The United States sanctioned Iran’s largest petrochemical holding group on Friday for supporting the Islamic Revolutionary Guard Corps (IRGC), a step it said aimed to dry up revenues to the Iranian military unit but that analysts called largely symbolic. Friday’s sanctions targeted the Persian Gulf Petrochemical Industries Company (PGPIC) for providing financial support to the economic arm of the IRGC, a military organization in charge of Iran’s ballistic missile and nuclear programs. The new sanctions come as the Trump administration seeks to increase economic and military pressure against Iran both because of its nuclear and missile programs as well as its support for proxy groups in Syria, Iraq, Lebanon and Yemen. U.S. President Donald Trump antagonized Iran, and […]