U.S. Imposes New Sanctions on Iran's Oil Trade and Hezbollah
The United States has imposed new sanctions targeting a network involved in smuggling Iranian oil under the guise of Iraqi oil, as well as a Hezbollah-controlled financial institution.
The United States has imposed new sanctions on a network smuggling Iranian oil disguised as Iraqi exports, allegedly operated by Iraqi-British citizen Salim Ahmed Said. His companies reportedly used forged documents to sell the oil to Western buyers, evading sanctions. Several vessels involved in the scheme were also sanctioned. Additionally, the U.S. targeted senior officials linked to Al-Qard Al-Hassan, a financial institution controlled by Lebanon's Hezbollah. The sanctions freeze U.S.-based assets and bar any transactions with the designated individuals and entities.
The United States has imposed new sanctions targeting a network involved in smuggling Iranian oil under the guise of Iraqi oil, as well as a Hezbollah-controlled financial institution.
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