petrochemicals

US sanctions caused Iran’s currency devaluation – Report

Iran lambastes U.S. over new sanctions on petrochemicals

Iran has criticised the U.S. for placing new sanctions on a large petrochemicals company, saying it showed that the Trump administration’s recent offer to negotiate was “empty”.

“The recent U.S. sanctions are again a clear violation of international rules and a confirmation of American economic terrorism,’’ Foreign Ministry spokesman Abbas Mousavi was quoted as saying by the IRNA news agency on Saturday.

On Friday the Trump administration said it was imposing sanctions on Iran’s largest petrochemical holding group.

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