The US administration announced that it has expanded sanctions on Iran’s oil and petrochemical sectors in response to the attack on Israel. According to a statement from the US Treasury Department, the US expanded sanctions on Iran’s oil and petrochemical sectors in response to the attack on Israel by Iran on October 1. The statement mentioned that this decision aims to limit Iran’s ability to generate energy revenues and increase financial pressure on the country. The statement also indicated that the Office of Foreign Assets Control (OFAC) added 10 entities and 17 ships from multiple countries involved in shipping Iranian oil and petrochemical products to the US sanctions list for supporting the Iran National Oil Company (NIOC) and Triliance Petrochemical. Additionally, the US Department of State reportedly added 6 entities and 6 ships to the sanctions list. Iran’s Attacks on Israel Iran launched around 180 ballistic missiles towards Israel on Tuesday, October 1. In a written statement by the Iranian Revolutionary Guards, it was reported that Iran carried out a missile attack on Israel targeting its national security. The attack was said to be a response to the Israeli attacks that killed Hamas leader Ismail Haniyeh, Hezbollah leader Hassan Nasrallah, and Iranian general Abbas Nilforoushan. Israeli Prime Minister Benjamin Netanyahu described the missile attack as a “big mistake” and stated that Iran would “pay the price.” US President Joe Biden also stated that he discussed with G7 leaders the possible responses, including new sanctions, to Iran for launching missile attacks on Israel.