Washington Escalates Measures to Cut Off Iranian Oil Smuggling and Financial Channels

rafidainscope - The US Treasury Department announced the identification of networks and channels used by Iranian authorities to bypass international sanctions and smuggle oil. The department confirmed the implementation of strict measures aimed at drying up illicit revenue sources, in coordination with international allies and government agencies. The US Treasury Secretary emphasized the full commitment to severing all remaining economic arteries for Tehran to prevent it from funding its regional proxies and laundering money, warning that secondary sanction risks will target any entity that continues to conduct commercial transactions with Iran.