The US Department of the Treasury imposed sanctions on Iran’s oil and petrochemical sectors following Tehran’s massive missile strike against Israel, according to the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury. The restrictions target ten entities across several jurisdictions. Additionally, sanctions were imposed on 17 vessels for their involvement in the operations of the National Iranian Oil Company (NIOC), which has previously faced US sanctions. Furthermore, the US Department of State sanctioned six entities and six vessels for knowingly participating in t…