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SmarTrade

OFAC Expands Sanctions on Iran for Missile Attack on Israel

On October 11, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it was expanding sanctions on Iran’s petroleum and petrochemical sectors in response to Iran’s October 1 attack on Israel.  The Secretary of the Treasury has identified the petroleum and petrochemical sectors of the Iranian economy pursuant to a... Continue Reading