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US Tightens Sanctions on Iranian Oil

2024.12.04, 11:46
US Tightens Sanctions on Iranian Oil

The Biden administration on Tuesday ramped up its sanctions on Iran, targeting 35 entities and vessels that it said transported illicit Iranian petroleum to foreign markets as part of what the US Treasury Department called Tehran’s “shadow fleet.”

Gunaz.tv

This was reported by "The Times of Israel".

The sanctions build on those previously imposed on October 11 and came in response to Iran’s October 1 ballistic missile attack on Israel and to its announced nuclear escalations, the US Department of Treasury said in a statement.

“Iran continues to funnel revenues from its petroleum trade toward the development of its nuclear program, proliferation of its ballistic missile and unmanned aerial vehicle technology, and sponsorship of its regional terrorist proxies, risking further destabilizing the region,” Acting Under Secretary for Terrorism and Financial Intelligence Bradley Smith said in a statement.

 

 

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