U.S. Sanctions Target Iran’s Oil Smuggling Network ...Middle East

The U.S. Treasury Department on Thursday unveiled fresh sanctions targeting Iran’s covert oil trade and Hezbollah-linked financial activity, ratcheting up pressure on Tehran even as Chinese refiners continue importing Iranian crude at high volumes. The sanctions hit a smuggling network run by Iraqi businessman Salim Ahmed Said, who the Treasury says has been disguising Iranian oil as Iraqi crude since 2020—generating billions in revenue for Tehran. Several vessels were also sanctioned for aiding the operation, part of what the U.S.…

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