New U.S. sanctions target Iran’s petrochemical industry –

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New U.S. sanctions target Iran's petrochemical industry –

The United States targeted Iran’s petrochemical industry in new sanctions imposed on Friday, including the country’s largest petrochemical holding group over its financial support for the Islamic Revolutionary Guard Corps, the Treasury Department said. Treasury also designated the holding group’s network of 39 subsidiary petrochemical companies and foreign-based sales agents.

– June 7, 2019 at 12:21PM

John Jason Fallows

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