Tag: oil_trade
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US Treasury Imposes New Sanctions on Iranian Military Oil Network
The US Treasury has sanctioned five Hong Kong-based companies for facilitating Iran's military oil sales, aiming to cut off funding for its armed forces and reduce threats to regional stability.
Politics and GovernmentBusinessConflictFederal GovernmentEconomyMiddle EastAsiaMilitary IranUS TreasuryEconomic SanctionsOil TradeOFACHong Kong
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U.S. Sanctions Target Iran's IRGC Oil Operations to China
The U.S. Treasury sanctioned 12 individuals and entities for enabling Iran's IRGC oil sales to China, aiming to cut funding for weapons and proxies. This "Economic Fury" targets the regime's revenue, with potential penalties for facilitators.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeMiddle EastAsia IranSanctionsOil TradeIRGCOFACChinaTerrorism FinancingUS Treasury