The US Treasury Department announced new sanctions targeting eight oil tankers and ten entities with ties to Iran, according to the Treasury's announcement. The designations are part of ongoing US economic pressure on Iranian networks.
The US Treasury Department on Wednesday imposed sanctions on eight oil tankers and ten entities linked to Iran, according to the Treasury's announcement. The move targets shipping and financial networks involved in Iranian oil exports.
The sanctions are the latest in a series of Treasury designations against Iran-linked entities in recent weeks. As The Zioneer has reported, the US has imposed multiple rounds of sanctions on Iranian oil and petrochemical networks, including a July 8 cancellation of all prior authorizations for Iranian oil exports and sanctions on individuals and companies in June and July.
The specific names of the designated tankers and entities were not included in the initial report. The Treasury's action comes amid ongoing US efforts to restrict Iranian revenue streams used to fund regional proxies and missile development.
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