U.S. expands sanctions on Iran's oil industry in response to Oct. 1 missile attack

11 Oct 2024, 23:41 by Don Jacobson · UPI

Oct. 11 (UPI) -- The Biden administration on Friday expanded sanctions against Iran's oil and petrochemical industries in response to Tehran's Oct. 1 ballistic missile attack on Israel.

In the latest round of actions against the Islamic Republic, the Treasury Department targeted its so-called "ghost fleet" of third-party tankers and vessels which transport Iranian oil to buyers in Asia in defiance of earlier sanctions, U.S. officials said in a statement.