The State Department announced on Wednesday that it would target entities and individuals connected to Iran and Hezbollah with new sanctions.
Six entities and four vessels associated with Iran were sanctioned for knowingly engaging in a significant transaction related to the purchase, acquisition, sale, transport, or marketing of petroleum, petroleum products, or petrochemical products from Iran.
A network of companies is run by Iraqi businessman Salim Ahmed Said, according to State Department spokesperson Tammy Bruce.
“Concurrently, the Department of the Treasury is designating oil smuggling networks that have collectively transported and purchased billions of dollars’ worth of Iranian oil,” Bruce said in a Wednesday statement.
“Treasury is also sanctioning several shadow fleet vessels engaged in the covert delivery of Iranian oil.”
Several additional companies and three shadow fleets linked to Iranian oil trades will also face new sanctions.
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Author: Dillon B
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