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US Sanctions Iran's Oil Sector

The US on Monday slapped fresh sanctions on Iran's oil sector including over sales to Syria and Venezuela.

Under the new measures, the administration designated the National Iranian Oil Company, Iran's petroleum ministry and the National Iranian Tanker Company under a counterterrorism authority.

The Treasury Department issued the sanctions by linking the three entities to the Revolutionary Guards' elite Quds Force which was earlier designated as a terrorist organization by the United States and whose commander, Qassem Soleimani, was killed in a US attack at Baghdad airport in January.

Secretary of State Mike Pompeo said that the sanctions should send a warning to "the few remaining buyers of Iranian crude oil."

"These designations are an important step in the maximum pressure campaign to limit the Iranian regime's ability to threaten its neighbors and destabilize the Middle East," Pompeo said in a statement. (INN / VFI News)

“God, we ask that you use these measures to bring peace and justice throughout the world.”