You see a page from the old site of Iran International that is no longer updated. Visit to view the new site.

U.S Treasury sanctions Iran’s petrochemical sector

The U.S Treasury Department announced that Iran’s petrochemical sector has been added to the sanction list for financially supporting the Islamic Revolutionary Guard Corps.

According to their website of the Treasury, on Friday, June 7, the Treasury Department added the names of 39 companies in Iran’s petrochemical sector to the list of U.S sanctions.

The Persian Gulf chemical industry company is listed as the main company and the rest are its subsidiary companies.

This company and its subsidiaries produce 40 percent of Iran’s petrochemicals and half of its petrochemical exports.

As the new sanctiosn were announced, Secretary Pompeo tweeted: “Maximum pressure on Iran’s regime continues today. U.S Treasury imposed sanctions on Iran’s petrochemical sector, which funds the IRGC. The U.S. will deny the regime the money it needs to destabilize the Middle East.”

The Treasury Secretary Steve Mnuchin also stated: "By targeting this network we intend to deny funding to key elements of Iran's petrochemical sector that provide support to the IRGC.”



Iran in Brief
City officials in Iran's capital Tehran are planning to put locks on large waste containers in the streets to prevent garbage pickers from accessing waste.More
The Biden Administration has confirmed to the US Congress that sanction imposed by its predecessor on Iran have drastically reduced Iran's trade with the world.More
The UK government said on Sept 20 that Britain would "not rest" until all its dual nationals being held in Iran were returned home.More
President Ebrahim Raisi’s vice president in women’s affairs has refused to support an age limit in child marriage, a controversial issue in Iran.More
In first news about detained Iranian dissident rap singer Toomaj, Iran International has learned that was arrested by the intelligence ministry.More