The U.S. Department of the Treasury imposed sanctions on Thursday against a network of over a dozen individuals and firms accused of facilitating the shipment of millions of barrels of Iranian oil to China. The sanctions target entities in China, India, and the United Arab Emirates, including Iranian and Indian citizens, crew management firms, and a fleet of ships. The U.S. government aims to pressure Iran to curb its nuclear ambitions and support for regional conflicts through these sanctions.
The U.S. Department of Treasury imposed sanctions on Thursday against a network of more than a dozen people and firms accused of facilitating the shipment of millions of barrels of Iran ian oil to China. The department’s Office of Foreign Assets Control sanctioned more than a dozen people and companies in China, India, and the United Arab Emirates. The targets include Iran ian and Indian citizens, crew management firms, and a collection of ships.
'The Iranian regime remains focused on leveraging its oil revenues to fund the development of its nuclear program, to produce its deadly ballistic missiles and unmanned aerial vehicles, and to support its regional terrorist proxy groups,' said Treasury Secretary Scott Bessent. 'The U.S. will use all tools at our disposal to hold the regime accountable for its destabilizing activities and pursuit of nuclear weapons that threaten the civilized world.'The sanctions are part of the U.S. government's broader effort to pressure Iran to curb its nuclear ambitions and support for regional conflicts. In 2018, the U.S. withdrew from the Iran nuclear deal, a multilateral agreement aimed at limiting Iran's nuclear program in exchange for sanctions relief. Since then, the U.S. has reimposed sanctions on Iran, targeting its oil exports, financial institutions, and shipping industry. The U.S. is also working with its allies to reduce Iran's access to global financial markets
IRAN OIL CHINA SANCTIONS TREASURY DEPARTMENT UNITED STATES NUCLEAR PROGRAM
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