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US-Iran sanctions reinstated by Biden administration in response to missile attack on Israel


The Biden administration imposed new sanctions on Iran’s petroleum industry in response to a massive missile attack on Israel last week. The Treasury Department targeted entities involved in transporting Iranian petroleum in violation of existing sanctions, freezing their assets in the United States. The State Department also sanctioned companies and vessels engaged in the Iranian petroleum trade. White House National Security Adviser Jake Sullivan stated that these measures aim to cut off Iran’s financial resources supporting missile programs and terrorist groups threatening the U.S. and its allies. This action was coordinated with international partners, who are expected to announce their own measures against Iran. Tensions in the Middle East have escalated, with Iran launching two missile attacks on Israel this year, and Israel vowing to retaliate. The fear is that the conflict between Israel and Hamas could escalate into a wider war in the region. This announcement comes on the anniversary of the start of the Israel-Hamas war and follows Iran’s recent missile attacks on Israel. US Navy destroyers helped thwart many of Iran’s missiles, but the situation remains volatile. Michael Collins covers the White House and provides updates on the evolving situation.

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