US Treasury sanctions a network smuggling Iranian oil to fund military and terrorist groups.

The US Treasury has sanctioned an international network for shipping Iranian oil to China, aiming to disrupt funding for Iran's military and terrorist groups. The sanctions target entities and individuals in China, India, and the UAE, including companies and ships linked to Iran's Armed Forces General Staff and its front company, Sepehr Energy. Treasury officials stated that Iran uses the oil revenue to fund nuclear programs and support groups like Hamas and Hezbollah.

6 weeks ago
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