India, May 1 -- The United States has imposed sanctions on seven firms engaged in illicit trade of Iranian petroleum products and petrochemical products.
The Department of State said it is imposing sanctions to stem the flow of revenue that the Iranian regime uses to fuel conflict in the Middle East, advance its nuclear program, and support its terrorist partners and proxies.
The State Department's action includes the designation of four UAE-based sellers of Iranian petrochemicals and one Turkey-based purchaser who have generated hundreds of millions of dollars in illicit funds for Iran's destabilizing activities.
These companies send Iranian-origin petrochemicals and petrochemical products to third party countries and enable Iran to eva...