U.S. Treasury Department sanctions network shipping Iranian oil to China
- The U.S. Treasury Department imposed sanctions on an international network for facilitating the shipment of Iranian oil to China.
- This network allegedly shipped millions of barrels of Iranian oil worth hundreds of millions of dollars to China, according to the Treasury Department.
- The sanctions follow President Donald Trump's memorandum re-imposing a 'maximum pressure' campaign on Iran.
- Iran reportedly earns billions of dollars annually from oil sales, funding its military and nuclear program, according to the Treasury Department.
71 Articles
71 Articles
US Treasury imposes first new Iran sanctions since return to ‘maximum pressure’
The U.S. Treasury Department imposed sanctions on Thursday on an oil smuggling network generating hundreds of millions of dollars for Iran. Iran’s Armed Forces General Staff used front companies to ship oil and used the revenue to fund terrorist groups, including Hamas, the Houthis and Hezbollah, according to the department. “The Iranian regime remains focused on leveraging its oil revenues to fund the development of its nuclear program, to prod…
Scott Bessent, U.S. Treasury Secretary, said Tehran “is still focused on harnessing its oil revenues to finance the development of its nuclear program, producing its deadly ballistic missiles and unmanned aerial vehicles, and supporting its regional terrorist groups.”
Washington. The U.S. Treasury Department yesterday imposed sanctions on more than a dozen people and companies that are part of a network accused of facilitating the shipment of millions of barrels of Iranian oil to China.
US imposes sanctions on network facilitating Iranian oil shipments to ChinaThe US is imposing sanctions on an international network that funnels oil revenues to the Iranian military. The sanctions will also affect the "shadow fleet" and management companies that transport Iranian oil to China.
Iran on Friday condemned new financial sanctions imposed by the United States against an international network accused of shipping hundreds of millions of dollars worth of Iranian oil to China, calling the sanctions "illegal" and...
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