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The United States on Monday imposed another round of sanctions on Iran to “reimpose maximum pressure”, the Department of State announced. The U.S. government has designated 16 entities and more than a dozen ships for their involvement in Iran’s petroleum and petrochemical industry. The Department of State and the Department of the Treasury’s Office of
US slams new sanctions on Iran to disrupt ‘terrorism funding’
The United States on Monday imposed another round of sanctions on Iran to “reimpose maximum pressure”, the Department of State announced.
The U.S. government has designated 16 entities and more than a dozen ships for their involvement in Iran’s petroleum and petrochemical industry.
The Department of State and the Department of the Treasury’s Office of Foreign Assets Control (OFAC) have sanctioned 22 persons and flagged 13 vessels for their involvement in Iran’s oil industry.
A statement by Department spokesperson Tammy Bruce noted that the “illicit shipping facilitators” concealed their role in loading and transporting Iranian oil for sale to buyers in Asia.
Those affected by the fresh sanctions were accused of shipping tens of millions of barrels of crude oil worth hundreds of millions of dollars.
The U.S. said the latest action was an initial step to realize President Donald Trump’s campaign of maximum pressure on Iran and disrupt its “efforts to amass oil revenues to fund terrorists’ activities.”
The Department of State further vowed that America will continue to disrupt illicit funding streams for the Islamic Republic’s “malign activities.”
The U.S. said it would hold Iran accountable, as long as the nation “devotes its energy revenues to financing attacks on our allies,” and “supporting terrorism around the world.”
US slams new sanctions on Iran to disrupt ‘terrorism funding’
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