US EditionU.S. Treasury Sanctions More than 20 Entities for Helping Sell Iranian Oil
IRAN, JUL 9 – The U.S. Treasury identified 22 entities enabling Iranian oil sales that fund the IRGC-Qods Force, which supports terrorist activities and weapons programs, officials said.
- On Wednesday, the U.S. Department of the Treasury's OFAC designated 22 entities in Hong Kong, UAE, and Turkey for facilitating Iranian oil sales funding the IRGC-QF.
- The IRGC-Qods Force used front companies and offshore accounts to transfer hundreds of millions from Iranian oil sales via a shadow banking system, evading sanctions.
- OFAC designated 22 entities in Hong Kong, Turkey, and the UAE for facilitating Iranian oil sales funding the IRGC-QF, highlighting a sophisticated evasion network.
- Immediately after the sanctions, violators face penalties, disrupting Iran's weapons and proxy funding, as Treasury confirms.
- The sanctions coincide with upcoming nuclear talks in Oslo and mark a second wave under Trump's maximum pressure campaign, aiming to counter Iran's evasion tactics.
12 Articles
12 Articles
US sanctions 22 foreign entities for facilitating Iranian crude oil sales
Washington (EFE).- The United States on Wednesday announced sanctions against 22 foreign companies accused of helping Iran sell crude oil in violation of existing international sanctions. The entities allegedly operated as part of a “shadow banking system” that helps Iran evade sanctions and transfer proceeds from oil sales to its elite military force programs. “Today, ...
U.S. Treasury sanctions more than 20 entities for helping sell Iranian oil
The Trump administration announced Wednesday it has designated more than 20 entities as complicit in the facilitation of selling Iranian oil, which funds a paramilitary force considered a foreign terrorist organization.
On Wednesday, the U.S. Treasury Department has issued a new package of sanctions against more than twenty entities in Hong Kong, the UAE and Turkey for their connection with the sale of Iranian oil, which would benefit the Quds Force of Iran's Revolutionary Guard.
Coverage Details
Bias Distribution
- 60% of the sources are Center
To view factuality data please Upgrade to Premium
