BR100 Increased By (0.29%)
BR30 Increased By (0.37%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.20 No Change ▼ 0.00 (0%)
BML 58.30 Decreased By ▼ -0.95 (-1.6%)
BOP 33.95 Increased By ▲ 0.27 (0.8%)
CNERGY 10.63 Increased By ▲ 0.82 (8.36%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.75 Increased By ▲ 0.23 (0.43%)
FFL 16.50 Decreased By ▼ -0.18 (-1.08%)
FNEL 1.24 Increased By ▲ 0.03 (2.48%)
KEL 7.30 Decreased By ▼ -0.05 (-0.68%)
KOSM 5.61 No Change ▼ 0.00 (0%)
LOTCHEM 29.87 Increased By ▲ 0.76 (2.61%)
MLCF 96.30 Increased By ▲ 0.80 (0.84%)
NBP 204.40 Increased By ▲ 0.05 (0.02%)
NCPL 57.06 Decreased By ▼ -1.18 (-2.03%)
NPL 67.45 Decreased By ▼ -0.34 (-0.5%)
OGDC 317.99 Increased By ▲ 0.05 (0.02%)
PACE 10.64 Decreased By ▼ -0.07 (-0.65%)
PAEL 41.90 Increased By ▲ 0.07 (0.17%)
PIBTL 16.78 Increased By ▲ 0.28 (1.7%)
PPL 220.44 Increased By ▲ 0.70 (0.32%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 69.80 Decreased By ▼ -0.97 (-1.37%)
SSGC 29.26 Increased By ▲ 0.33 (1.14%)
TBL 9.78 Decreased By ▼ -0.06 (-0.61%)
TELE 8.89 Increased By ▲ 0.13 (1.48%)
TPL 17.08 Increased By ▲ 0.63 (3.83%)
TPLP 12.56 Increased By ▲ 0.46 (3.8%)
TREET 22.72 Decreased By ▼ -0.08 (-0.35%)
TRG 60.26 Increased By ▲ 0.23 (0.38%)
By

TEHRAN: Iran condemned Sunday what it called an “illegal and unjustified” expansion of US sanctions targeting its oil industry following Tehran’s missile attack on Israel earlier this month.

In a statement, foreign ministry spokesman Esmail Baghaei defended Iran’s attack on Israel and “strongly condemned” the sanctions, saying they were “illegal and unjustified.”

The United States on Friday slapped Iran with a spate of new sanctions on the country’s oil and petrochemical industry in response to Tehran’s October 1 attack against Israel.

Baghaei defended Iran’s attack on Israel as being legal and insisted on Iran’s right to respond to the new sanctions.

Iran says ready to ‘defend sovereignty’ against Israel attack

The US Treasury Department said it targeted Iran’s so-called shadow fleet of ships involved in selling Iranian oil in circumvention of existing sanctions.

It said it had designated at least 10 companies and 17 vessels as “blocked property” over their involvement in shipments of Iranian petroleum and petrochemical products.

The State Department also announced it was placing sanctions on six further firms and six ships for “knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran”.

Baghaei said “the policy of threats and maximum pressure” had no impact on “Iran’s will to defend its sovereignty, territorial integrity, national interests and citizens against any violation and foreign aggressions.”

He said the sanctions would enable Israel “to continue killing innocents and pose a threat to the peace and unity of the region and the world”.

The new wave of sanctions comes as the world awaits Israel’s promised response to Tehran’s missile attack, with oil prices hitting their highest levels since August.

Earlier this month, US President Joe Biden advised Israel against targeting oil infrastructure in Iran, one of the world’s 10 largest producers.

Iran’s foreign minister, Abbas Araghchi last Tuesday warned that “any attack against infrastructure in Iran will provoke an even stronger response”.

Comments

Comments are closed for this article.