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US tightens sanctions net on Iran's petrochemical sector

'Iran’s petrochemical and petroleum sectors are primary sources of funding for the Iranian regime’s global terrorist activities and enable its persistent use of violence against its own people,' said US Treasury Secretary Steven T. Mnuchin

The US has been tightening the sanctions net on the Islamic Republic since April 2019 when President Donald Trump announced the designation of Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organisation

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