On August 1, the United States sanctioned six companies for helping to sell millions of dollars’ worth of Iranian oil and petrochemical products to East Asian buyers. Petrochemicals, derived from oil and natural gas, are essential to manufacturing paints, plastics, solar panels, medicine, and mobile phones that facilitate modern life.
Treasury Targets Companies Supporting Iranian Petrochemical Conglomerate marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.