile Attack on Israel
The United States has announced new sanctions against Iran’s petroleum and petrochemical sectors following Iran’s missile attack on Israel on October 1. The sanctions target 16 entities involved in the Iranian petroleum trade and block 23 vessels. US Secretary of State Antony Blinken stated that these measures aim to disrupt Iran’s revenue flow used for its nuclear program and support for terrorist activities.
US State Department spokesperson Matthew Miller emphasized the broad scope of the sanctions, while Secretary of Treasury Janet L. Yellen highlighted the decisive action to prevent Iran from funding destabilizing activities. The US Treasury has also sanctioned 10 entities and identified 17 vessels as blocked property for their involvement with the National Iranian Oil Company and Triliance Petrochemical Co. Limited.
Antony Blinken reiterated the US commitment to curtailing Iran’s revenue sources for malign activities and maintaining close coordination with allies to counter Iran’s actions. The US military worked with Israeli forces to defend against the missile attack, which Israeli Prime Minister Benjamin Netanyahu called a “big mistake” by Iran.
Doubts Revealed
Sanctions -: Sanctions are like rules or punishments that one country puts on another to stop them from doing something bad. In this case, the US is trying to stop Iran from making money from selling oil.
Petroleum and Petrochemical Sectors -: These are industries that deal with oil and chemicals made from oil. Petroleum is used to make fuel for cars and other things, while petrochemicals are used to make products like plastics.
Entities -: Entities are companies or organizations. Here, 16 entities are being targeted, which means 16 companies or groups are being affected by the sanctions.
Vessels -: Vessels are large ships. In this context, 23 vessels that are used to transport oil are being blocked by the sanctions.
Antony Blinken -: Antony Blinken is the US Secretary of State, which means he is in charge of the country’s foreign affairs and relationships with other countries.
Janet L. Yellen -: Janet L. Yellen is the US Treasury Secretary, which means she is responsible for the country’s money and financial policies.
Nuclear Program -: A nuclear program is a country’s plan to use nuclear energy, which can be used for making electricity or, in some cases, weapons. The US is worried that Iran might use it for weapons.
Support for Terrorism -: This means helping or giving money to groups that do bad things to scare people, like attacks or bombings. The US wants to stop Iran from doing this.
