The Trump administration enacted new sanctions on Tuesday targeting Iran’s metals sector.
The U.S. Treasury Department said it has sanctioned a China-based supplier of graphite electrodes, a key element in steel production, in addition to 12 Iranian producers of steel and other metals products, in addition to three foreign-based sales agents of a major Iranian metals and mining holding company.
The U.S. State Department announced it has sanctioned 17 companies and one individual tied to Iran’s metals industry.
The latest round of sanctions on Iran came a day after Iranian media announced that the regime’s Islamic Revolutionary Guard Corps seized a South Korean-flagged chemical tanker off the coast of Oman.