New US sanctions on Iran target petrochemical industry

New US sanctions on Iran target petrochemical industry

The United States has imposed new sanctions on Iran that target the country's petrochemical industry, including its largest petrochemical holding group, over Iran's financial support for the Islamic Revolutionary Guard Corps (IRGC), the Treasury Department said on Friday, Al Jazeera reported.

Meanwhile, Iran also rejected the idea of having wider international talks about its nuclear and military ambitions.

Washington is pressuring Iran over its nuclear and ballistic missile programme, and for waging proxy wars in other Middle Eastern countries. The new measures follow a round of sanctions imposed last month that targeted Iran's export revenues from industrial metals.

Tensions between the two countries worsened last month when the administration of US President Donald Trump ordered the deployment of an aircraft carrier strike group, bombers and Patriot missiles to the Middle East, citing intelligence about possible Iranian preparations to attack US forces or interests.

The Pentagon has also accused the IRGC of being directly responsible for May 12 attacks off the coast of the United Arab Emirates that damaged two Saudi tankers, an Emirati vessel and a Norwegian tanker.