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U.S. Treasury Sanctions More than 20 Entities for Helping Sell Iranian Oil
IRAN, JUL 9 – The U.S. Treasury identified 22 entities enabling Iranian oil sales that fund the IRGC-Qods Force, which supports terrorist activities and weapons programs, officials said.
- The U.S. Treasury sanctioned 22 companies in Hong Kong, UAE, and Turkey today for facilitating Iranian oil sales benefiting the IRGC-Qods Force.
- These sanctions follow a campaign launched in February by President Trump aiming to apply maximum pressure on Tehran amid expected nuclear talks in Oslo.
- The designated entities reportedly utilize front companies and offshore banking channels to move vast sums of money in profits, which are then used to support Iran’s nuclear and missile development programs.
- Treasury Secretary Scott Bessent highlighted that Iran extensively uses hidden financial networks to support its controversial nuclear and missile development efforts.
- These sanctions aim to disrupt Iran’s financial network supporting terrorism, but analysts note crude inventories have grown and market impact may be limited until barrel losses occur.
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Total News Sources30
Leaning Left1Leaning Right4Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 29%
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