U.S. Sanctions Hit Iranian Oil Smuggling Network in Asia ...Middle East

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U.S. Sanctions Hit Iranian Oil Smuggling Network in Asia
source : OILPRICE ( Middle East ) () 63
The U.S. Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and individuals accused of facilitating Iranian oil and petrochemical exports in violation of existing sanctions. The action, announced Friday, strikes at the financial and logistical infrastructure underpinning Iran’s shadow energy trade—particularly its crude exports to Asia. At the center of the designations is Nasser Zarrin Ghalam and Partners Company, based in Tehran, which U.S. authorities say orchestrates illicit…

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