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New US Sanctions Target Iran's Petrochemical Industry

The United States on Friday imposed new sanctions on Iran targeting the country's petrochemical industry, including its largest petrochemical holding group, over its financial support for the Islamic Revolutionary Guard Corps (IRGC), the Treasury Department said. Washington is pressuring Iran over its nuclear and ballistic missile program and for waging proxy wars in other Middle Eastern countries. The new measures follow a round of sanctions imposed last month that targeted the...

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